Vacation Home Owners
You have heard me bragging on 3RD Home on these pages before. 3RD Home (see ad to right) is a web site for second home owners that expands second home ownership by creating a home swap of vetted vacation home owners and properties. It’s like belonging to your very own Exclusive Resorts, only more exclusive.…
Read MoreOwn A Vacation Home for as Little as $87,000: Fractionals Are Coming Back and No Longer a Dirty Word
Wade Shealy, founder and creator of 3rdhome.com and one of the most knowledgeable people I’ve met on the second home market, tells me fractionals are going to come back strong. Fractional vacation home ownership makes sense; you own a deeded right to your property for a “fraction” of a year, which is why most people…
Read MoreIf you want to look at a market that makes residential real estate even in say, Detroit look good, look at second homes. Last year, the median price of a vacation home in the U.S. fell 11%. Compare that to what the National Association of Realtors tells us the ordinary primary residence did — fell 5 percent …
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