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A Million $ Home is Not a Dream For Buyers on a Budget

Everyone would love to own a vacation home in the beautiful Colorado Mountains, or on a lake but the price tags can be $1 million or more and for most buyers this is definitely out of their price range.  Well think again, before you think it’s an impossible dream.   A company in Utah is helping buyers own a piece of their dream home by specializing in fractational ownership.  This is not a time-share which only sells access, this is actual ownership.  Fractional ownership could be one-fourth portion of the property, consequently a $1 million second home costs each buyer only $250,000.   For one-fourth ownership, each buyer/owner has use of the home for 3 months per year and could even rent out any unused weeks.  A big plus is that you don’t even have to know the other fractional owners!  Each buyer receives a deed for their share.  Okay sounds great but what if one owner defaults, then what?  Believe it or not, the defaulted share is foreclosed on leaving all the other shares in tact.  In today’s market, not just in Colorado, think of other vacation spots like, Florida, Vegas, California, Arizona where it’s so difficult to sell a $1 million property, how easy it might be to sell a $250,000 fractional share of a dream home?   The risks are obviously smaller.   This process is ideal for luxury second home owners that don’t use their second home as much, they could keep one-fourth share and sell the rest.   For more information visit this Utah based company’s website; Grandshare or watch this video

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This entry was posted on Friday, July 25th, 2008 at 1:21 am and is filed under Buyer's Corner, Mountain Living, Selling Thoughts, Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Scenic City Scoop - Chattanooga Tennessee Real Estate Blog said at July 29th, 2008 at 2:16 pm

   Wow! I never knew anything like this existed. I will probably check into it a little more. I watched two of the videos and was amazed by this type of service. Thank you for sharing it with us.

   David

2. Jazzyjazz said at June 10th, 2009 at 2:49 pm

   You made some good points there. I did a search on the topic and found most people will agree with your blog.

3. Gandalf said at June 10th, 2009 at 4:02 pm

   Hi, I can’t understand how to add your site in my rss reader. Can you help me, please

4. Ro Troia said at June 10th, 2009 at 9:09 pm

   Receive New Posts Via Email!

   To receive new posts straight to your inbox, enter your email on the side and click the submit button.

   What is that Funny Icon?

   The icon that looks like a volume button is actually a link to the page where you can subscribe to blog’s ‘feed’ via an RSS Feed Reader or Email. This orange icon is on the top left side of our site. I hope this helps,

5. KAMARIA said at October 10th, 2009 at 6:06 am

   Hey man.. real good post + super !!!

6. Catherine Shorrock said at November 30th, 2009 at 5:07 pm

   Good post, is it okay if I copy a link on my website to this page?

7. Ro Troia said at January 10th, 2010 at 11:16 pm

   Yes you may, if I haven’t already responded to your request

8. Karie Puffenbarger said at June 1st, 2010 at 3:40 am

   Hi,nice post,thanks for your share! and I wonder if i can quote this post in my website in case I place a link back to yours? Waiting for your reply!

9. go holiday said at July 10th, 2010 at 4:03 pm

   I checked everywhere to post related to this subject.. Thank you very much

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