On Saturday July 14th, 11:00am-1:00pm a special Preview Day will be held for two luxury properties in South Lake Tahoe.
South Lake Tahoe, CA (PRWEB) July 4, 2007 -- For the first time in South Lake Tahoe, luxury single family homes are accessible through shared home ownership and it won't break the bank. On Saturday July 14th, 11:00am-1:00pm a special Preview Day will be held for the two properties currently in release. The Release Party is scheduled Thursday July 19th at 6:00pm, 2600 East Bidwell Street, Suite 200, Folsom for the 12 remaining deeded shares. Reservations are being taken for a limited number of participants by calling 916-988-5858.
Although shared home ownership is not a new concept to many resort communities including the well-publicized Old Greenwood and a few private individuals in Truckee and North Lake Tahoe, this is a first for South Lake Tahoe. And with statistics still showing that appreciation rates in Tahoe continue to far outpace the national and statewide averages, shared home ownership is a much-needed option for individuals and families to enjoy all that Tahoe has to offer.
MWS Fractional Real Estate Consultants, LLC located in South Lake Tahoe have two properties available on the south shore for $299,000 per share and anticipate adding more homes in the next few months. Both homes are custom-designed and built with gourmet kitchens, custom cabinetry, hand-scraped flooring, travertine, and use of granite – all staples for luxury homebuilding.
While the concept of sharing a home may seem awkward to some, each homes' attention to designer detail make a once important obstacle into an insignificant afterthought. These details include bath essentials, decorative pillows, mountain artwork, kitchen spices, throw blankets and personal storage lockers for all your outdoor activities such as ski equipment, or mountain bikes.
“Sure, shared home ownership is an obvious option for the price conscious in a traditionally high-priced market. However, we want to provide a level of elegance, luxury and, most important, comfort that will attract not only those vying for their piece of Tahoe, but also the discriminating owner who wants all the benefits of real estate ownership without the inconveniences or hassles of maintaining a second home,” says MWS partner, Jeff Simms.
Shared home ownership offers the buyer, deeded, undivided interest in real estate. This means you may keep your share for use, deed it to your children or sell your share. The key to this type of ownership is that you own a luxury home with only a fraction of the responsibility and additional costs associated with home ownership. Another benefit for the pocket book beyond equity is that you are only taxed on your share value verses the true value of the home. This can represent thousands of dollars annual tax savings.
Another reason shared ownership is becoming a more popular option is the increasing awareness amongst vacation homeowners of how seldom they actually use their properties. Recent research indicates that average vacation homeowners only use those homes 17-29 days annually. Yet, that owner is responsible for the worry, tax, security, maintenance and management for that home year-round.
The homes currently available through MWS offer six to more than eight weeks of use per year with a rotating use pattern enabling owners more flexibility to enjoy their favorite Tahoe season. Additionally, each home is cared for by a local and well-established property management group with services including maintenance, housecleaning and scheduling.
Cyndi Romano, Mortgage Planning Consultant with MWS's in-house lending partner, Masters Team Mortgage in Folsom explains that “We are uniquely positioned to assist clients with the loan process including, use of existing equity lines and 1031 exchanges." "We have formed an alliance with two of the countries leading fractional lenders to provide homebuyers with streamlined financing options,” adds Aaron Marchand, Mortgage Planning Consultant also with Masters Team. These second home purchases are for well-qualified buyers.
Smart investors see shared home ownership as an ideal alternative to traditional vacation real estate ownership. They realize a vacation represents a few weeks out of the year and don't want to pay any more than necessary to enjoy.
Shared home owners also want value, equity, tax savings and other benefits of second-home ownership. Shared home ownership provides just that.
Reservations and deposits are currently being accepted. For more information, visit MWS Fractional Real Estate Consultants Web site at
www.laketahoerealestate.homestead.com or contact Jeff Simms directly at (530) 903-9402.
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Press Contact: Jeff Simms
Company Name: MWS Fractional Real Estate
Email: Email Us Here:
http://www.prweb.com/emailmember.php?prid=537718Phone: 1-530-903-9402
Website:
www.laketahoerealestate.homestead.com/Press Release Source: EMediaWire
