FRACTIONAL CONSULTING

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THE INTELLIGENT WAY TO OWN REAL ESTATE

Would you like the idea of owning an oceanfront condominium in a luxury resort but just cant justify the cost of whole ownership? You are not alone! A new concept of vacation ownership called Shared Ownership is becoming increasingly popular with busy professionals looking to maximize their family vacation time.

WHAT IS SHARED OWNERSHP?

Patterned after fractional ownership of private jets and yachts, Shared Ownership is a middle ground solution to second home ownership. It is between whole ownership and timeshare. With whole ownership you have the sole responsibility and full exclusive use. With timeshare you purchase only vacation time, not the real estate itself. Shared Ownership consists of owning an undivided interest in a specific property. In simple terms, you are buying your vacation home in partnership with other owners who share the cost with you.

HOW DOES IT WORK?

Shared Ownership is similar to any other real estate purchase except you are only purchasing the property at a fraction of the cost. The property usually is divided into eights, fourths or even thirteenths with each owner having equal number of days a year to use the residence. The most common shares are quarter shares where you can use the property one week out of every month, sharing the property with only three other owners. In addition, you can elect to rent it through an on-site rental management company, exchange it with others, resell it through a broker, and even pass it down through generations in your family. Under this unique form of ownership, each owner has a registered title or fee simple deed to a one-quarter interest in the condominium.

YOU BELONG TO A HOMEOWNERS ASSOCIATION

Management of the property is taken care by a Homeowners Association. In most cases, an annual budget is established and owners make monthly or quarterly payments to cover utilities, housekeeping, maintenance, insurance, and the like.

BENEFITS

One of the reasons people buy into this concept, even when they often can afford the entire purchase, is that the expense and responsibility is substantially reduced. This makes the second home truly a vacation, as you can simply go there and know everything is in order. Its carefree, its flexible, and most importantly, its affordable! Some of the fractional developments worldwide also participate in a global vacation exchange club. This offers the ability to travel worldwide for quality vacations while still maintaining the benefits of your second home ownership.

APPRECIATION POTENTIAL

The main attractions for buyers are price and a share in potential appreciation. To date, there are approximately 254 fractional developments worldwide. The demand therefore is high. In fact, Dunes Village II represents Myrtle Beachs very first oceanfront development utilizing this revolutionary concept. As a result, it is likely there will be substantial appreciation rather than depreciation that usually occurs with timeshares. Real estate experts say that the outlook for investment potential appears excellent. You should expect at the very least an appreciation parity against other real estate in the resort area in which the property is located.

COMPARISION OF FRACTIONALS TO TIMESHARES

How does shared ownership or fractionals compare with timeshares? They really dont! Fractionals are for the more exclusive and include many more luxury amenities and services than timeshares. Timeshares usually allow you use for just one to two weeks per year. Fractionals offer from four to thirteen weeks and these dont necessarily have to be consecutive weeks. Timeshares are for exchanging whereas shared ownership is a use product and considered to be the primary vacation destination of choice.

FINANCING

Obtaining a bank or mortgage loan on a timeshare is difficult. Rates are often very high, regardless of how good our credit. Thats because it is a well-known fact that most timeshares depreciate over time and expire. Conversely, banks and mortgage firms consider fractionals to be appreciating assets and will often treat them like any other second home purchase.

PRICES

To purchase shared ownership, you pay a one-time purchase price and homeowner association fees. Prices vary based on size, amenities and location of the individual property. Keep in mind that these are truly top-of-the-line properties that would cost you two to five times as much if purchased outright as wholly owned vacation property.

MORE LUXURY

Shared Ownership residences have amenities and decor similar to that of a luxury hotel. The typical residence has amenities like flat-screened TVs, granite countertops, crown moldings, high-end appliances, upgraded furniture, etc. Ownership typically includes access to golf, spas, beaches, entertainment, fine dining that are on or adjacent to the resort property.

THE BEST OF BOTH WORLDS

Yes, Shared Ownership or fractionals may cost less than whole ownership, but when you consider that it does not tie up much of your capital, it allows you to own multiple second homes worldwide at a fraction of the cost. It is carefree, flexible, and more affordable than whole ownership. It provides more luxury, more amenities, more privacy, etc. In the final analysis, Shared Ownership may end up being just what you have been looking for and believe this, youll have a lifetime of reasons for being glad you did!

TO ARRANGE FOR AN APPOINTMENT TO LEARN HOW TO AFFORD THE UNAFFORDABLE

FREQUENTLY ASKED QUESTIONS

Q: WHAT IS SHARED OWNERSHIP?

A: Shared Ownership is designed so that each owner is deeded an interest or fraction of a specific condominium residence. They then pay a monthly or quarterly maintenance fee and annual real estate taxes based on their ownership. All the other related concerns of vacation ownership or second home ownership including maintenance and furnishings replacement are left to the property management company.

Q: HOW IS SHARED OWNERSHIP DIFFERENT THAN TIMESHARE OWNERSHIP?

A: Shared Ownership properties are typically located in world renown resort locations where prime real estate is coveted and in extremely short supply. The residences are characteristically far more luxurious than timeshare accommodations and offer a significantly higher level of personal services, exclusivity and sophistication. Deeded shared ownership is evaluated as an alternative real estate by the savvy investor who enjoys that specific location and would like to take advantage of the flexibility of using the residence and resort as their needs dictate. Letting family or business associates enjoy the additional time or take advantage of the rental management option are attractive alternatives to the owners personal use.

Q: ARE THERE ANY DIFFERENCES BETWEEN SHARED OWNERSHIP RESIDENCE OWNERS AND WHOLE RESIDENCE OWNERS?

A: No, other than the shared ownership owner has specific deeded ownership use rights during rotating times throughout the year. Each owner has full access to every feature and amenity Dunes Village Resort has to offer when they are in residence.

Q: CAN SHARED OWNERSHIP OWNERS RENT THEIR UNUSED TIME?

A: Yes, the opportunity exists for residences to be rented through the in-house rental management company or on their own. Additionally, their unused allocated ownership time can be gifted to friends, family or business associates.

Q: HOW DO SHARED OWNERSHIP OWNERS RESERVE THE USE OF THEIR RESIDENCE?

A: To avoid the uncertainty of a first-come, first-serve reservation process, owners will be provided with a calendar detailing their reserved allocation for several years in advance. Any of the allocated time they choose not to occupy can be entered into the rental program.

Q: WILL SHARED OWNERSHIP OWNERS ALWAYS STAY IN THE SAME RESIDENCE?

A: Yes, as long as owners utilize their reserved time allocated during each month, they will be entitled to reside in their deeded residence.

Q: WILL FINANCING BE AVAILABLE FOR PURCHASE OF A SHARED OWNERSHIP INTEREST?

A: Yes, purchasers will be provided with the option to finance their interest similar to financing the purchase of a whole ownership residence. The terms and underwriting for this financing option will be made available at the time of contracting.

Q: MUST I PLACE MY CONDOMINIUM IN A RENTAL PROGRAM?

A: No, an owner is not required to rent his or her condominium at all. However, Dunes Village Resort will have a comprehensive program for rentals if an owner chooses to do so.

Q: WHY SHOULD I PURCHASE A SHARED OWNERSHP INTEREST?

A: Most people recognize that spending more time than a couple of months a year at the vacation home is impractical. With shared ownership, you get the quality and level of luxury you want and only pay for the time you actually plan to visit the residence. You never have to be concerned with finding renters nor have to worry about maintenance.

Q: CAN OWNERS EXCHANGE USE OF THEIR RESIDENCE FOR USE OF OTHER VACATION HOMES?

A: Yes, owners have the option of participating in a Quality Vacation Exchange Network with Interval International that allows them to trade use of their residence for use of other accommodations at over 2,000 destinations worldwide.

Q: WHO COORDINATES RESERVATIONS, CHECK-IN/CHECK/OUT AND OWNER SERVICES FOR DUNES VILLAGE?

A: A Dunes Village Property Manager/Owner Services Coordinator oversees checkin/ check/out and offers a variety of in-house services such as reserving tee times, dinner reservations, babysitting, show tickets, etc.

Q: DO PROPERTY OWNERS PAY FEES OR DUES?

A: Yes, all property owners will pay quarterly dues to the Dunes Village Property Owners Association. These dues pay for all maintenance and upkeep of your individual property, insurance, utilities, housekeeping services, property management and a replacement reserve fund to cover upkeep of exteriors, interiors and replacement of furnishings.

Q: WHO ESTABLISHES THE HOME OWNER ASSOCIATION FEES AND CONTROLS THE DUNES VILLAGE PROPERTY OWNER'S ASSOCIATION?

A: As interests are sold in the Owners's Club, control of the Dunes Village Homeowners Association will be passed incrementally from the developer to a board of directors fully elected by property owners that will establish budgets and association fees on an annual basis.

Q: HOW DOES IT WORK?

A: Shared Ownership is similar to any other real estate purchase, except you are only purchasing a fraction of the property instead of the whole property. Fractional shares vary, but the most common are quarter shares where you can use the property one week out of every month, sharing the property through an on-site rental management company, exchange it with others,resell it through a broker, and even pass it down through generations in your family. Under this unique form of ownership, each owner has a registered deed or title to a one-quarter interest in the condominium.

Q: WHAT ARE THE BENEFITS OF SHARED OWNERSHIP?

A: One of the main reasons people purchase fractionals or shared ownership, even when they can afford the entire purchase, is that the expense and responsibility is substantially reduced. This make the second home truly a vacation, as you can simply go there and know everything is in order. It's carefree, flexible, and most importantly, affordable! Furthermore, it provides more luxury, more amenities, more services and does not tie up one's capital allowing ownership of multiple second homes worldwide at a fraction of the cost.

The Setting Will Last, But The Opportunity is Limited

ACT QUICKLY

CALL 800-682-9951 or 910-540-0933