Own a luxury 4 bedroom, 4 baths Oceanfront Condo at Crescent Shores at a fraction of whole ownership price with a Golf Club Membership included.
Contact Information:
Phone: (888)
280 5743 Toll free
Phone: Or call one of our representatives Hugh Bell directly at (803) 237-3106
Website: www.ownersquarters.com
Email: info@ownersquarters.com
This is not a Timeshare and we offer Favorable Financing!
What is Owner's Quarters & Why Fractional Ownership?
How is this different from a Timeshare?
What makes this different from a Partnership?
Do I receive a deed for my home in the Owners Quarters?
Who controls the Owners Quarters Property Owners Association?
What is the significance of the property being a “Registered Fractional Ownership Plan"?
How is the different from a Timeshare?
One very obvious difference is in the marketing and total costs of a fractional ownership plan and typical timeshare developers. They use a margin of around 72% for marketing, administration costs, commissions and profit. We work off of a total mark-up of less than 20%. Another obvious difference is the villa itself. Crescent Shores is made up of 216 individually owned condominiums. The standard timeshare villa is much smaller in size, Crescent Shores 1003 is over 2,100 square feet in size … 4 bedrooms & 4 baths. It’s a full size second home. Another very important difference is the fact that each Owners Quarters Board of Directors may make changes as to the operation and on-going management of any Owner Quarters villa and even hire a new management company with only 7 votes. Timeshare properties require thousands of votes in order to make any kind of change at all, putting the initial management company in control of your property and subject to uncontrollable increases and changes. You are at the mercy of whatever “they” mandate. It is very difficult, in fact, almost impossible, to make any changes after you close on a timeshare purchase. Owners Quarters gives the 13 owners in each individual unit the power to change anything they want to change with a simple majority vote.
What makes this different from a Partnership?
There are many differences in deeded undivided interests and partnerships; the most obvious is the liability issue. In a General Partnership, Partners are jointly and severally liable for the villa. For instance, should a partner wish to have financing on his/her villa then the other partners must agree to be jointly and severally liable for his loan. This is always an issue, and as a result most partnerships are made of up cash purchasers, thus limiting the number of available purchasers in the marketplace. Because of the structure of the Owners Quarters, should individuals finance their undivided interests, the bank may treat this 1/13th interest as it would the owners primary home. Only the individual owner is liable for the loan using our financing. We have great financing in place at very competitive rates. We also give a substantial discount for cash.
Do I receive a deed for my home in the Owners Quarters?
Yes. At closing you will receive a General Warranty Deed for a 1/13th undivided interest in your Owners Quarters condominium. This deed is recorded and guaranteed by a title insurance policy. Your Ownership may be sold, willed, traded or given to anyone you choose … it’s just like your ownership in your primary home.
Who controls the Owners Quarters Property Owners Association?
Each Owners Quarters unit will elect a Board of Directors from its group of owners. This board will establish budgets and fees on an annual basis to be adopted, by vote, by the owners. This way … you control everything by a majority vote.
What is the significance of the property being a “Registered Fractional Ownership Plan"?
The State Registration is important in many ways. The rationale behind the registration process is to protect the public (owners) from any illegal activities or from unscrupulous developers or “sellers”. It requires that the property is developed with sound agreements and time tested process’s in place. It presents a solid formation for the owners to have in place to assure them that their resort property is being maintained properly. The sale of Registered Vacation Multiple Ownership Plans is governed by the Real Estate Commission and subject to their appropriate laws and regulations. Also … Registered Vacation Multiple Ownership Plans can only be sold by licensed Real Estate professionals or owners.
Contact Information:
Phone: (888)
280 5743
Phone: Or call one of our representative Hugh Bell directly at (803) 237-3106
Website: www.ownersquarters.com
Email: info@ownersquarters.com