Fractional Exchange
- www.tradetotravel.com exchange platform.
- Founded in 1991, well regarded in the industry and completing thousands of trades per year. Service is pay for use and you can rent.
- Choose from one of 550 homes located in North America, Central America, South America, Europe, Caribbean, Australia, Africa, Asia or Egypt.
- www.luxuryfracationalexchanges.com has over 1500 homes throughout the world.
FAQ's
What is the difference between a timeshare and fractional?
"Fractional Ownership" provides a deeded, co-ownership of a property, with both usage and equity benefits.
The concept originated with luxury private jets in the early 1990's and has become the number one preference for second-home
ownership, providing investment & tax benefits, while minimizing the cost of owning comparable property.
"Timeshares" provide the right-to-use a property only, and the development company enjoys the upside appreciation by retaining ownership.
How many days per year do I get to use the Villa?
Each owner has two different, two week time allocations during the year. The first is between January - June and second between July - December. The exact dates will rotate forward each year, enabling every owner to enjoy various Holidays.
Who manages the house?
The Home Owners Association (consisting of the 12 Owners) hires a Property Manager. Three members serve on the board under 2 year terms.
The Property Manager overseas every aspect of the House including the payment of all Operating Expenses, annual tax return for the HOA, inspection an timely updates, in addition to various concierge services.
Who is responsible if an Owner or Renter damages the Villa?
Other than normal wear and tear, each Owner is responsible for immediate repair or replacement of any damage to the Villa or the furnishings, fixtures and equipment. The property owner completes an inspection after each visitor and all renters make a credit card deposit.
Can I exchange my priority with another Co-Owner?
You may swap your time or combine weeks by swapping your highest priority weeks with any other Owner.
You can also rent out your weeks.
Are housekeeping & concierge services included?
The property manager will have a housekeeper on staff who will keep the property clean and refresh during each owners visit. Housekeeping charges are a component of the HOA fees.
Personal concierge services, such as the stocking of groceries, chef services, dry cleaning, errands, child sitting, and golf, restaurant, or tour guides are all available to any Owner on an "a la carte" basis.
What happens if an Owner doesn't pay their share of the on-going operating expenses?
As with a condominium HOA, if an Owner does not pay their share of any expenses, the HOA may foreclose on that Owner's deeded share, following a strict protocol, and reimburse the HOA from the proceeds of the foreclosure.
It is unlikely any action of this severity will ever be necessary. Under no circumstances is your deeded share ever in jeopardy by another Owner's default.
It's time to make real your dream
.jpg "Costa Rica Real Estate House for sale")
.jpg "Costa Rica Real Estate Luxury Ocean View Condominium with Guest House")
