A timeshare typically provides the right to use a resort property during a designated period each year, often through a fixed-week or points-based arrangement. Depending on the structure, buyers may receive usage rights or a deeded interest in a specific interval. Timeshares generally involve annual maintenance fees, and resale opportunities can be limited.
Fractional ownership offers a different approach to shared real estate. Rather than purchasing the right to use a property during a designated period, fractional owners acquire an actual financial interest in a specific property, often through a dedicated LLC.
At GoForth, each property is held by its own LLC, and owners hold membership interests in that LLC. Most residences are divided into four ownership interests, with each 1/4 owner receiving 12 weeks, or 84 nights, of annual use. Owners share ongoing property expenses, benefit from professional management, and can optionally rent unused nights through GoForth's rental program. Through the Exit Guarantee, GoForth also facilitates resale after the initial 12-month holding period.
Explore the differences between timeshare and fractional ownership to better understand how ownership rights, property access, expenses, and resale options compare.