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.

At Desert Quarters we specialize in helping those interested in fractional homes turn their fractional desires into realities.  With so much uncertainty in today’s market many people are surprised when they first learn about the benefits of fractional real estate.  These same people are also turning to fractional ownership so that they may enjoy the benefits of home ownership without having to deal with all of the costs on their own.

Should you have inquiries regarding fractional real estate please contact us so that we may assist you further.

The city of Las Vegas has an allure that’s nearly unmatched by any other city.  Not only are Las Vegas and its famous Strip world renowned tourist destinations but the city is also an ideal location for those looking to live and vacation in luxurious style. Las Vegas is frequented by not only families and individuals looking for fun but by people who expect the best and are willing to pay for it.  For the latter, Las Vegas is more than merely a place to gamble but is instead a place where they come to relax and take advantage of the naturally sumptuous amenities the city offers.

At Desert Quarters we understand and appreciate your desire to vacation in high style and so we are proud to announce that we will soon be offering those looking for such a lifestyle, shared ownership in a Penthouse which is located within the extravagant Panorama towers in Las Vegas.  This Penthouse which is located on the 33rd floor is 3457 square feet and offers spectacular views of the city which can be viewed comfortably above and away from the busy streets below.  This Penthouse carries with it a number of amenities all of which have been designed to attract those who live an elite lifestyle and those who want the very best regardless of where they may be.  These amenities include…

• 2 Master Suites
• 2 Master Bath Suites
• 2 Balconies
• His And Her Walk In Closets
• Dining Room

These amenities as well as the Penthouse location allow you to live the natural decedent lifestyle that Las Vegas offers to its visitors.  Whether or not you own vacation property in Las Vegas, you owe it to yourself to; at the very least consider owning a fraction of this Penthouse. Owners of this property can also expect to receive luxury concierge services which will help compliment your already comfortable lifestyle.  If you’re looking for elegant, stylish, and an affluent vacation lifestyle Las Vegas and this Penthouse will not disappoint.

The fractions of this Penthouse will be sold off in 1/6 shares and the price per share will be $619900.00.  Those interested in owning a portion of this Penthouse should contact Felipe Crook at 702-683-2169 or email Desert Quarters for additional information.  Once the Penthouse enters the market it will likely not remain on the market for long so doesn’t wait!

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.

Should you be interested in fractionalizing your vacation home, Cobblestone Design Group can assist you in a variety of ways.

• Home Evaluation:  Our interior designers will come to your home and assess whether or not the interior of the home will meet the standards of prospective buyers.  If for some reason the interior of your home does not meet those standards, our designers will advise you on what it is you need to meet the standards of today’s fastidious buyers.
   
• Property Location:  Location is everything in real estate and when dealing with vacation homes it rings even truer.  While assessing your vacation home, our team of professionals will help you determine the value of your property by taking into account the number of tourist attractions in your home’s immediate area, the popularity of the neighborhood your home resides in, and how many different seasons tourists frequent the area in which your home is located.  Of course the more frequently vacationers visit the area your home resides in the more attractive and valuable your home becomes.  If your vacation home is in a more secluded area however and its community doesn’t offer as much as other vacations spots might our team will develop strategies that make your home more attractive to those interested in owning a fraction of a vacation home.
   
• Legal Evaluation:  Any time you’re dealing with real estate it’s a good idea to have all your bases covered, especially your legal bases, so that you know where you stand and what you can and can not do.  At Cobblestone we understand how intimidating and perplexing the legal side of real estate can be.  We therefore hire a real estate lawyer for you so that meeting all local and state regulations isn’t something you’ll have to worry about.
   
• Property Presentation: In the majority of scenarios we only get one chance to make a first impression.  This is especially true when you’re trying to entice buyers into purchasing a fraction of your vacation home.  Our team of professionals will not only assess your home but will assist with any remodeling that needs to take place.  We put a heavy emphasis on the things that make a home feel comfortable so that your home becomes even more attractive that it may initially be.  Amenities such as luxury linens, kitchen supplies, high-speed Internet access, and even top notch landscaping are all items we make sure to include should your home not already possess such amenities.
   

Create a Fractional Use Plan:  As fractional real estate experts, we assist all of our clients in developing a plan that allows all owners of a fraction property to benefit equally and fairly.  Our clients may choose one of two options when creating a plan with us.  The first option involves us bringing in a management team that specializes in fractional properties.  The second option involves bringing in a real estate agent though we encourage our clients to choose the first option as the majority of real estate agents possess little knowledge of fractions properties and more often than not do not comprehend or embrace the concept.

Should you have any questions about fractional real estate or should you be interested in either selling or buying fractional real estate please contact us so that might assist you! For additional information about fractional properties you may also visit Desert Quarters. We have the experience and knowledge to give you a turn key fractional development you will enjoy for years to come.