All Forum Posts by: Jeffrey Cerra

Heather:

Can you get a varience to allow you too subdivide the lot ?

Welcome Jennifer WNY investor here , What areas are you buying in ?

Hello Damon Its good to see someone from Buffalo here.

I am seeking a mortgage lender with outlets for funding a fractional townhome project in upstate NY. 1/5 shares in the low 200's a piece. 90 shares in total. Please message me for more details. The funding is for the end user.

With today’s inconsistent and sometimes stagnant real estate market the priorities of both homeowners and sellers has changed a great deal. In today’s market it is difficult for home owners to sell their home for its true value while buyers often hold out for a lower price which further devalues many a home. Even those buyers who target vacation properties have become much more conservative with their finances as the costs of maintaining such properties and dealing with a deficient number of prospective renters has made would be owners wary of owning such a property in these troubled economic times.



Those who are on the verge of owning a vacation home but are finding it difficult to part with their capital can take comfort in knowing that there is indeed an option available to owners of vacation properties that will allow them to retain the benefits of ownership, all the while reaping the benefits of a seller. This involves converting your vacation home into a fractional property. Fractionalizing your vacation home will allow you to capitalize on the appreciation your home has accumulated over the years all the while allowing you to retain partial ownership of the property. Additionally, selling off fractions of a vacation home, may allow an owner to pay down or even pay off the loan they originally took out for purchase of the home. Furthermore those who fractionalize their vacation homes continually enjoy the benefits of home ownership while reducing their annual costs by as much as 90%. With all of these benefits available to vacation home owners many have begun fractionalizing their properties.

In today’s real estate market both buyers and sellers are remain apprehensive about the purchase and the selling of a home. Sellers often fear that they won’t receive full market value and in some cases, a fair price for their home. Conversely buyers often hold out for lower prices or a better mortgage further frustrating today’s sellers. Despite a downtrodden market there are some people who have begun to turn their attention to fractional ownerships.

Fractional real estate is one of the hottest growing trends in the market of today and offers those looking for a home the many benefits of ownership, all the while dividing the costs and responsibilities of ownership between several different parties. These types of benefits have made fractional real estate especially popular with those interested in vacation homes but remain apprehensive about purchasing such a home.

A fractional home owner allows persons access to the home at predetermined times while still retaining partial ownership over the home, as opposed to a time share where individuals own units of time. Additionally as property values increase so do the individual shares of each owner and should the owners of such properties decide to sell their fraction of the home they may do so at any time without penalty.

Alfred

The stand alone single family property fractional is gaining pouplarity across the US and the rest of the world.

Joshua:

Fractional ownership is deeded ownership in a home, For example 6 people are brought together to buy a vacation home, That would be 1/6 ownership. Each owner gets 8 weeks use per year. They split all the operating cost associated with the property and share in any appreciation or depreciation the may occur while they own it. It allows for ownership of a much more valuable property that what you may normally be able to buy on your own. It is not a timeshare as each owner holds title on the property thur TIC.

My name is Jeffrey Cerra, I am a builder/developer moving into the stand alone fractional vacation home market. I am currently developing fractional properties in Las Vegas, Florida and the Carlonias, I would love to hear from people with their thoughts or questions on fractional ownership.