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What is 50% Co-Ownership?
Written by Administrator
Thursday, 07 July 2011 16:15
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| The concept is simple... In today's economy, owning a 50% interest in a second-home makes more sense than ever. On average, second-homes sit vacant 300 days a year, and the cost to maintain them is soaring.
It is best explained by using an example:
Let's say you have a $5M home with a $2.5M debt and you sell a 50% interest for $2.5M. You are now debt free and are responsible for half the cost of carrying the property moving forward. You can now be more patient selling the remaining 50% interest, if you choose to sell it at all.
The buyer is thrilled because they have just purchased a $5M home for $2.5M, and have half the cost of carrying the property. Neither party will probably ever use their full 6 months.
Co-Ownership is a unique program and is NOT a timeshare, vacation club, or fractional ownership. |
| Last Updated on Thursday, 07 July 2011 17:19 |
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About Co-Ownership Solutions
Written by Administrator
Thursday, 07 July 2011 16:15
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| Co-Ownership Solutions is a unique firm that provides specialized services as an intermediary for clients who wish to co-own real estate in Hawaii's luxury market. Co-Ownership Solutions markets the 50% Co-Ownership concept, profiles & matches sellers with qualified co-owner candidates, & creates the custom co-tenancy partnership agreement between the two parties.
- Profiling - Each co-owner meets our exclusive comprehensive profiling criteria.
- Matching - Based on your personal needs and we expertly match you with your Hawaii dream property and most compatible co-owner.
- Legal - Our Co-tenancy Partnership Agreement is so thorough that every scenario is clearly defined and each co-owner is equally protected.
- Management - A variety of options are offered and fully customized to fit individual ownership needs.
- Marketing - 50% Co-Ownership properties are extensively marketed. Only suitable co-owners are matched from our selective buyer-seller database.
- Strategic Alliances - Hawaii's top producing real estate agents promote the properties on the MLS for maximum exposure to all agents & general public.
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| Last Updated on Wednesday, 03 August 2011 12:57 |
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