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Why home co-ownership is better than a timeshare

  • not2bigadeal
  • May 16, 2023
  • 1 min read

We're often asked what the difference is between co-ownership and timeshares. On the surface, co-ownership of vacation property might appear not too different than that of a timeshare. But in reality, they are worlds apart. When you purchase a timeshare, you are literally buying a slice of time to use the property.

GRAATIFY's model of luxury vacation home co-ownership is definitely not a timeshare, it’s true real estate ownership (but without all the hassles). A timeshare is almost always a unit at a hotel or condo complex usually outfitted with hotel-style furniture. GRAATIFY customizes each vacation property with exceptional furnishings, modern amenities and extra personal touches that ensure your vacation home is a place you’ll feel relaxed and comfortable.

One of the biggest differences between co-ownership of a luxury home and a timeshare is what you actually own. When you co-own a luxury home, you own a true real estate asset. Your share is real property, not simply a block of time. And because it’s a real estate asset, its value will move with the market — which means that any equity realized is yours.

When you purchase a timeshare, you typically own the right to use the property for a period of time, not the property itself. That’s why you can’t usually get a conventional home loan to purchase a timeshare — there’s no “home” as collateral, only time. Lastly, because a timeshare is not a real estate asset, you are likely to see the value depreciate, much like a new vehicle begins to lose value once it’s driven off the lot.



 
 
 

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GRAATIFY is organized as a limited liability corporation under the business name Graatify LLC. The information on this website is for general informational purposes only. Graatify LLC makes no representation or warranty, express or implied. Your use of the site is solely at your own discretion. This site may contain links to third party content, which we do not warrant, endorse, or assume liability for. GRAATIFY is not a real estate brokerage and thus does not buy or sell real estate. Our clients utilize GRAATIFY's preferred partner program network for real estate sales transactions. 

Contact us by email at: GM@graatify.com           Telephone: (704) 740-7994

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