Co-Ownership, known as fractional ownership, is a growing trend in reale state, especially in the second-home market.
As a legal way for two or more unrelated persons to own a property together, fractional ownership can attract buyers who seek lower mortgage payments and greater flexibility. It can work with different types of properties, from upscale homes to fourplex units. It's also an excellent way for investors to add a new revenue channel.
Many in the housing industry see the flexibility co-ownership as one possible solutions to the current affordability crisis. Some predict that fractional ownership may help decrease demand for middle-tier housing, ultimately helping home prices level off. Fans of the concept also tout potential environmental benefits from an expected reduction in new home construction.
While co-ownership is still a relatively new concept in the industry, its promise of flexibility can offer an intriguing personal and financial alternative for buyers who may want to co-own a property but live in different areas of the United States.
Author:Karin Waterschoot-Perez Phone: 614-774-1741 Dated: June 20th 2022 Views: 58 About Karin: Executive Vice President of Sales
Experienced Realtor, Karin Waterschoot-Perez, currently serves ...
View our latest blog posts in your RSS reader. Click here to access.
If you are looking for a high-energy and professional Realtor -look no further! I would consider it an honor to help you with all of your real estate needs. In an industry that is ever-changing you need someone on your side and looking out for you. I assure you will not be disappointed with my services. I can't wait to build a partnership with you! 2009 ReMax Executive Club 2010 OAR President Sales Club 2013 Remax 100% Club 2013 CABR Circle of Excellence 2014 CABR Circle of Excellence 2015 Remax Gross Commission Award 2015 CABR Circle of Excellence 2016 CABR Circle of Excellence 2016 Remax Platinum Club 2017 Remax Platinum Club 2017 Remax #2 Regional Top Individual 2017 Remax #6 in State of Ohio 2018 Remax #3 in State of Ohio 2018 CABR Circle of Excellence 2019 #1 Nationwide Social Survey Realtor 2020 60th of 6500 Agent in Cincinnati MLS RE/MAX Lifetime Achievement and Hall of Fame Awards. I have proven my success as a local and professional Realtor in today's market since 2007. I work hard and full-time for you to make the process smooth and easy. Representing both buyers and sellers to achieve all your real estate dreams and goals. Building my foundation on Christ that is full of honesty, motivation, integrity, and dependability! When you�re ready, I�ll be ready!!! #faithwillopendoors