A new property type for fractional ownership listings, commonly referred to as timeshares will go live on the SFARMLS on September 4. Fractional ownership or timeshare listings are properties in which multiple parties possess rights to use the property, and each owner is allotted a period of time that they may use or occupy the property. Fractional-timeshare listings will include fields that allow listing agents to indicate the percentage interest being sold and the period of time that a purchaser is entitled to use the property.
A fractional-timeshare listing could be appropriate for any type of property but is most commonly found with condominiums. The fractional-timeshare designation refers to the time-limited nature of the ownership. It should not be confused with the fractional financing available for tenancies-in-common.