Laguna Shores Increases Focus to Fractional Shares
The Rocky Point, Mexico real estate market is starting to turn around, but pricing is still lagging well below the cost to construct real estate so Laguna Shores Master Planned Oceanfront Resort Community has increased its focus on selling condos (and eventually homes) in fractions of ownership that will meet more buyers’ needs.
Many buyers, in this current market, do not want, or cannot afford to purchase a condo or home which comes with HOA fees as well as maintenance and repairs. No longer can buyers purchase real estate in Puerto Peñasco with the hopes of their rental earnings covering their second or third mortgage. This, among other reasons, is why fractional sales are on the rise. Purchasing a fractional can be a smarter way for vacationers to own property in their favorite vacation spot on the Sea of Cortez – Rocky Point!
Fractional ownership is not a timeshare. When purchasing a timeshare or fractional you are purchasing a specified amount of time, but with a timeshare you do not own real property and with a fractional you do. Fractionals have much better resale value as you own the share of the property for life instead of renting it for a term, as in the case of Laguna Shores. Your fractional unit can be traded for other vacation property just like a timeshare. Fractionals are a better investment in the long run and you can purchase as much or as little time as you want to own. Fractional ownership can start at one weekend a year or you can purchase 6-weeks or more a year. The more time you purchase the better price you receive and, here at Laguna Shores Oceanfront Resort, you can choose from a variety of properties that are being sold as fractionals from one-bedroom to three-bedroom condominiums and eventually homes will be available as well.
If you or someone you know would like to learn more about our fractional units for sale, please give us a call and we will arrange for you to be our guest and take a tour of our fractional units. Ask about our Introduction Stay offer at Laguna Shores Oceanfront Resort. Give our office a call at 1-800-513-1426 to learn how you can be our guest and learn about our fractional units. Or if you know you want to purchase a fractional, give us a call and we’ll set you up with accommodations and get you in touch with one of our experienced salesmen: Jim, Art, Keith and Paul. If you are looking to purchase a lot, condo or home, please contact Wayne Corcoran, Broker for our Resales Division at 1-800-513-1426 ext. 3 or his U.S. cellular phone at 480-370-1523.