Timeshare? Quartershare? What’s the difference? They’re both considered fractional ownership. Both allow you to purchase a portion – or “fraction” – of a vacation home – usually at a significant savings compared to whole ownership.
Timeshare resorts sell you one week of ownership per year.
With quartershare you own one week per month in a property for a total of 13 weeks of ownership per year. Quartershare is deeded property, so it can be resold or deeded to your heirs.
Here in Waterville Valley, Mountain Sun condominiums are the only quartershare property. Waterville Valley Realty has a small selection of units for sale at Mountain Sun, and they’re priced very reasonably compared to quartershare resorts in other parts of the country (asking prices for Mountain Sun resales range from $29,000 to $35,000), and they’re BIG with over 1,600 square feet of living space in a townhouse design! These are one of THE BEST DEALS IN WATERVILLE VALLEY!
Learn more about quartershare with this handy guide
Mountain Sun Quarters
Use It! Rent It! Exchange It!
Purchasers of mountain resort real estate are often looking for a good value, a share in potential appreciation, and convenience. Mountain Sun Quarters offers buyers all of that and more.
Mountain Sun Quarters is comprised of just 14 townhouse units that are owned as quartershare by 56 owners. For a fraction of the cost of whole ownership, you can enjoy deeded ownership to a fully furnished, equipped, and maintained Mountain Sun Quarters townhouse with a spacious 1,600 sq. ft. of living space, 3+ bedrooms, 2.5 baths, permanent storage areas so you don’t have to haul your stuff back and forth, and tasteful interior appointments.
The unique quarter-ownership concept has made vacation home ownership a real estate phenomenon at some of the best-known vacation spots in the world. Quarter ownership is an economical way to own a turnkey vacation property without the expense and effort of managing a second home.
What is Quarter Ownership?
When you purchase at Mountain Sun Quarters, you own a fee simple deeded condominium for usage every fourth week – forever – for 13 weeks each year. Each owner gets his or her own title just for his or her legal quarter interest. They can put a mortgage on it, pay their mortgage off, or sell without having to deal with other owners.
Will I own the same 13 weeks each year?
Weeks are on a pre-determined schedule, and on a rotating basis, so each owner gets an equal share of all holidays, summer and winter. For example, the first year you may have the first week of each month. The second year, you may have the second week, etc. No single interval quarter has an advantage over the others.
What is the difference between Quarter Ownership and Timeshare?
The concept of quarter ownership uses the best aspects of fractional ownership – vacation exchange and ease of ownership – and combines them with the best aspects of second home ownership, such as tax benefits and a legally-deeded property.
How do Quarter owners use their 13 weeks per year?
Owners can benefit from each week of ownership in four different ways.
- Use your Mountain Sun Quarters unit for any or all of your ownership weeks, sharing with family and friends.
- Participate in the optional rental program.
- Exchange your week(s) into the optional Resort Condominiums International (RCI) program and vacation around the world.
What is RCI?
Resort Condominiums International (RCI) is the world’s largest vacation time exchange company. With more than 3 million families banking time at over 3,400 resorts worldwide, RCI can use your week(s) at Mountain Sun Quarters to acquire lodging around the world at a fraction of the cost of a week’s stay in a fully-furnished condominium. And, because the Mountain Sun Quarters units are large 3+ bedrooms, 2.5 baths townhouses, you can exchange your time for the best properties that RCI has to offer. For more information about RCI, log onto their website at www.rci.com.
What if other owners, guests or renters damage my unit?
Because there is weekly housekeeping service, a physical inventory and inspection of your property is taken regularly. If anything is broken or missing, it is replace or repaired immediately.
How are ownership expenses handled?
An experienced property management company maintains Mountain Sun Quarters and ensures hassle-free ownership. Each owner pays quarterly dues allocated towards all expenses of ownership, excluding only your yearly membership fee to RCI, if you choose to participate in that program. Your fees cover all interior and exterior maintenance, utilities, phone, housekeeping, equipment, taxes, health club, insurance, replacement fund and capital reserve.