Friday, March 9, 2007

Shared or Fractional Ownership – Getting a Luxury Vacation Home at a Fraction of the Cost

What is shared or fractional ownership?

Shared or fractional ownership is exactly what the name entails: owning a fraction of a piece of real property. Most often this type of ownership is used in resort markets for vacation homes. The percentage of ownership depends on the property. I have seen ½, ¼, and 1/6 ownership opportunities here in Summit County. This form of real estate ownership falls between full ownership of an individual vacation home, and a time-share, which typically is one to two weeks of a year. With fractional ownership, owners get the use of the property more often than with a time-share, at a fraction of the cost of purchasing full ownership of a property.

Each property will have different governing documents specifying which owners own which weeks, usually on a rotating basis. The property will be managed similar to a homeowner’s association where fees are assessed to owners based on their percentage of ownership.

What are the benefits of fractional ownership?

With fractional ownership, your investment dollar will buy a higher quality piece of real estate than if you were purchasing a full ownership property. For example, you will be able to own a more luxurious vacation property, with a better location, more space and nicer amenities than if you spent the same amount of money on a full ownership property.

Prices in the resort market real estate sector have increased steadily in recent years. These markets have not seen any slowdown in real estate sales or prices. Because of this, vacation homes are becoming too expensive for many people to afford. However, fractional ownership offers an opportunity for people to own a luxurious and enjoyable vacation home at reasonable prices.

What is the downside of fractional ownership?

Fractional ownership may not be the right choice for every buyer. First, you may want to use your property on a holiday week, but it is not your week. For example, with ¼ ownership, you will get to use the property every fourth Christmas and every fourth Spring Break. If you think you would use the property for every vacation, shared ownership may not be right for you.

Second, a property management company will be necessary to keep the property clean, maintained, and ready for the next owner to use. Without one, owners may be disappointed at the way the place was left from the previous owners. This will incur additional costs for all the homeowners.

What is the future of fractional ownership?

Fractional ownership is a relatively new concept in real estate ownership created because of rising resort real estate prices. The resale market for fractional ownership is still being developed as fractional ownership continues to take hold in resort markets. I anticipate that as fractional ownership becomes prevalent, the resale market will grow.

Where do I get more information?

If are interested in learning more about fractional ownership, please email me at, or call me at (970) 389-8388. I look forward to speaking with you.

Amy Nakos

Tuesday, March 6, 2007

Why Do You Need a Realtor® That Specializes in New Construction?

Building or purchasing a brand new home presents a myriad of different concerns than purchasing an “already lived-in home.” The rewards of living in a brand new home are tremendous – the new house smell, new appliances, new sinks, bathtubs and toilets!

I am not only a Realtor®, but also a real estate developer. I can help guide you through the building process, with its twists and turns, and help you understand the unique aspects of creating and owning a new home.

I maintain a network of reputable and fantastic architects and builders who will help you create the home of your dreams. I can assist you in finding funding from purchasing your lot to home completion. I will ensure that your new property receives the proper inspections, from third party inspectors, at the appropriate times. And when it’s time to decorate, I can match you with an interior designer that will make your house feel like home.

Let’s begin the journey to your dream home.

Teller Crossing Luxury Townhomes
Developed by Darren and Amy Nakos
Started September 1, 2005, Completed Spring 2007

Sunday, March 4, 2007

Introducing . . .

Hello! My name is Amy Nakos. Welcome to my blogspot. A fantastic source for real estate information in Summit County, Colorado coupled with recommendations, personal insight and local insider tips.

I own and manage Landmark Real Estate Group, LLC, a boutique real estate company located in Frisco. My specialities include resort properties, luxury residences, and new construction. You can visit my website at

I can provide real estate and other information on the following resort areas: Arapahoe Basin, Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, and Silverthorne.

I can be reached at 866-400-6767 or