Message from the Founder

I had friend in Colorado a few years ago who bought a fraction of a condo that was part of an exclusive residence club.  I think you know what a residence club is.  It’s where you have deeded ownership in what is essentially an astounding and magnificent hotel room and lots of grandiose amenities to go with it.  Well, anyway he told me what he paid for it.  Another friend of mine, also in Colorado, a licensed appraiser, pulled some comparables on location and square footage for the real estate only and calculated that my friend surely paid for his fraction 60% to 75% above what would otherwise have been the traditional appraised value of the fraction he purchased.

60% to 75%!  Do you think he will ever recover that?  I don’t think so.  What good is that kind of real estate if you can’t actually treat it like an investment?  He didn’t buy real estate.  He bought a very expensive vacation.

So, check out the prices on the properties in our ever-growing database.  Those prices are inclusive of all seller costs, all real estate commissions and all professional fees.  We believe that fractional ownership should truly offer all the upside potential of equity and appreciation.

Mark Chesney
Founder of GrandShare