Talk of The Villages Florida - View Single Post - Fractional Share Partner to purchase 2nd home in The Villages
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Old 01-03-2021, 11:33 AM
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eweissenbach eweissenbach is offline
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Hmmmm, seems there are people afraid of this kind of arrangement! There can certainly be issues with fractional ownership, including disagreements about usage, Maintenence, furnishing etc. I can give you another perspective. We rented winters in TV for four years along with longtime friends and we stayed together and did almost everything together without a single disagreement. Now, this may not be the norm, but it is possible. We discussed and looked into buying a home in TV together 50/50 and almost pulled the trigger on a couple (wish we had they have appreciated about 50%) of homes. We were both going to continue as seasonal residents and we discussed some of the issues such as who would get the master br, or would we alternate, how would we choose the furnishings - etc. I am a Chartered Financial Consultant, so we also talked about executing a buy/sell agreement to address contingencies such as one party wanting or needing to sell, or the death of one of the parties. I had worked with these type of agreements for years so was comfortable with them. The compatibility of the parties is essential, and I would not venture into one of these partnerships with anyone I was not extremely comfortable with. By the way, when we were considering this we contacted the Villages management and were assured that up to four people could be on the title and get full resident privileges. Ultimately we and our friends each purchased separate homes about a quarter mile from each other.
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