Archive for April, 2016

Charter Vs. Fractional

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Azimut Saveene

CHARTER AND FRACTIONAL OWNERSHIP BOTH HAVE MADE THE WORLD OF YACHTING MORE ACCESSIBLE, BUT WHICH IS RIGHT FOR YOU?

Charter and fractional ownership offer the yachting lifestyle at a fraction of the cost of ownership.

Why is your option the best?

Saveene Group has engineered a unique and inexpensive way to own a piece of paradise and your own luxury yacht for a fraction of what you may think this lap of luxury costs. Unlike our competitors our contracts are perpetual. We use brand new or fairly new yachts and replace them every few years with our CAP program! You can use the yacht for few years, and then resell your fractional week as our contracts are continual and investment grade.

Fractional Ownership is not as new as one may assume. The concept was actually introduced years ago for corporate jets. Fractional ownership then moved its way into luxury yachts, vacation properties, expensive automobiles, recreational vehicles and other tamable assets. We are very excited to be on the leading edge of an amazing and proven concept that is here to stay! We are the pioneers and engineers of our perpetual patent pending Club Adjustable Fractional Ownership (CAP).

Fractional yacht ownership allows owners to get all of the pleasures of chartering, plus all of the benefits of sole ownership at a fraction of the cost.

In yacht chartering, such as renting, you are paying for/off someone else’s asset; with fractional yacht ownership you are paying for/off your own asset. I

t’s ownership vs. renting in a nut shell.

What do you see as the biggest advantages of charter? What are the drawbacks?

With charter, there are hundreds of yachts to choose from. If there is a drawback, it could be that when a charter guest becomes attached to a specific yacht and its crew because of the great service they provide, that he/she may be disappointed if the boat sells and the crew changes. A great charter also takes a bit of pre-planning and diligent work with a charter agent before the trip to ensure that their vacation exceeds their expectations.

What are the biggest advantages of fractional ownership? What are the drawbacks?

The biggest advantage of fractional ownership is that you own the yacht of your choice for a fraction of the cost with absolutely no headaches and hassles of management responsibility and receive the residual upon the resale. The only drawback we have encountered thus far in the program is our owners don’t want to leave their yacht when their scheduled time is up.

Learn more at www.saveene.com

The Best Fractional Ownership Model

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Saveene is a fractional yacht agent

 We sell fractions of the yacht (weekly use) from 2% to 90%

 We offer full turn key and management

 From 6 month consifgnments. You maintain full rights and ownership until you are fully paid up!

 All fractional sales and monies paid in escrow and held until
closing day
http://saveene.com

Comparison of Whole Ownership to Fractional Ownership

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People interested in purchasing a vacation home no longer have to go the traditional route. Now many options exist, including shared or fractional ownership that costs less, includes numerous amenities and doesn’t involve the hassles of home maintenance. Here’s a comparison of whole ownership versus fractional ownership:

Whole Ownership

  • The appeal: Whole ownership is what people are most familiar with. After all, it’s how they bought their primary home and probably how their parents did as well.
  • Value: Since real estate has traditionally appreciated over time, purchasing a vacation home can be justified as not only recreational expense but also as an investment.
  • Who’s buying: Lots of middle-income baby boomers who want to spend frequent weekends or all summer with their families in a particular spot. The average buyer is 47 years old with annual income of about $80,000.
  • Current market: Demand for second homes is booming after an economy-induced slowdown during recent years. Buyers last year snapped up an estimated 445,000 second homes, far eclipsing the previous high of 377,000 in 1999, according to the National Association of Realtors.
  • What you get: Full ownership of a home, and all the inherent perks and hassles: You don’t have to share your property and you can go anytime you want, but you do have to deal with all the leaks and tax bills.
  • Locations: On average, a second home used for vacation tends to be about 185 miles from an owner’s primary residence. Locations typically relate to some sort of recreational preference – beach, golf, ski slope or theme park.
  • Price: Average prices for a second home are estimated at between $190,000 and $200,000, according to the National Association of Realtors. The hottest markets are pricier, of course. Median prices in Aspen and Palm Beach, Fla., are north of $1 million according to EscapeHomes.com. In Kiawah Island, S.C., prices are nearly $800,000.
  • Resale: Because demand is strong and supply constrained, second-home prices have been moving up faster than prices for primary residences, particularly in traditional vacation markets.

Fractional Ownership

  • The appeal: Fractional ownership essentially lowers the cost of access: Why buy a mountainside villa in Aspen for $3 million that you use just a few weeks a year, when for about $500,000 you can own a piece of similar property? Fractionals allow your costs to more closely correspond to your actual usage of the home.
  • Value: Fractionals are not timeshares, which have a fairly sordid reputation since buyers have sometimes faced big losses when selling or been unable to resell at all. By contrast, fractional resale prices so far have tracked local real-estate prices more closely. That’s because they are located in sought-after communities where demand remains high, and it can cost millions of dollars to buy a similar property via whole ownership.
  • Who’s buying: People who want the cachet of a second home with luxury amenities and services, and who don’t want the expense and hassle of full ownership.
  • What you get: Essentially, you own a slice of a particular piece of real estate, giving access to a home for anywhere from one month to 13 weeks annually. The weeks you use the home can vary from year to year. T
  • Bonus: Like timeshares of old, fractionals often let owners exchange time at their resort for time at another property located in a different destination. These properties are always of comparable quality to the one owned.
  • Locations: Most fractionals are found in exclusive U.S. markets where whole ownership is so costly as to be prohibitive for most buyers. Examples are Aspen, Colorado; St. Thomas, Virgin Islands; and Jackson Hole, Wyoming.
  • Price: Prices range from $58,500 for a studio at the Marriott Grand Residence in Lake Tahoe, Nevada, to more than $1.5 million at a new development Starwood Hotels & Resorts Worldwide, Inc. is building in Aspen.
  • Resale: The resale market is nascent. Because these fractionals are more like upscale real estate than timeshares, their value tends to move with local real estate. A survey by Ragatz Associates, a resort-industry consulting firm, suggests that resales are getting 10% to 30% more than the original price.