Tuesday, October 28, 2008

Fractional Ownership of Dallas Real Estate

By Jordan FeRoss

Do you find yourself traveling to Dallas frequently for business? Or do you have employees that travel to Dallas frequently for business? If so, then a ownership of a fractional property such as a Dallas condo, resort or even a hostel might be better than buying Dallas real estate or renting.

If you are a business traveler and you know that you will be going to Dallas to do business at certain times, like the first week in the month, then you could save money and be more comfortable buying a fractional ownership in a Dallas real estate condo development instead of staying in a hotel.

If you buy a fractional ownership of Dallas real estate then that means that you own a fractional ownership (timeshare) in the property for that specified period. This also means that you can come and go as you please without having to arrange for an early arrival or a late check in. Just think about not having to do any of the paperwork that you would need to do in a hotel. Why worry about checking for hotel availability or booking for a hotel room? No need for that with fractional ownership.

What is a fractional ownership? Well, a full HOA service condo or loft will usually come with all the services that you would expect to find in a five star hotel. Some of these services include maid service, valet parking, and laundry service, in some cases even meals or grocery shopping come with so that you don't have to lift a finger. So why not own a fractional ownership in Dallas real estate. A condo will give you all the comforts of a hotel but without headaches of staying in a hotel.

Fractional ownership is often cheaper that staying in a hotel. A Dallas real estate agent can locate such properties. They can guide you through the sale and act as the property manager relieving you of the stress of worrying about mechanical issues.

Not only can you save money as a business traveler or as an employer, you can have the added convenience of location. Often times it is difficult to find a hotel that is close to where you need to conduct business. With fractional ownership, you can chose a location that is much closer. This also saves on transportation.

Did you know that lodging is the biggest expense when it comes to business traveling? Most airlines will give businesses frequent sky miles or a travelers discount but not hotels. Most hotel prices get marked up during the week to maximize business class guest profit. That can get pricey especially if an employee stays for four or five days. So do yourself a favor and talk to a Dallas real estate agent about purchasing a fractional ownership in a Dallas condominium group if you are looking to cut down on the cost of business stay and travel to Dallas.

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