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Press ReleaseFractional Vacation Home Guide LaunchedBURLINGTON, Vt., March 7, 2005 -- The new website http://www.LuxuryFractionalGuide.com is a comprehensive resource for consumers interested in understanding fractional ownership and locating fractional vacation properties. Consumers can read articles on how to shop for a fractional property and get their questions personally answered. The site provides detailed information on over 170 properties worldwide, including Private Residence Clubs and other high-end developments. It also has listings for fractional jet and yacht programs.Despite the rapid increase in fractional real estate developments (over 100 have been started since 1999), it has been difficult for consumers to locate these specialized properties - real estate brokers rarely provide listings and online searches produce only a handful of results. Luxury Fractional Guide (LFG) provides a much-needed service, offering a central location where people can find virtually all fractional properties. The property listings may be sorted by category (Golf, Ski, Water and Metropolitan) and by region (U.S. East, U.S. West, Canada, Mexico, Islands and Overseas). Each listing includes information about the type of fraction offered, pricing and amenities, as well as specific details about the golf, ski or waterfront facilities offered. There is also a live link to each property's own website so consumers can do further research on their own. The site is the brainchild of Sherman Potvin, a fractional consultant who has been involved in the fractional industry since its start in the early '90s. "Fractional ownership makes a lot of sense for a lot of people," says Potvin, "But it is still a relatively new concept, and people are in need of reliable information. The goal of LFG is to empower consumers, enabling them to locate properties, ask intelligent questions and make informed decisions." Fractional ownership allows people to purchase a deeded share of a vacation residence in a prime location. They get the amount of time they desire (usually 4 to 12 weeks a year), without the hassles of cleaning and upkeep that a second home requires. The residences provide the amenities of a vacation home - such as fully equipped kitchens, roomy closets and sports equipment storage - combined with the benefits of a hotel, such as restaurants, fitness facilities, concierge and housekeeping services. Depending on the design of the property, residences may be hotel suites, cottages, townhouses or single-family homes. Prices range from $40,000 to more than $1 million, depending on the location, number of weeks, number of bedrooms and level of luxury. Fractional real estate is one of the fastest-growing segments of the real estate industry. According to Ragatz Associates, a leading market researcher in the leisure travel industry, fractional sales topped $500 million in 2003 - up 40% from 2002. Contact: Josh Potvin 802-326-3177 jpotvin@lfguide.com |
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