Fractional Ownership Advantage for North Carolina Vacation Properties on the Southern Outer Banks

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The typical homebuyer of beach property rarely hears about fractional ownership. But fractional ownership will surely grow in popularity. Why? Beginning in 2004 North Carolina beach vacation properties zoomed past the reach of the average family´s budget. In spite of the recent downturn in the real estate market, prices will not return to their pre-2004 levels.

SeaShare Properties, LLC´s approach to fractional ownership offers a distinct advantage to families wanting to own a fabulous vacation leisure getaway.

The Price Advantage

The unprecedented escalation in the cost of beach property over the past few years has made owning a vacation home at the beach an impossible dream for many families. Fractional ownership introduces the shared ownership concept. This concept makes it possible for more families to enjoy the beach. Fractional ownership is the best way to share the costs of buying and caring for a vacation property with other owners who share the same amenities.

As an example, a $3,000,000 beach home under fractional ownership is divided by ten owners. Each owner now pays $300,000 for his share. The purchase price is reduced by a factor of 10 as is the ownership cost.

The Use Advantage

Family schedules today rival the pace car at the Indy 500. The schedules are so busy it is next to impossible to get away as often, or for as long, as you would like. Does it make sense to pay for a vacation home for 52 weeks a year and have the property sitting idle most of the time? Fractional ownership eliminates this contradiction.

Fractional ownership means you pay for 1/10th of the purchase price, management and maintenance, and you can use the house 1/10th of the year or 5 separate weeks.

The Ownership Advantage

With fractional ownership comes a professional property management company. The management company will minimize your time to maintain a beach home as a remote owner. They will proactively maintain the home, its furnishings and the grounds. When a problem occurs, the management company is only a phone call away 24 hours a day, 7 days a week.

Fractional ownership makes it possible to afford a professional property manager. The ten owners will equally share the operating and maintenance costs through the affordable monthly maintenance fee.

Your beach house under fractional ownership will be governed by an owners' association with a board of directors. The board of directors will be responsible for overall management. Each Shared Interest Owner is automatically a voting member of the owners' association. The board will consist of three directors who are elected by the Owners and serve two-year terms.

The Fractional Ownership Advantage makes owning North Carolina beach vacation properties practical once again. Other considerations offered by fractional ownership simply add to the common sense approach to enjoying the dream of owning beach property.

Visit the professionals at www.seashareproperties.com for your private introduction to fractional ownership.