CONSULTING • MARKETING
PROJECT MANAGEMENT
Dwell Napa Valley LLC specializes in consulting, marketing, and project management of fractional interest residences, vineyards, and wineries. Owning a second home, a vineyard, or a winery has always been a measure of achievement. To have a place in the mountains, at the beach or in Wine Country is an enviable asset. However, volatile prices, the burden of on going maintenance and a possible slow down in the pace of future appreciation has led some buyers to rethink the logic of owning second homes and/or acquiring the much coveted ownership of a vineyard or winery property.
One of the best alternatives seems to be fractional ownership, which is greatly outpacing the overall market. And for good reason! Most people have neither the time nor the resources to use their second homes for enough time to justify the total cost of purchasing and maintaining the property. And most buyers or investors would prefer to share the ownership risks of acquiring a vineyard or a winery during our current 2008 market conditions. This extraordinary marketplace presents an ideal time for low risk investors to pencil out a fractional ownership opportunity. Napa Valley is in a magical time where a residence can be purchased for a price that the rent will pay the mortgage and vineyard/winery properties can be acquired with unprecedented participation from Sellers.
Shared-ownership (fractional) industry sales
volume was up 9 percent in 2007.
PRIVATE FRACTIONAL OWNERSHIP
A Sense of Place • Pride in Ownership
Dwell Napa Valley LLC clients are prospective buyers, sellers, and brokers of exclusive private offerings, usually limited to five or fewer interests. The restricted number of ownership interests associated with each property supports a sense of place, a connection with the community and a true pride of ownership.
Fractional ownership is a recorded and undivided deeded interest in a property, providing all the benefits and privileges of second home or investment property ownership. The property is typically professionally managed, relieving owners of the costly burden and responsibility of care and maintenance upkeep. Fractional ownership is an insured property interest with legal and financial separation between owners.
Fractional interest private co-ownership title is evidenced by a fee simple deed, recorded and guaranteed by a title insurance policy. Like any other form of real estate, the owner's undivided deeded interest can be sold or transferred by the owner, or sold by a licensed real estate Broker.
NOT a TIME SHARE or CONDO-HOTEL
NOT a DESTINATION CLUB
Fractional property ownership has been in use for more than 20 years. According to CNN Money, fractional ownership became a fast growing segment of vacation home ownership in ski destination areas of Utah over 10 years ago. Like other desirable destination areas, expensive homes were under-utilized, costing property owners significant sums of money for only a few weeks or months of use.
Today fractional ownership is a popular and widely accepted form of property ownership in Tahoe and most Colorado ski destinations. CNN Money reported in 2006 that more than half of all real estate sales in Aspen, Colorado involved fractional ownerships. Fractional ownership is one of the fastest growing forms of second home ownership. Colorado ranks first among the destinations in the United States, followed by Florida, Hawaii, California and Nevada.
Fractional ownership is an investment in a property's potential increase in value, offering equity participation in appreciation. Unlike a traditional time share where approximately 50% of the value goes to marketing, commissions, promotions, give-a-ways and other fees and expenses; the costs to sell and advertise fractional ownership interests are significantly less. For these and other reasons, traditional time shares typically decrease in value while fractional ownership interests usually appreciate.
In 2002, the IRS ruled TIC fractional interests could be used as a replacement property in a 1031 Exchange; allowing people to buy and sell interests in vacation homes as investment properties as well as second homes.
Prospective buyers and sellers are encouraged to consult with and engage qualified tax advisors and seek legal advice pertaining to fractional ownership for personal, business, and/or investment purposes and/or IRS 1031 tax deferred exchange qualifications and/or second home expense deductions that may apply to each individual's specific state of affairs.
OWNERSHIP and CONTROL
Ownership and control are two factors separating private fractional ownership interests from time shares and destination clubs. Dwell Napa Valley LLC specializes in structuring, coordinating, and facilitating private fractional offerings, usually limited to five or fewer owners, affording the maximum benefit of control.
A Private Residence Club (different from a Destination Club) is a form of fractional ownership whereby an owner generally has minimal control of fees, "over servicing", and other costs set at the discretion of management. Private Residence Club owners do not typically own and occupancy a specific residence; owners are assigned to any of the variety of different residences located on the property, subject to change with each occupancy period. The Dwell Napa Valley fractional ownership model is different than the Private Residence Club or Destination Club structure. Each property is unique and so are individual Buyers and Sellers. Dwell Napa Valley LLC coordinates objective evaluations on a case by case basis. Services are available to assist property owners in evaluating the sale of their property structured as fractional ownership. Similarly, each potential buyer and/or investor’s interest is analyzed to determine which properties may fulfill their needs and meet the individual requirements.
Dwell Wine Country
PROPERTIES for LEASE
Enjoying amenities is an art! Dwell Napa Valley LLC currently markets and coordinates access to select properties for lease in Napa Valley and the surrounding wine country. Personalization in leasing is taken to a new level. Dwell Wine Country properties offer optional concierge services, including private chefs, exclusive winery experiences and chauffeured itineraries. This introduction to the allure of the wine country life style is offered as a convenience to individuals and businesses who may be contemplating fractional ownership of a private residence, vineyard, or winery. Please inquire and let us know about your interests.
CONSULTATION • EVALUATION • ACQUISITION
PROJECT MANAGEMENT VINEYARDS & WINERIES
Private fractional ownership is an invitation to live the allure of the Napa Valley!
Dwell Napa Valley LLC offers consulting services to help clients evaluate private fractional ownership in the acquisition or sale of vineyard or winery property. Fractional ownership can be an intelligent, practical form of ownership for as few as two or as many as ten owners. Qualified properties currently offered in the market place as an entirety may be acquired via a private co-ownership assemblage, coordinated and facilitated by Dwell Napa Valley LLC.
Private fractional ownership allows the buyer and/or seller to tailor the purchase or sale to meet the individual's desired needs for time (usage) and space (size). The possibilities are limitless. We look forward to the privilege of meeting with you and rediscovering property ownership in the Napa Valley and surrounding wine country.
If your property is currently listed Dwell Napa Valley LLC is not attempting to solicit Brokers’ listings. Dwell Napa Valley LLC offers fractional interest marketing programs and project management for qualified properties in cooperation with Listing Brokers and interested Sellers. Please have your Broker contact us directly for more information.