Watermark Gallery








Frequently Asked Questions


What is fractional ownership and how does it work?

For many, time is a major motivator. Owners can now relax instead of spending weekends working on their vacation home. At Watermark on Flathead Lake we take care of all the maintenance and upkeep for you more quickly, more efficiently and at a lower price than you could do it yourself. You want to spend precious vacations building memories with your families, not with the plumber or roofer. Also, shared ownership allows you to enjoy a larger, more luxurious vacation home in a premium location at a fraction of the cost.
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How is fractional ownership different from a timeshare?

Luxury fractional properties differ greatly from the old-style timeshare developments. With timeshares, an owner purchases time without ownership of the real estate, for a specific week (or weeks) for a limited number of years. Many are simply vacation clubs. You never own the real estate; the developer keeps the deed for itself. in some timeshare developments you may only own time in a pool of units- not even in a specific unit.
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How was the fractional ownership concept developed?

The fractional ownership concept has been popular in the luxury segment of the market for years. Owners of private jets, luxury vacation villas, exotic cars, and yachts realized long ago that it didn't make economic sense to bear the burden of ownership alone when you only use the asset a small fraction of the year, so the smart money turned to fractionalizing the ownership, including the benefits and burdens of these luxury assets.
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Can fractional interest be purchased by a business or family trust.

Yes. A fractional interest in Watermark is a deeded parcel of real estate and can be titled under a corporate, estate, trust, or partnership name the same as any other parcel of real estate.
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Can I sell my fractional interest?

Absolutely. Owners are permitted to sell, transfer, gift, or otherwise dispose of their fractional interest in accordance with the unit owner's documents.
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Can I purchase more than one fractional interest?

Yes. You may purchase as many fractional interests as you desire, including whole ownership.
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Are there any estate planning benefits in purchasing fractionals?

Yes. owners of vacation homes sometimes find that they have inadvertently created difficult situations when passing ownership of vacation homes to their children or grandchildren. Conflicts sometime arise between the new co-owners over finances, usage, and responsibilities. Should we sell and take the cash or hold for future generations? Who will get the use of it and when? Who will manage the finances and perform the maintenance? Who is willing to pay for operation, maintenance and capital improvements? Many of these issues can be resolved through fractionalizing the ownership of the property. For example, each child may be deeded a separate fractional interest in your unit, assuming you own more than one fractional interest. Each child is free to use, sell, mortgage, rent, or trade usage rights to their fractional unit as they please. All maintenance issues are handled professionally. This resolves many of the common conflicts that arise in a co-ownership situation and insures that the family tradition remains enjoyable for many generations to come.
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