Ten Things to Know About Fractional Ownership BEFORE You Invest
Summary: What is fractional ownership and is it a good option for you if you're interested in Paris real estate?
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About the Author
Stephanie Freedman is one of the founders of PARIS Real Estate Finders (PREF). She is a former US lawyer with a passion for things French. She finds herself busy as a buyer's rep in Paris helping non-French to find the pied-a-terre of their dreams.
Additional Information:
- France Guide
- Healthcare & Health Insurance in France
- Members Talk about Healthcare & Health Insurance in France
- Best Places to Live in France
- Real Estate in France
- Guide to Real Estate in France
- Pros & Cons of Living in France
- Cost of Living in France
- 15 Best Places to Live in France
- France vs. Italy
- 9 Best Places to Live on the Coast in France
- Essential Guide to the Health System in France
- Pros and Cons of Living in France 2024
- 2024 Guide to Moving to France
Comments
guestDarrell(and Stephanie), Having "researched", years ago, the merits of our embarking into fractional shares in French r.e., your current article affirms that a judicious "must" in this arena may definitely be in the best interest of potential buyers. Later regrets can be(financially) costly. Thanks for another, updated insight(s). Bernard G.
Vanessa362Almost everyone recognizes that owning a vacation property fractionally is a good idea. But that recognition is generally not enough to generate a signed contract and a closed sale. For sales prospects to really assess their level of interest, they need specifics. The fractional ownership sale least likely to close is the one where a group of prospective co-owners gets together and then tries to figure out how to structure their co-ownership. If the main elements of the offering are not fully developed, it is impossible to distinguish real buyers from those who are simply intrigued by the concept. As a consequence, you will end up wasting time on prospects that will not close, and paying insufficient attention to others because you mistakenly believe you have more interest than you really do. Paris Fractional Ownership