Many owners of vacation and resort homes can only use it several weeks or months out of the year. The rest of the time it has to be in a rental program. The HOA fees and insurance now can be even more of a cost.

Timeshares offer one way to "own" a weekend in a luxury condo for life, but has been fraught with bad press and problems...from bankruptcy of the management company to outright embezzlement and fraud. It leaves a bad picture in most people's minds, and for good reason.

In 1994, Fractional Ownership was formerly offered as an alternative to the expense off the former and problems of the latter. Individuals in a fractional program buy partial ownership of a condominium in the highest quality resort, with each owner having an equal number of weeks to enjoy it with their families. Fractional ownership usually does not involve renting out the unit to strangers and the abuse it causes, although in some situations and developments it is allowed.

CNN Money says that fractionals, often called residence clubs, form one of the fastest growing segments of the vacation home market, with new sales totalling $1.5 billion in 2005.  It's good for the developer because it sells more of the condominiums to a larger segment of the population. It's good for the purchaser because it offers an affordable way to enjoy the good life and isn't burdened with the resale losses of a timeshare.

Most fractional ownership real estate is found in the very exclusive resort areas like Florida, Aspen or Lake Tahoe. A luxury condominium in these areas comes with a price in the millions, and even a joint ownership is astronomical by most people's standards.

Myrtle Beach, SC is well under-priced compared to other resort areas, and joint ownership in a Myrtle Beach condo is especially affordable!   Our featured project with fractional ownership opportunities is Dunes Village, one of the most prestigious resorts in Myrtle Beach. For more information, see the Dunes Village details, and then contact us!