Colorado Fractional Ownership

Have you heard about Colorado fractional ownership? It's an interesting concept that is rapidly growing in popularity. Fractional ownership involves owning a portion of a vacation property, rather than having sole ownership.

Consider fractional ownership of a Telluride condominium. The condominium would be divided into a specific number of shares. Usually the number of shares ranges from four to 10. Each buyer purchases a share of the condominium and secures fee simple title to that share. He or she then has the right to use the property according to a prearranged but changeable schedule.

Fractional ownership offers many perks, including obtaining vacation property at a much lower price. Shareowners can enjoy golf club membership, ski passes, and an amazing array of other fringe benefits. Often, owners can even enjoy spa memberships. Furthermore, a shareowner can re-sell his or her share in the property, possibly earning a tidy profit in the process. Fractional ownership is a possibility for both condos and homes, with prices generally ranging from $38,000 to $325,000.

As your Telluride area real estate broker, you can depend on me to assist you with the process of not only understanding the advantages of fractional ownership, but also the factors that might be considered less than advantageous. For example, if you own shares in such a property, you cannot use it every day of the year and you don't have total control over it. I, Raymond Bowers, can help you weigh the pros and cons of fractional ownership and will assist you in deciding if it is right for you. For more information, email me at Ray@realestateintelluride.net or call 970-729-2278. I'm ready to help!