January 2022

We recently received a call from a client who was excited to see a new condo listing come on the market in the North Coast Village complex listed at $263,000.  One thing the client didn't understand was that this condo was not selling for this price for full ownership, rather it was for 1/8 ownership of the condo.  Fractional ownership is something we have seen in the past but It really never seemed to gained popularity until recently.  It basically works around the concept of 8 different buyers who buy a share in any particular property.  All 8 owners own a 1/8 percentage of the property and work together on when they will occupy the property.  Any 8 owners may sell their percentage in the property at any given time and the cost of managing the home or