Kenneth Duncan Real Estate Agent » Fractional Ownership

Luxury Homes in The Renaissance Club Scotland

kenduncan — Thu, 11 Mar 2010 21:02:58 +0000

My Partners In Scotland

BEAUTIFUL HISTORIC SCOTLAND

Please contact me regarding our luxury Sole Ownership and Fractional Ownership Properties available in Scotland

Beautiful. historic Scotland

Including: Aberlady, East Lothian; The Renaissance Club; Archerfield Estate; The Isle of Arran.

Call me for details on the above properties or for further information on fractional ownership you can view our partners’ websites at

Your Fraction
The Links at the Renaissance Club
The Lodges at… Aberlady
Isle of Arran Holidays

Steeped in centuries of Scottish history and golfing tradition, East Lothian is blessed with heather-clad hills and unspoilt beaches, grand estates and ruined cliff-top castles. It is also home to some of the world’s finest and most challenging golf courses. Among the, the newly completed exclusive golf course and luxury homes at The Renaissance Club.

The Links at Renaissance

Construction is now commencing on these luxury homes in The Renaissance Club. Please contact me if you are interested in further information

Set within the grounds of Scotland’s most prestigious new golf club, The Links at Renaissance is the rarest of property opportunities. Four premium homes of exceptional quality and desirability, adjoining Tom Doak’s acclaimed new course at The Renaissance Club, East Lothian.

The spectacular first hole at The Renaissance Club

Bordered by the Duke of Hamilton’s estates to the south and the legendary Muirfield Golf Club to the west, The Links at Renaissance offers a privileged few the opportunity to live in truly select golfing company, only 30 minutes from Edinburgh city and airport.

The Links at Renaissance is a strictly limited investment and lifestyle opportunity which comes complete with a Membership Bond for The Renaissance Club.

The Renaissance Clubis the latest link in a stunning chain of superb courses which stretches along the sand dunes of the magnificent Firth of Forth, from Gullane and Luffness in the west, past Muirfield, to North Berwick in the east.

The Renaissance directly abuts historic Muirfield Golf Club – the two eighteens share an ancient stone-wall border – but in every other respect it boasts its own unique character. Bearing the minimalist hallmark of its renowned American Golf Course architect, Tom Doak, it’s a 7,435-yard course which makes the most of its natural heath land and forest setting to offer a thrilling game, with views to match.

From The Renaissance, it is just 30 minutes by car to the historic and vibrant centre of Edinburgh. Home to the world’s largest international arts festival, Edinburgh offers a rich, year-round programme of theatre, opera, music and film. It also boats world-class museums and galleries, and top class restaurants, bars and shops.

East Lothian continues to witness some of the fastest growth in regional property prices – particularly at the high-end where demand for premium properties within easy reach of Edinburgh far exceeds supply.

The Links at Renaissance offers a rare, and strictly limited, investment opportunity – not to mention a truly enviable golfing lifestyle.

For more information details of house plans please contact me: Ken Duncan

Email: kjd769@gmail.com

Telephone: 772-224-6378

Fractional Shares of an Ocean Front Condo on N Hutchinson Island

kenduncan — Sat, 07 Nov 2009 12:46:13 +0000

On Offer: Fractional Shares of an Ocean Front Condo on N Hutchinson Island

Fractional Ownership Explained

Fractional ownership is becoming widely accepted but the current economic climate and lack of bank finance could be the turning point that makes it a mainstream method of purchasing second homes and holiday properties.

Over at least a decade people have fulfilled their dream of owning a holiday home by borrowing against the increased value of their main residence and then borrowing further against the second property. In many cases 100% of the acquisition cost was funded by the bank leading to an extremely fragile property market in many popular destinations. The position is now very different due to falls in house prices and, with few loans available, those still wishing to own that ‘place in the sun’ must look at alternative means of purchasing these properties.

Fractional ownership has always been a highly practical and cost effective method of owning holiday property since you only own the time you are likely to spend in it – for most a maximum of 5 weeks. In simple terms, 10 owners could share the same property, all can enjoy more or less the same benefits as they would if they owned it outright and the cost is just one tenth.

To help you compare fractional ownership to other investments,

QUESTIONS	SOLE OWNERSHIP	FRACTIONAL	TIMESHARE
ASSET WHERE THE PROPERTY VALUE WILL GROW	YES	YES	NO
CAN BE PASSED ON TO FAMILY	YES	YES	YES
OWERSHIP PERIOD	BY CHOICE	BY CHOICE	BY DEVELOPERS CHOICE
INVESTMENT ASSET	YES	YES	NO
RESALE	YES	YES	EXTREMELY DIFFICULT
DAYS OF USE	ALL YEAR	14-90 DAYS	7DAYS
TAX DEDUCTION ON LOAN	YES Please contact your accountant for complete details	YESPlease contact your accountant for complete details	NO
ASSET RETURN	YES DEPENDING ON THE REAL ESTATE MARKET	YES DEPENDING ON THE REAL ESTATE MARKET	NO DEPRECIATION OVER TIME
FINANCING	BANKS	BANKS	DEVELOPMENT COMPANY
OWNERSHIP	DEEDED	DEEDED OR SHARE	MEMBERSHIP

It is expected that sales of fractional ownership properties will now expand dramatically and this is supported by the increasing number of fractional developments on offer. Ritz-Carlton, Starwood, Hyatt and other well known names have fractional product that is selling and offering buyers resort style holiday facilities but with ownership and an element of investment potential.

When you decide to proceed with fractional ownership you own a fraction of the property, usually defined as a number of days out of 365 or weeks out of 52, and you continue to do so in perpetuity or until you sell or perhaps leave it to your family in your will.

A Few Fractional Ownership Facts

As with any association, if an owner does not pay their fees, the association can place a lien and if necessary eventually repossess the fee simple real estate interest of that owner. Any financing a lender approves on a fractional sale interest can only be secured on the borrowing owner’s specific real estate interest. A foreclosure would happen only on that fraction, there is no consequence to the other owners or their real estate interest.

Think of the group of owners as you would any group of owners in an association, such as for condominiums or a gated community. There are Rules and Regulations, management oversight, expense management and democratic voting processes. The main difference is that common expenses extend to the shared property, for example: utilities, furniture replacement and house repairs.In some cases there are 2- and 3-day gaps between fractions, and one 8-day gap. The longer 8-day gap is an annual period in early Fall left open in case of the need for more major maintenance and repairs. You can trade usage periods with other co-owners. Fractional Ownership also offers the chance to trade with other owners in the USA and the rest of the world.

The Location

Hutchinson Island Treasure Coast Florida is a barrier island full of tropical vegetation. Lounge on you balcony watching dolphins and sea turtles in the Caribbean currents that feed Hutchinson Island. Every form of entertainment is minutes away by car. Hutchinson Island is one of Florida’s jewels with 52 weeks of beautiful weather. There are miles of unspoiled and unclouded Atlantic beaches are a few yards away from the back door..

The Atlantic Ocean waterfront of Hutchinson Island provides inspiration and recreation for our human visitors, a natural habitat for marine life and a tempering influence on Hutchinson Islands unusually even climate. Considerable effort has been exerted to keep our beach habitat natural, unspoiled and accessible, and we’re sure you’ll agree its well worth it. Hutchinson Island has the near-perfect climate. The average conditions are mild and sunny in the winter and comfortably breezy in the summer. The area has an average annual temperature of 73.7 degrees between the extremes of normal winter and summer temperatures.

Information on Sea Palms

We are in the process of acquiring an Ocean Front Condo on Hutchinson Island. We will have shares available for purchase in this 1 bedroom condo in the popular Sea Palms resort condominiums.

Sea Palms Condominium is located on N. Hutchinson Island, Florida in what is commonly referred to as the Treasure Coast. We are the first condo ever erected on N. Hutchinson Island and stood alone for years until the UDT Navy Seal Museum was eventually built right next door. Today there are a total of 9 condos in a row at the southernmost tip of N. Hutchinson Island.. After experiencing hurricanes Frances, Jeanne and Wilma Sea Palms suffered the least damage in a 9 condo row on N Hutchinson Island because of our sturdy 100% poured concrete construction.

Sea Palms has a large selection of on site and nearby amenities including tennis courts, shuffleboard, heated tropical pool, beach access, private parking, snorkelling, waterskiing, surfing, biking, boating, sailing, shopping and great restaurants.

Fractional Owned 1 Bedroom Condo

We are offering 6 shares of 8 weeks of a 1 bedroom condo on the fourth floor of Sea Palms. The unit will be finished to a very high standard with marble flooring throughout. Designer fully equipped kitchen with granite countertops. A washer and dryer will be included. The living room is directly off the kitchen area. The living room will be fully furnished with Tommy Bahama styled furniture including a flat screen television with a Bose surround sound system. Wireless internet will also be available. The dining area will include a Tommy Bahama styled dining set with matching dresser. There is a small bathroom off the living room again finished with marble counter tops.

Access to the ocean front patio from the living room is through newly installed sliding glass doors. The marble tiled patio will be set up with a matching table and chair set to enjoy the beautiful ocean views.

The master bedroom has views of the ocean through the large windows. The master bedroom will be furnished with Tommy Bahama styled décor in keeping with the tropical theme. The master bathroom with granite top and dual sinks has just been recently remodelled. There is a large walk in wardrobe with marble tiled floors and ample hanging space for a large wardrobe.

The Costs

The cost per share will be in the region of $40,000 for 1 share of 8 weeks ownership per year in perpetuity. The 8 week period will be broken down into 4 two week time periods spread equally throughout the year. Each year your 2 week periods will advance by 2 weeks. Four 1 week maintenance periods will be used through out the year. Cleaning will be done to each unit after the owner has left.

The yearly fees will be divided between the 6 owners. To include management fees, association fees, insurance, taxes, and cleaning. The management company will also hold an owners fund of $6000 which will be used to cover any costs for maintenance. The owners will be responsible to top up the fund equally if any portion is used.

To Finish

You won’t find a more cost effective way to own your dream vacation home. A home that you can share with your family, friends and business associates.Your own share of a Fractional Ownership home.

For Information

Contact Ken Duncan by Telephone 305-320-6744 by email ken@yourfraction.net

Hutchinson Island . Including Hutchinson Island ocean view homes, Hutchinson Island beachfront condominium rentals and Hutchinson Island ocean front condo in Hutchinson Island, Florida.Foreclosures on Hutchinson Island.Fractional ownership homes, fractional ownership ocean front condos, fractional ownership explained, Florida fractional ownership.

About Fractional Ownership

kenduncan — Tue, 27 Oct 2009 19:26:19 +0000

Ocean Front Condo Available Please Read On

Fractional Ownership is one of the fastest growing sectors of the property market and in 2005 accounted for $1.5 billion of sales in the US alone. It provides both a legal and use structure that makes sharing a holiday property easy and brings ownership within reach of many people.

There are a number of different fractional programmes but the bottom line is that there is a carefully documented plan in place to ensure that each of the owners has absolute certainty about when they can use the home.From the outset all parties sign up to an agreement that clearly states the obligations and responsibilities of both the Owners and the Management Company.

The structure may cater for several categories of owner within a single property. For example, families with children may wish their fraction to include weeks during school holidays whereas retired couples might be keen to have ownership at quieter times of the year. Some structures may mean that you own a number of shares in a company specifically set up to own the property. You will buy an asset not a lease.

We are in the process of acquiring and Ocean Front Condo on Hutchison Island please contact us to be placed on our preferred list

YOUR RESPONSIBILITY

When you become a fractional owner, you will be responsible for your share of the running costs (insurance, utilities, etc) maintenance and replacement of furnishings.

It is really the same as owning your own house only it is yours to use for a specified period of time

Fractional ownership allows you more control of vacation property.

Fractional ownership is very common in Europe. It is now being embraced by Americans who would rather own a portion of a villa in France, or Tuscany, or Rio de Janeiro or all three, than merely vacation there once a year. It is also coming to resort areas of the U.S.

With fractional ownership, you are a co-owner of the property. In foreign fractional ownerships, you are usually a shareholder in a nonprofit business entity that includes the ownership of the property. Every investor is a co-owner in the business entity. Their percentage of shares is determined by the percentage of ownership that they are willing to finance for the property.

Assuming a property costs $1 million and there are four equal investors, each would be responsible for 25 percent of the mortgage payments, taxes, maintenance and other fees. If there is appreciation in the property, all would equally share in any profit made at the time the property is sold. Conversely, while they own the property any tax increases or fee increases will be the equal burden of all investors.

When asked about U.S. citizens getting funding for foreign properties, he explained, “We help U.S. investors secure funding for their foreign investments. Banks in Europe are very conservative. Most purchases require a 20 percent down payment. Borrowers’ financial information is thoroughly scrutinized.” He adds, “Property valuations are done by persons who have four-year college degrees in the field.”

A good contract among fractional owners is essential for the arrangement to go smoothly. We have attorneys that help fractional owners design agreements that protect all of their interests.”

People choose fractional ownership for several reasons: “They have an investment they can use for business or personal use. They can buy a more luxurious property in more high-end locales. They have control over ownership and décor. And there are no rental headaches associated with others using the property; they are all co-owners.”

For more information on fractional ownership

Please contact me at 305-320-6744

Hutchinson Island . Including Hutchinson Island ocean view homes, Hutchinson Island beachfront condominium rentals and Hutchinson Island ocean front condo in Hutchinson Island, Florida.

Estate Agents Needed To Sell Luxury Scottish Properties

kenduncan — Thu, 04 Jun 2009 21:47:32 +0000

Looking for Estate Agents to Sell Luxury European Development Homes

We have partners in Europe with exclusive developments, including The Renaissance Club at Muirfield in Scotland, Aberlady next to Gullane and Craigielaw, Buriano Italy and coming soon an exclusive offer at the Home of Golf.

We can offer a very good commission to any USA or Canadian based Realtor who would be interested in acting locally for us.

Buriano Italy: 55 stunning apartments in the Tuscan Hills

Aberlady: 3 Luxury Scottish Golf Homes being fractioned off

The Renaissance Club: 8 Luxury Golf Course Homes within a wedge shot of the fairways of Muirfield

The Renaissance Club : 1 Luxury Golf Course Fractional Ownership Home

St Andrews: To be announced

I am in constant contact with my International partners.

http://kenduncanrealtor.com/international-partners/

For professional advice and guidance regarding properties in Europe you can contact me, Ken Duncan, by

email ken@yourfraction.net

telephone me on 305-320-6744

Golfing Homes from The PGA Village Port St Lucie to The Renaissance Club Scotland

Looking for Realtors to Sell Luxury European Developments

kenduncan — Wed, 20 May 2009 12:56:16 +0000

We can offer a good commission to any USA or Canadian based Realtor who would be interested in acting locally for us.

Buriano Italy: 55 stunning apartments in the Tuscan Hills

Aberlady: 3 luxury homes being fractioned off

The Renaissance Club: 8 luxury homes

St Andrews: To be announced

I am in constant contact with my International partners.

http://kenduncanrealtor.com/international-partners/

For professional advice and guidance regarding properties in Europe you can contact me, Ken Duncan, by

email ken@yourfraction.net

telephone me on 305-320-6744

Golfing Homes from The PGA Village Port St Lucie to The Renaissance Club Scotland

Fractional Ownership A Growing Market World Wide

kenduncan — Wed, 13 May 2009 15:15:39 +0000

Fractional Ownership is one of the fastest growing sectors of the property market and in 2005 accounted for $1.5 billion of sales in the US alone. It provides both a legal and use structure that makes sharing a holiday property easy and brings ownership within reach of many people.

From the outset all parties sign up to an agreement that clearly states the obligations and responsibilities of both the Owners and the Management Company.

Some structures may mean that you own a number of shares in a company specifically set up to own the property. You will buy an asset not a lease.

Typically fractions range from 1 to 13 weeks and the programme at each property should normally reflect its location and the profile of the people to whom it will appeal.

YOUR RESPONSIBILITY
When you become a fractional owner, you will be responsible for your share of the running costs (insurance, utilities, etc) maintenance and replacement of furnishings.

It is really the same as owning your own house only it is yours to use for a specified period of time

With so many luxury properties available in the South Florida market it could be a very good idea for several people to buy one unit and fraction off the ownership.

Our partner, “Your Fraction Ltd” has been involved in this business for several years. They currently have fractions in several European countries and are looking seriously into the US market. Neil MacAllister of Your Fraction would be happy to help you with any questions you have regarding the fractional market

Contact Neil
Email: neil@yourfraction.net
Tel: 44-1620-842989

Fractional Ownership – another way of owning a luxury Florida vacation home