All too often, there comes a time when the owner of an Italian vacation home, who still loves the property, is no longer able to use it frequently enough to justify the cost of owning and maintaining the entire property. In the traditional real estate market, the conflicted owner has only two options: 1) keep the entire property, or 2) sell the entire property.
Fortunately, Divviso's Sell to Share co-ownership strategy provides the ideal solution to this "Solomon's Baby" dilemma.
Working with Divviso, the current owner of the entire vacation home converts the property to co-ownership and then sells some of the co-ownership interests in the property to other co-owners, keeping only as much of the property as the current owner can actually use and enjoy. In effect, Divviso enables the current owner to sell their property and keep it, too!
Using Divviso's Sell to Share strategy, the current owner recovers some of the invested capital tied up in the property and shares the property management and maintenance costs with the new co-owners. A true win-win situation.