INTERVAL OWNERSHIP UPDATE IN THE LONG BEACH ISLAND REAL ESTATE MARKET

Dated: 05/02/2014

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INTERVAL OWNERSHIP IN THE LBI REAL ESTATE MARKET


Interval Ownership on Long Beach Island

Interval ownership is a very unique form of owning a property on Long Beach Island. It is a hybrid between a timeshare and a condo and offers some great opportunities but also some downsides to be aware of. A property that is sold as interval ownership will typically have 10 separate owners, each with an equal share in the property. In this way, it is very similar to a timeshare. Unlike a timeshare, each owner is issued a deed to the property, much as if they bought a condo. Interval ownership offers an affordable way to purchase a home on Long Beach Island and be able to use the property during the summer months.Click here to search all homes for sale in the Long Beach Island NJ real estate market

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