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Ocean Front Condo Fractional Ownership Share Available

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Page Views: 98
Added: 11/03/2009
Updated: 11/03/2009
Advert ID : 76913

About this 2 - Flat
Fractional Ownership Ocean front condo on hutchison island Hutchinson Island . Including Hutchinson Island ocean view homes, Hutchinson Island beachfront condominium rentals and Hutchinson Island ocean front condo in Hutchinson Island, Florida. YOU WILL OWN ‘A FRACTION’ When you decide to proceed with fractional ownership you own a fraction of the property, usually defined as a number of days out of 365 or weeks out of 52, and you continue to do so in perpetuity or until you sell or perhaps leave it to your family in your will. We are presently acquiring an ocean front condo on Hutchison Island. We will have 6 of the shares available for purchase in this 2 bedroom condo. The unit will be modernized to a high standard and fully furnished. The cost per share will be in the region of $50,000 for 7 weeks ownership per year in perpetuity. Please contact Us at ken@yourfraction.net For more information on fractional ownership Please contact me at 305-320-6744 Hutchison Island Treasure Coast Florida is a barrier island full of tropical vegetation. Lounge on you balcony watching dolphins and sea turtles in the Caribbean currents that feed Hutchison Island. Every form of entertainment is minutes away by car. Hutchison Island is one of Florida’s jewels with 52 weeks of beautiful weather. There are miles of unspoiled and unclouded Atlantic beaches are a few yards away from the back door.
City/Town:	Hutchison island
Address of Property:	Sea Palms
Postcode/Zip:	34952 [map]
Bedrooms:	2
Reception Rooms:	2
Bathrooms:	2
Type of Property:	Flat
Price:	USD 50000.00 [convert]
Features
Central Heating:	Electric
Burglar Alarm:	Yes
Parking Facilities:	Off Street
Gardens:	Front & Rear
Double Glazed:
Near Shops:	Yes
Near School :	Yes
Loft:
Utility Room:
Patio:
Extra Features
Air Conditioning, Deck, Hardwood, Range, Cooker, Dishwasher, Washing machine, Dryer, Humidifier, Swimming pool

Area Information
Ocean Front Condo Available Please Read On Fractional Ownership is one of the fastest growing sectors of the property market and in 2005 accounted for $1.5 billion of sales in the US alone. It provides both a legal and use structure that makes sharing a holiday property easy and brings ownership within reach of many people. There are a number of different fractional programmes but the bottom line is that there is a carefully documented plan in place to ensure that each of the owners has absolute certainty about when they can use the home.From the outset all parties sign up to an agreement that clearly states the obligations and responsibilities of both the Owners and the Management Company. The structure may cater for several categories of owner within a single property. For example, families with children may wish their fraction to include weeks during school holidays whereas retired couples might be keen to have ownership at quieter times of the year. Some structures may mean that you own a number of shares in a company specifically set up to own the property. You will buy an asset not a lease. Fractional ownership allows you more control of vacation property. Fractional ownership is very common in Europe. It is now being embraced by Americans who would rather own a portion of a villa in France, or Tuscany, or Rio de Janeiro or all three, than merely vacation there once a year. It is also coming to resort areas of the U.S. With fractional ownership, you are a co-owner of the property. In foreign fractional ownerships, you are usually a shareholder in a nonprofit business entity that includes the ownership of the property. Every investor is a co-owner in the business entity. Their percentage of shares is determined by the percentage of ownership that they are willing to finance for the property. Assuming a property costs $1 million and there are four equal investors, each would be responsible for 25 percent of the mortgage payments, taxes, maintenance and other fees. If there is appreciation in the property, all would equally share in any profit made at the time the property is sold. Conversely, while they own the property any tax increases or fee increases will be the equal burden of all investors. When asked about U.S. citizens getting funding for foreign properties, he explained, “We help U.S. investors secure funding for their foreign investments. Banks in Europe are very conservative. Most purchases require a 20 percent down payment. Borrowers’ financial information is thoroughly scrutinized.” He adds, “Property valuations are done by persons who have four-year college degrees in the field.” A good contract among fractional owners is essential for the arrangement to go smoothly. We have attorneys that help fractional owners design agreements that protect all of their interests.” People choose fractional ownership for several reasons: “They have an investment they can use for business or personal use. They can buy a more luxurious property in more high-end locales. They have control over ownership and décor. And there are no rental headaches associated with others using the property; they are all co-owners.”
Contact Information
Email Seller:	Email Seller
Contact person:	Ken Duncan
Advertiser Type :	Estate Agent
Phone:	305-320-6744
Sellers City, County :	port st lucie Florida United States
URL:	www.kenduncanrealtor.com
Map:	View property location
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