Fractional Ownership consists of owning an “undivided fractional fee-simple interest” in a specific property.  In simple terms, you are buying your vacation home in partnership with other owners who share the cost with you.  Fractional ownership can make a lot of sense for a variety of people and lifestyles from baby-boomers thinking about their retirement opportunities to successful business executives to even current retirees. 

Fractional ownership of a second home is often described as “luxury without the hassle” or a “second home without the headache.”  Each owner is deeded a fractional real estate interest of a specific residence (condo or otherwise). In addition to any financing of their ownership interest, the owner also pays monthly or annual maintenance and association costs, plus annual real estate taxes based proportionately on ownership. All the other related concerns of vacation home ownership or second home ownership, including maintenance and furnishing replacements, are left to the property management company. 

Typically, these fractional ownership real estate properties are located in popular vacation destinations such as ski (52 percent), golf (23 percent), beach (20 percent) or urban (3 percent) resorts where prime real estate is coveted and in extremely short supply. 

While fractional ownership is nothing new, the ShareCastle approach is part of the next evolution of this real estate trend.  Originally, fractional ownership plans were organized by families looking to share the cost of a second home. Within the past decade, however, developers and resorts have formalized the arrangement and given it some distinction.  We are providing a full range of real estate services to private clients and current vacation home owners "who would not previously embraced Fractional Ownership".  

While many people dream of owning vacation property, most never take the dive because they can’t afford the property they want or they won’t use the property enough to justify the expense.  Fractional ownership solves this problem by allowing owners to share the costs of purchase and on-going expenses of vacation home ownership.  Furthermore they share the risks of the unforeseen maintenance problems as well as appreciation or depreciation of the property.  Simply stated, fractional vacation homes have the appeal of defraying costs by sharing them with others, and also making good use of the time that you are not using the property.