by Marge Coffing

Costa Rica

A friend sent me an article “Shared Success” from the Dec 27th 2011 Denver Post about how entrepreneur David Burden built a business promoting the concept of shared ownership. His idea has grown from one simple listing 12 years ago at the base of Snowmass to an international company employing 300. Why?  Because the world understands and values these: partnerships, sharing for the greater good to facilitate individual benefit, and savvy investing in joint ventures. In the real estate world that translates to valuing “fractional ownership”.

In one sense the concept is simple – pay only for what you use. But when the buyer gets a deeded ownership share of a high end property in the most desirable of locations – that buyer has purchased a gift to self and family that “keeps on giving”. Prime locations will always be so. Well maintained high end facilities retain their value and continue to benefit everyone in the community, locally and globally.  Owning top-tier properties fractionally is a top-notch idea at a time when “a new market out there with new dynamics is changing ways to make money”, believes David Osborne.

The growth of fractionals worldwide has seen steady expansion at a time when other types of real estate development have faltered. From the Costa del Sol in Spain to Riviera Maya in Mexico, from Thailand to the Turks and Caicos, and even cruise ships and super-yachts have been the focus of the fractional and shared ownership approach. In November 2011 Dubai hosted a Shared Ownership and Fractional Summit. Members of the Association of International Property Professionals have even speculated that “whole ownership will become a luxury” in the overseas property market.

Now is the time to value “fractional ownership” in our future – it makes sense, and good business.

Marge Coffing

Certified Fractional Professional at Fractional Homes International, Certified International Property Specialist at Beach & Luxury Realty, Inc, Pinellas International Council Secretary, Chair Education Committee at Pinellas International Council (PIC)

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