Real Estate • Muskoka • Huntsville • Lake of Bays • Near North • Homes & Cottages • Burk's Falls • Almaguin Highlands • Magnetawan • Ontario Real Estate
ROYAL LePAGE Lakes of Muskoka, BROKERAGE
Sellers looking for buyers
If you are a property owner in cottage country and are thinking of placing it on the market, we have an inventory of potential buyers. Perhaps your property is just right for at least one of them. Contact us for a no obligation opinion of value and a custom marketing plan for your property.
Royal LePage Lakes of Muskoka is the largest real estate firm in cottage country with a network of 9 offices and 120 + sales representatives with valuable historical sales data. Our size and experience enables us to provide a comprehensive and powerful marketing effort for our clients.
We work, play, live and enjoy all that cottage country has to offer. We pride ourselves in finding suitable buyers that want to enjoy at least some of the same benefits of cottage country as we do.
Fractional Ownership
Fractional Ownership has had amazing growth (and media coverage) in large vacation resort developments. Now this concept is being applied to private detached cottages. The benefits of this choice of private cottage sharing is proving so compelling that many families that could easily afford their own vacation home or cottage are opting for a “fraction” of one instead. Also, as may be expected more people who currently own their cottage outright are considering the sharing of some of their interests in their cottage to lighten the ever increasing costs and management load….and still use it as often as they ever did. The alternate choice of renting out the portion of the year that they were unable to use it has proven to be more trouble than it was worth.
An example of such an arrangement would be;
A cottage that may sell for $500,000.00 may be offered with five 10 week shares (fractions) for $110,000.00 each, and less than $2000.00 total annual fees. ($28.00 per day). Typically, each of the five owners would be entitled to 2 weeks in each of the spring, summer and fall seasons and 4 weeks during the winter season.
Contact Alex for more information on this exciting new concept. He has personal experience in shared ownership and can offer help that could benefit both buyers and sellers.
