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Coming Soon Fractional Sales In Killington, VERMONT !

Fractional ownership is partial ownership of a property. With fractional ownership, a property is owned and shared by at least two, and often up to 13 or more, individuals. This type of ownership is most commonly found on vacation properties or resorts, that are usually to expensive for one purchaser to handle alone.To understand fractional ownership, let me give you this example: A large, and expensive, property that may be difficult to purchase and care for on your own, you now purchase a share of it, as do say 13 other people. Now, you own 1/13 of the property and have others to share in the cost of maintenance and taxes. Though this option is popular with larger properties, it has been used with smaller, lower cost properties as well.

   What is the difference between fractional ownership and timeshares?

Both fractional ownership and timeshare situations are common with vacation and resort-type properties. With a timeshare, however, you would purchase a specific amount of time to spend at the property, such as 2-3 weeks out of every year. You would not actually own any portion of the property. With fractional ownership, you would actually "own" the portion of the property you purchase. The key word being own. Fractional properties are becoming more and more popular in today's market.