FAQs

Is it a timeshare?

Please don't mistake OurFloridaBeachHome’s Fractional Ownership System with owning a week in a timeshare community. The difference is significant. It’s nothing like owning rights to a certain week in a crowded complex. Simply put we deliver on the empty promises made by the now failing timeshare industry.
Your fractional ownership share gives you a deeded, fee-simple title to your fractional in your own private beach home and the land that it's on. You treat your fractional share like the valuable asset it is. You can pledge it for financing, sell it, or include it in your will for the benefit of your loved ones.

You can finance your fractional ownership?

Financing is available to help you comfortably obtain your Fractional Ownership Share. Your share is a deeded fractional interest. With a fee-simple title, you can pledge your share as collateral for a first mortgage loan. You may work with your favorite financial institution, or we can refer you to one of the reputable banks that have closed loans for previous clients.

Can you will your Fractional Ownership Share to your loved ones?

Your fractional share is a valuable real estate asset, and as such you have the power to share it with future generations. You can pass it along to your loved ones and include it in your will, allowing family to continue to create fond vacation memories for years to come.

Your beach home is cared for by owners who care.

Experience shows that fractional ownership groups upkeep their homes better than other situations, because renting to third parties is not financially necessary and therefore intermittent. Owners stay much of the year and take pride in caring for their beautiful new home. The program is established and secure, providing a forward-looking approach that pre-thinks all the problems and funds long-term maintenance, taking into account the many practical issues of home ownership.

Can you purchase multiple shares for more weeks?

A surprising number of families purchase two or more shares to spend more time at the beach or to increase their coastal real estate investment. In fact, usually only eight to ten owners take all thirteen shares. Ask us about the special pricing we offer for additional shares.

Can you sell your share(s) should you decide to?

If the time ever comes when you want to sell your fractional share(s) in your beach home, you are free to do so. Your ownership documents provide for this, and a reputable coastal appraiser can update your fractional interest appraisal. You also have a unique market of fellow owners who traditionally provide buyer candidates seeking additional shares or purchase directly from you. Professional real estate services are available to market and sell your unit for top dollar.

Why co-own and share a vacation home?

Although many people dream of owning vacation property, most either can’t afford the type of property they want, or reason that they would not use the vacation home often enough to justify the expense. Fractional ownership provides a solution to these problems by allowing you to pay only a fraction of the costs and ongoing expenses of vacation home ownership, and share the risks of unforeseen maintenance problems and value depreciation with others. Of course, in exchange for spreading the costs and risks, you give up some of the usage rights and freedoms that you would have if you owned the property alone. But job and school commitments prevent most people from using a vacation home for more than a few weeks or months each year, and some loss of freedom and control is often an acceptable sacrifice for the huge cost savings.

How do you determine the value of a fractional?

Another important thing to keep in mind as you consider fractional ownership is that fractional values do not equal whole ownership values. Comparing fractional values to whole ownership values is like comparing apples to oranges.

How do you know that the fractional value is an accurate representation of the real value? Because banks will lend on the fractional value. For example, at the Teton Springs Private Residence Club in Teton Valley, Idaho, banks will lend on 80% of fractional value. Shares at Teton Springs sell for $325,000 each. The bank requires 20% down or $65,000 and will finance the remaining 80% loan to value - just like any traditional mortgage. Since most fractionals have historically moved in the same direction as the local real estate values, when you decide to sell your fractional, any increase or decrease in value should be similar to any increase or decrease in local real estate values. The change in value will be based on your purchase price or $325,000 in our example - not the whole ownership value.