By Marcia Jedd, FrontDoor.com | Published: 8/04/2008
In addition to single-family homes, townhomes and traditional condominiums, experts say to tread cautiously with alternative ownership forms of vacation homes such as fractional ownership, vacation clubs, time shares and condo hotels.
Resale values on certain types of cooperative-ownership properties may not hold up over time and selling these properties can be a burden. "Resale values on fractional ownership properties are usually higher than time shares because very few timeshares are actually deeded ownership," Krinke says.
Financing is easiest around single-family homes, Krinke says. "Multifamily dwellings, townhomes and particularly condos, can be difficult to arrange financing for."
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