| Fractional ownership of vacation ski condos is growing | | | | available program for those who want to use more |
| in popularity. Park City Utah a popular ski town offers | | | | days then what they are allocated. The Grand Summit |
| a great selection of fractional ski ownership | | | | Lodge at The Canyons ski resort offers a great value |
| opportunities in it's real estate marketplace. As the | | | | with quarter share ownership. With their quarter share |
| price for ski condos rise more people are considering | | | | ownership program, owners get 13 weeks of use per |
| fractional ownership as a great alternative to full | | | | year and may place days they do not use their condo |
| ownership. Fractional ownership does differ from | | | | into a nightly rental pool to generate rental revenue. |
| timeshare. Timeshare allows use of a property for a | | | | There are fractional ownership opportunities at Deer |
| specific week so it's very fixed. With fractional | | | | Valley Resort and in the popular Main Street area of |
| ownership you actually own a deeded interest share in | | | | Park City Utah as well. |
| the property with a specific number of days per year | | | | The cost of fractional ownership can start as low as |
| of use. The time of the year or week you can use | | | | $60,000 for a studio at The Canyons Resort to about |
| your condo can vary and is shared with a small | | | | $655,000 for a large 4 bedroom luxury condo at The |
| number of owners. There is generally a rotating | | | | Deer Valley Resort. To see what fractional ownership |
| schedule for use during popular holidays. With fractional | | | | opportunities are currently available in the Park City |
| ownership you need to be somewhat flexible since | | | | Real Estate market, buyers can search the Park City |
| you are sharing the unit with any where from 4 to 8 | | | | MLS and look under the category of fractional |
| other owners typically. If flexibility is an issue then full | | | | ownership and select the area of town they would like |
| ownership may be the better option. | | | | to find a fractional ownership condo. If you are looking |
| When buying a fractional ownership ski condo, buyers | | | | for options at Deer Valley Resort , then you can select |
| must be aware that there are annual maintenance | | | | Lower Deer Valley or Upper Deer Valley. If you are |
| fees which help with utilities and maintenance of the | | | | looking for options in the popular Main Street area |
| condo and it's common areas. Also when buying a | | | | where you will be near all the Main Street action, then |
| fractional ownership condo, you will need to find a | | | | you can select the Old Town area. If you are |
| lender that specializes in lending on fractional ownership | | | | interested in fractional ownership by the Canyons |
| condos or you may want to use a home equity line | | | | Resort, then select The Canyons area. |
| from your primary residence. Typically, the interest | | | | If you are looking to buy a ski condo, then fractional |
| rates can be a little higher compared to rates for full | | | | real estate ownership might be a good option to |
| ownership on one's primary residence. | | | | consider. Park City offers a great selection of |
| In Park City some of the fractional ownership ski | | | | fractional ownership options to choose from. Buyers |
| condo developments allow owners to place their | | | | are finding they can get a better property with a |
| condos in a rental pool to get rental revenue for days | | | | better location and more amenities for less money |
| they do not use their condo. Some also have a space | | | | with fractional ownership. |