Are you familiar with fractional ownership. It is not new, but what is new is the service around making it easily accessible for the general public. You can choose from Epic Vacation Homes from over 40 of the top destination locations.
According to the Second Home Market Analysis, the demand for luxury second homes remains strong. Whether buyers have been searching for a second home or never thought they could afford one, the co-ownership model is the perfect solution. It enables buyers to purchase the amount of
ownership they’ll actually use, starting at ⅛, and tap into a market at an accessible price point.
While co-ownership of real estate is nothing new — groups of families and friends have owned property through LLCs or informal arrangements for decades — it simplifies the process and removes potential
friction. A property LLC is created for each home and at closing, co-owners together enjoy complete ownership of the home. Unlike a timeshare, the LLC co-ownership model offers ownership of a home, not “right to use” time in a condo or resort hotel unit. The value of the owner’s real estate property asset moves in line with the whole-home market, and owners can sell at a price of their choosing.
Each unit is professionally designed and furnished in each home, and the ongoing demands of homeownership, like paying the bills and maintaining the lawn are managed. Owners simply show up and enjoy their home.
Using the SmartStay system, owners can reserve their home with as little as two days’ notice throughout the year. The app distributes reservations equitably according to ownership percentage and even accounts for holidays.
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THE MADRONA GROUP INC.
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