Fractional Homes For Sale Charleston SC area | Interval ownership properties for sale Charleston SC

On this web page, you will find ALL the current listings on MLS for the 4 primary resort areas that offer properties in fractions: Wild Dunes on the Isle of Palms, Kiawah Island, Sullivan’s Island, Seabrook Island, and Folly Beach.

Fractional property ownership has become very popular in the last 20 years due to the realization that owners only have so much time to spend in their second vacation home. So why pay for all of the expenses yourself when you can only enjoy it a few weeks a year? The first thing you must know is it’s not a timeshare. In a timeshare you don’t actually have ownership of the unit you simply own the time. It may seem the same but here is how fractional ownership is different. The biggest difference between timeshare & fractional ownership is that with a timeshare you buy the right to use a property, but with fractional ownership, you are buying real estate and get a title. You get a deeded piece of real estate. With fractional ownership, you also reap the rewards of equity growth or decline just with any real estate investment. Generally speaking, the reason fractionals are used is to save money. Every fractional endeavor requires some sort of oversight, usually one of the other owners to be “the point man” who takes care of responsibilities as well as enforces the regulations (which are agreed upon before the fraction is purchased) to the degree laid out in the legal ownership documents. Each owner is guaranteed a prescribed amount of access to the asset and shares (fractions) are divided up almost like stocks. However, in real estate is it done in portions that fit within allotted weeks or months and [not necessarily back to back.