One of the first questions people ask about fractional ownership is pretty simple: If I own an interest in one home, is that the only place I can visit?
With GoForth, yes! You’re able to access our entire global portfolio of luxury homes, not just return to the same destination every time.
You get your time at the home you own, but that's not where the travel options end. You can also reserve available nights at other homes in our portfolio, and through our partnership with ThirdHome, you can access more than 30,000 luxury homes around the world.
So you get the best part of having a second home, without having to make every trip to the same place.
Key Takeaways
- Owners receive up to 12 weeks of annual access to their primary home.
- Owners can reserve available nights at other homes in our portfolio.
- Our partnership with ThirdHome gives owners access to more than 30,000 luxury homes around the world at 90% of the traditional cost of global travel.
- We use a scheduling app that gives owners priority at their primary home and fairly distributes popular dates.
- Each owner holds a ¼ interest in their property through an LLC.
- Owners can choose to rent unused nights, with rental income helping offset ownership expenses.
What Is Multi-Property Access in Fractional Ownership?
Let's say you want a second home in Scottsdale. You love the area, you have family nearby, and you know you'll use it often.
Traditional ownership means buying the whole house yourself. And if you want to spend a week somewhere else? That's a hotel, a rental, or another property purchase.
With fractional ownership, four families share ownership of one home. Each family owns a ¼ interest and receives up to 12 weeks of annual access.
But here's where it gets more interesting: you're not limited to the home you own.
Our owners can reserve available nights at other homes in our portfolio. It's a nice option when you want to try somewhere different without buying another property just to have a place to stay there.
Maybe you own in the mountains but want a beach trip. Maybe you have a home in Florida and want to spend a long weekend somewhere in Europe.
You still own your primary home, you just aren't limited to it.
How Does Multi-Property Booking Work?
This is one of the things you'll want to understand before buying into any fractional ownership program because the rules aren't the same everywhere.
With GoForth, your primary home comes first. You have priority access to the home you co-own, you get your peak dates guaranteed each year, and our reservation system ensures you are able to reserve weeks in your home and others that you want.
Owners designate peak dates (the weeks that are especially important to them) and our ownership agreement lays out how those dates work.
Once you've got your time at your primary home figured out, you can browse availability at other properties through our reservation app and reserve available nights.
What Happens to Nights I Don't Use?
You're not required to use every night that comes with your ownership.
If you know you won't be using some of your time, you can choose to make those nights available for short-term rental. We coordinate the rental process, and the income can help offset your share of the annual expenses.
So if you have a busy year and don't make it to the home as often as you'd hoped, those nights don't necessarily have to go to waste.
Can I Stay at Other Properties?
You sure can!
Our owners can reserve available nights at other homes in our portfolio. It's a nice option when you want to try somewhere different without buying another property just to have a place to stay there.
Maybe you own in the mountains but want a beach trip. Maybe you have a home in Florida and want to spend a long weekend somewhere in Europe.
You still own your primary home, you just aren't limited to it.
What About ThirdHome?
This is where things get even more interesting.
We partner with ThirdHome, which gives our owners access to more than 30,000 luxury homes around the world.
That means your options extend well beyond our own portfolio. If we don't have a home in a destination you're interested in, ThirdHome may have one that you can rent for a full week or more, for 90% off the traditional costs of luxury global travel.
And the difference between ThirdHome and GoForth is pretty straightforward:
You own your GoForth home and are part of our community with access to our portfolio of luxury homes. ThirdHome is a home exchange program that gives our owners exclusive access.
It's a pretty nice combination for someone who loves the feeling of having a home of their own but still likes to travel to different destinations.
Is This the Same as a Destination Club?
Not one bit. This is one of the bigger differences between fractional ownership and a destination club.
A destination club generally gives you access to a collection of properties in exchange for membership fees. You don't actually own an interest in one of those homes.
With our model, you do.
Each property has four owners, and each owner holds a ¼ interest through an LLC.
That means you have an ownership interest in a specific home, while also getting access to additional properties through our portfolio and the ThirdHome exchange network.
You're not choosing between ownership and variety, you can have both.
What Should I Ask Before Choosing a Fractional Ownership Program?
If you're considering fractional ownership, there are a few things you'll want to understand before choosing a program:
**How many properties can I access?**Take a look at the destinations, not just the number of homes. Will you actually want to visit them?
**How does scheduling work?**Find out how you reserve your primary home, how popular dates are handled, and how far ahead you can book.
**Will I get the dates I want to be at my home?**If you're buying because you love a particular destination, make sure you'll actually be able to use the home when you want to.
**Are there additional fees?**Ask what's included in your ownership costs and whether there are additional charges for other properties or exchange partners.
**What happens to unused nights?**Find out whether you can rent unused time and how that process works.
Why Does Multi-Property Access Matter?
Here's really what it comes down to:
You might love one destination enough to own a home there, but that doesn't mean you want to spend every vacation there. Buying a separate home in every destination obviously isn't realistic.
Fractional ownership gives you a more accessible way to own a luxury second home. Multi-property access gives you more ways to travel once you have it.
With GoForth, you own a ¼ interest in a luxury home, can access other homes in our portfolio, and can tap into more than 30,000 additional homes through our partner network, ThirdHome.
You own one home, but your travel options don't have to stop there.
FAQs About Multi-Property Access in Fractional Ownership
Can I book other GoForth properties?
Yes! Owners can reserve available nights at other homes in our portfolio in addition to using their GoForth home.
How many homes can I access through ThirdHome?
Through our partnership with ThirdHome, owners have access to more than 30,000 luxury homes around the world. Specific availability and booking terms apply.
Does multi-property access cost extra?
Access to our broader portfolio is included as part of the ownership experience. Owners should review the specific terms and costs associated with their ownership and any applicable ThirdHome stays.
What happens if the dates I want are already booked?
It depends on the property and dates you're looking for. Our model is based on fairness. The reservation system ensures each home owner selects their Peak Dates first, then are able to reserve other weeks they want to be in their home.
Can my family use my ownership time?
Yep! We allow immediate family members over 25 to use allocated nights, including stays at the owner's home.
What happens if I don't use all of my available nights?
You can choose to make unused nights available for short-term rental. We coordinate the rental process, and the rental income goes directly to owners to help offset ownership expenses.
How many weeks do owners receive?
Each owner receives up to 12 weeks of annual access to their primary home.
Do I actually own the home?
Yes. Owners purchase a ¼ interest in their property through an LLC. This is real estate ownership, not simply a membership that gives you access to vacation properties.