PanamaFractional.com - Panama Fractional Vacation Home Ownership - Own an ocean front estate and live the dream! Fractional vacation home ownership is now a real possibility. We have 2 fractional vacation homes for sale. - Fractional home ownership vacation, fractional home, fractional homes, fractional home ownership, panama real estate, panama fractional home, panama home
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Owner Benefits
Number of Shares for sale: 12 shares for Lot 6 and 12 shares for Lot 17.
Each home to be sold and operated independent of each other.
Cost per share: $140,000 for Lot 6 or $160,000 for Lot 17..
Weeks per share: 4 weeks per share. (2-2 week shares, 6 months apart).
Investment Possibilities
- You will actual own 1/12 of the company that owns the home. The company will be an American run entity that will own the Panamanian corporation that owns the home. This is to keep all transactions and laws that govern this property in the USA. This is for everyone's protection and benefit. You will also own all assets in the home, vehicle, furniture, media equipment etc.
- These are direct Ocean front (Pacific Ocean) homes. You walk out and go by the private built in pool to the Pacific Ocean. These are normally the fastest appreciating properties in the world. As the values rise, so does your equity in the home. Compare these homes to other ocean front properties world wide. You can see the value already. Homes of this size and quality sell for many millions of dollars all over the world. Massive appreciation is expected in the next 3-5 years in this area of Panama.
- Owners may sell their shares for a profit at anytime. There is a first right of refusal from the other owners and then you may put your share on the market. As the values rise, so does your equity. Las Olas Resort has real estate professionals that are happy to market your share for you. They know the area and are on site showing properties all the time. Any owner may contact them directly to sell their share.
- The Management of the property is controlled by the owners. The owners will have a Home Owners Association (HOA). This association will control how the property is managed. This is different from TIME Share. The owners are in control.
- Owners have 2 - 2 week time periods at the home. That is a total of 4 weeks of exclusive use of the property per year. After the owner picks the 4 weeks, as detailed in the HOA documents, the weeks rotate every year to insure each owner has access to each week in a 12 year period. This is to ensure even distribution of time during the year. Example: First owner picks week 4 and 5 of the year, he has to also take week 30 and 31 of the year. The next year the owner will have use of weeks 6 and 7 and weeks 32 and 33. The owner may rent the weeks. Comparable properties rent for about $4,000 to $7,000 per week. The weeks may also be traded with other owners as per the HOA docs.
Amenities
- All maintenance and management will be handled by the company selected by the HOA.
- A vehicle will be part of the assets of this property. This is so you do not have to rent a vehicle while you visit. This will be some type of SUV.
- Live in maid(s). They will be managed by the Management Company.
- Owners and guest that rent through the Management Company will have use of Las Olas Resort. There is a workout room, pools, restaurants, night clubs and other services. Food and drinks are extra.
- Each owner will have a private locker in the garage for storage of personal items.
- The home has a full laundry facility.
- Before closing, the homes will be completely decorated, furnished and vehicle parked in the garage ready for use by the new owners. No detail will be missed. Here is a partial list of what will be in the homes; appliances, towels, sheets, all kitchen utensils, TV's, DVDs, computer, office etc. The homes will be ready for occupancy.
Investment Terms
- A small one time investment of $140,000 for Lot 6 or $160,000 for Lot 17.
- $25,000 Earnest Money deposit is due upon signing of contract.
- Funds to be held in escrow until completion of home.
- Balance is due upon completion of home. Date to be determined. Estimated to be around January 2008 for Lot 6 and March 2008 for Lot 17.
- Monthly expenses will be controlled by the HOA. The monthly expenses are to include but not be limited to; Insurance, utilities, property maintenance, on site staff, pool maintenance, future reserves and vehicle expenses etc.
- There will be 4 weeks open to perform maintenance. This time stays in the HOA for that reason. The owners will be permitted to use these weeks as a bonus if no maintenance is needed.
For additional information or to purchase shares please contact:
Joe Godar
Phone: (888)-264-8603 USA
Cell: (513)-708-3071 USA
joe@panamafractional.com
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