Fractional ownership has been around for years but as of late, has been gaining in popularity as a cost effective option for owning luxury real estate. The process of fractional ownership is an ideal and cost effective way to maximize your real estate investment by purchasing only the shares of the property that you want to use. Owners purchase deeded shares in a residence, usually 1/4 to 1/26 that gives them a specific number of weeks per year at the property – this affords the perfect chance to own a beautiful vacation home at a fraction of the cost.

Most buyers of destination homes do not want the hassle of maintaining a property year round. With fractional ownership, property upkeep and maintenance are handled by an independent property manager so all an owner needs to do is show up and enjoy it. A rotating schedule of the property's usage is also handled independent of the owners so all shareholders have an equal opportunity to enjoy different seasons throughout the year.

The Morison property is an ocean front home located in a beautiful setting close to all of Old Orchard Beach Maine's most popular destinations. The house has everything to make it the perfect beach destination while additionally offering the increasingly popular opportunity of fractional ownership.

For more information on fractional ownership, or to learn more about this Old Orchard Beach property please contact Mary Desjardin at (207) 934-1392 or via email at: mdesjardin@waterglenrealty.com.