Fractional Ownership division for Remax
Botha to spearhead groundbreaking RE/MAX division
In what is a first for the world’s largest property franchise group, RE/MAX Independent has launched a division entirely devoted to fractional ownership. Headed by Jean Botha, the division’s inception follows on the back of the concept of fractional ownership taking the world by storm.
Botha is no stranger to the RE/MAX brand: eight years back, he became the first franchise holder of RE/MAX Bay in Port Elizabeth, followed by RE/MAX Algoa shortly thereafter. After selling these franchises, Botha spent the past two years specialising in marketing fractional ownership properties for the Kat Leisure Group’s flagship “Destination Golf” developments, which included the Simola Country Golf Estate and Katberg Eco golf estate.
In August this year, Botha was invited as a speaker to the Annual Fractional Ownership Conference held in Cape Town as a direct result of the vast knowledge he has gained in this particular field of property investment.
According to Kobie Potgieter, RE/MAX Independent and Walmer Franchise Owner, increasing demand for fractional ownership resulted in the decision to appoint Botha. “We identified the need amongst investors to deal with an expert in the field of fractional ownership and Botha not only has extensive experience in real estate, but nationally he is one of the most knowledgeable consultants in this type of ownership,” she says.
According to Botha, investors are increasingly warming up to the concept of purchasing a share of a luxury property as affordability has curbed consumer spending greatly. He explains:
“Fractional Ownership allows buyers to continue, despite tough economic times, to buy into a Five Star residence which gives them exclusive use of the property on a rotating or fixed basis for a number of weeks per year. The advantage is multi-folded: firstly, it places luxury properties within reach of a broader spectrum buyers, the property never stands empty as different owners use it throughout the year and owners are also allowed to rent out their allocated time if they do not use it themselves.”
Another advantage, says Botha, is that owners share the running costs such as maintenance and rates and taxes. “To top it all, owners receive the benefit of capital growth in the value of their share of the property.”
He warns that potential buyers should not confuse fractional ownership with timeshare. With time-share, he says, buyers purchase a vacation: with fractional ownership, buyers own a share of a property itself.
As for his appointment at RE/MAX Independent, Botha says it is a privilege to be back in the RE/MAX family.
Botha, said that it will be the first time in the history of Remax International and National that a fractional ownership forms a division under the auspices of the Remax Office, “ This is only the beginning, I anticipate that we will open the first Remax Fractional Franchise Office in the near future, which will be a first for the South African Region.”
We are launching a fractional ownership website in due course, and also joining the fractional ownership web site.
You may also find these articles useful:
Fractional Ownership News.
- The future of the Fractional Ownership market in South Africa is being shaped by consumer demands
- Invest in prime 'bricks & mortar' holiday homes at a fraction of the price of whole ownership
- Pam Golding explains 'affordability' of fractional ownership when considering a vacation ownership purchase
- Resort developers around the world are re-looking at multi use developments
- SA proving to be a serious role player in global vacation ownership market
- 2012 will see a new Four Seasons Hotels & Resorts and Walt Disney World in Florida
- DJ Syndico goes offshore
- HICA extends 2009 awards nominations
- Halogen Guides reviews your vacation ownership purchase options
- 2010 soccer, safaris, surgery and sensational scenery - everyone is making tracks for South Africa!
- Experts set the scene for the vacation ownership market in 2009 & beyond
- As many as 30 % interested in purchasing some form of vacation ownership
- Consumer protection top of the agenda at recent VOASA conference 2009
- VOASA explains the benefits purchasing from one of its members
- Interval International adds Accor vacation club freshwater point resort broadbeach
- Domina Golf & Ski Tarviso joins Interval International
- VOASA Service Excellence award for 2009 goes to fractionalownership.co.za
- Benifits of fractional ownership simplified
- Why you shoud consider Fractional Ownership now?
- The Fractional and Shared Ownership Trade Association launch in the UK
- South Africa visited by top US investment advisor
- The rich want show-stoppingly beautiful and luxurious real estate
- Own a fraction in a luxurious yacht at a fraction of the price
- 2008 Fractional Ownership conference - booking desk now open
- The rich and famous are flocking to own their share of Morroco's fractional residences
- Vacation around the world with Pam Golding Fractional Ownership
- Meet the Fractional consumer
- Erwin Rode the Forecaster
- Taking down fences - Mokolo Nature Reserve and 'Ka'Ingo private game reserve become The Greater Mokolo Nature Reserve.
- European Fractional Ownership market - first study commissioned
- Pam Golding offers fractions at Horizon Bay, Blouberg, Cape Town
- Fractional Ownership in SA has taken off
- Algarve in Portugal attracting buyers from Ireland
- Destination Clubs & Fractionals - the options
- Simola Golf Estate: the jewel of South Africa’s golf, leisure and residential estates.
- JWT rate Fractional Ownership as a top trend to watch in 2008
- More golf estates attract fractional real estate as 'The new kid on the block'
- 3rd Annual Hotel Investment conference - top notch speakers confirmend
- Seeff offers its investors exchange options at 900 luxury holiday homes in 30 resorts in 12 countries!”
- VAT payable on Fractional Ownership transactions
- HICA to reward 'Innovation & Excellence' in Hospitality
- Forbes.com - How less money can still buy you 'The Good Life'
- Membership criteria for SAAFI revised
- E-Marketing - how to get the most bang for your bucks!
- Get the most from your investment with your fractional ownership holiday home
- Expert tips for selling top end vacation ownership to the ever elusive 'Affluent' buyer
- Vacation ownership buyers - what are the 'Three L's' they are looking for?
- Interest in fractional real estate increases as the bank lending rate rises
- New products flood the market, but lack of debt funding depressing sales.
- Fractional consultancy launched in SA
- Fractional Ownership successful in South Africa
- Two economists provided widely differing views on the outlook for the property market at a fractional ownership conference
- South African housing market ranked 10th best globally
- IFA Hotels & Resorts develop the multi-billion rand Fairmont Zimbali Heritage place
- Ritz-Carlton Club members give back to the community
- Interest rate increase impacting the fractional ownership market
- European Timeshare Organization changes its name
- SA has the lion's share of the fractional ownership market in Southern Africa
- Shared vacation ownership - without the headaches
- Perspective magazine global airport lounge distribution agreement with British Airways
- Global exchange for Private Residence Club owners
- Real Estate Scheme (RES) now makes ownership of real estate in Mauritius a lot more attainable
- 3 Top Gold awards for Pezula - relating to best luxury resort, best development & best fractional scheme
- Affiliate sales & marketing division launched by Platinum Destinations
- Perspective Magazine Confirms Media Sponsorship of Ragatz Fractional Interest Conference
- Fractionalownership.co.za wins Commended Award in 'Best Fractional Service' category - OPP Live, London, UK
- Experts highlight the importance of sales training for all fractional ownership agents
- Marquis Jet & The Ritz-Carlton Destination Club unveil new partnership
- Holiday home ownership & rental portal is launched
- MaxVest offers sellers the opportunity to create shared ownership opportunities!
- The FORUM Conference in London: Are Fractionals the way forward
- Changing Times for Dubai Developers with Shared Values
- Get a holiday home through shared ownership
- Property investors can have hope in South Africa
- Fractional Ownership: New tax implications
- Growing demand for fractional ownership property in India
- FIRST RESORT IN THE DOMINICAN REPUBLIC TO JOIN PREFERRED RESIDENCES
- INTERVAL INTERNATIONAL WELCOMES EMIRATES VACATION CLUB
- Fractional Ownership Club for high-end motorcycles
- fractionalownership.co.za introduces online educational videos for time-challenged consumers
- Congrats to Fractional Advertising employee
- Acquire a holiday home through shared ownership
- K Club launches fractional ownership with a stars playing in golf challenge
- Aspirations for holiday homes on the rise
- VOASA opens on-line registrations and bookings desk for 2010 conference in Durban, South Africa
- Interval International to open 2010 vacation ownership conference in South Africa
Private Residence Clubs News.
Conventional Timeshare News.
Holiday Points Club News.
Vacation Exchange News.
Sectional Title Hotels News.
Industry Services News.
VOASA Regulation News.
Syndication News.
Vacation Rentals News.