Fractional Ownership
Fractional Ownership in North and South Carolina
are similar to other real estate purchases, except
that only a fraction of the property is purchased. The
ownership is a partnership with multiple owners, and
use is based on an established schedule. With all the
entertainment and golf
in The Carolinas, fractionals are booming.
Fractional ownership in the Carolinas comes with many
options, starting out at a thirteenth share (1/13th)
to a half share (1/2). A thirteenth share, provides
one weeks use of the property each season for a total
of four weeks per year.
A third party will usually manage the fractional property
with rules documented in a written agreement between
the owners. An annual budget is set and owners make
monthly or quarterly payments to cover utilities, insurance,
taxes any expenses related to ownership.
The target audience for North and South Carolina fractional
ownership real estate property is the travel sector.
Many travelers are looking for a second home in the
Carolinas that is as nice as their main residence, but
are not ready to foot the mortgage themselves or deal
with renters and maintenance costs.
The deed to the Carolina share of property can be passed
down through generations, or sold through a broker.
Shares increase in value as the property appreciates.
Some consider fractional ownership an investment,
but the majority of share owners use it for a vacation
getaway to enjoy with family and friends.
The majority of South Carolina fractional properties
are located in resort locations, where condos, condo
hotels, and time shares
are located. The fractional owner has access to many
of the same amenities in the resort area as the full
property owner, while paying only a fraction of the
full cost.
Besides the mainstream fractional ownership in South
and North Carolina, there are fractional boats, motor
homes, motorcycles, and even jet airplanes. Why pay
full price for something that can't be used year round?
Top Fractional Ownership Areas In North Carolina
- Bald Head Island
- Beech Mountain
- Appalachian Ski Mountain
- Hawksnest Golf & Ski Resort
- The Cottages Residence Club
- Balsam Mountain Preserve
Top Fractional Ownership Areas In South Carolina
Time Shares In The Carolina Area
There are over 150 time share resorts
in the Carolinas, which means there is never a shortage
of places to stay after a long round. There are time
share resales in the Carolinas, as well as newer
resort time shares. Try to find a resale in a Golf
Resort.
There are only a few true golf destinations left in
this country, and The Carolinas play host to a couple
of the best. Try to take in a few of the golf courses
North and South Carolina have to offer. One day play
near the ocean and another day down by the river. Enjoy
a lazy summer round or play during the winter. There
is no better golfing anywhere in the US.
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