Being a co-owner: much better than a timeshare

We understand the similarities and the confusion that comes from comparing co-ownership and timeshares. To get straight to the point: in neither case do you own the entire property, which means you couldn't leave your pajamas under the pillow. And that's it, there are no other similarities. Timeshares have a very poor reputation in general, and the internet is full of their horror stories.

Legria was born as a co-ownership model, where we solve every possible problem so your experience becomes one of the best decisions of your life.

Legria is not a timeshare, and the main reason is that here you truly own the property and the process is extremely simple. Below, we explain how Legria changes your life.

Spectacular homes, true paradises

Our big idea is for Legria homes to exceed every expectation. We look for houses in perfect condition and in the best locations in Chile. Once we find the ideal house, our professional interior design team gets to work, focused on the perfect combination of comfort and design, top-of-the-line equipment and amenities, and the details that make every corner feel like a movie set.

A timeshare will hardly have magazine-worthy design, or everything you need available. No need to go any further on this point.

Few co-owners, lots to enjoy

We found the perfect number for sharing a second home, based on how much they are used on average. Legria homes are divided into 8, so you and up to 7 other co-owners have access to it, and each ⅛ gives the right to use it for 6 weeks a year, to be booked throughout the year. In addition, because we want you to feel completely relaxed, each co-owner must sign and commit to a code of conduct, promising to care for the house as what it is: their property. Of course, after every visit, Legria carries out a thorough inspection and cleaning, so it is always spotless to welcome your family and friends.

A timeshare has a much higher flow of people, with possibly a different group every week, each with their own way of behaving.

You own a property, not time

The most important and biggest difference: what you actually get from each one. With Legria you own real estate, not just a time reservation. Like any real estate, its value moves with the market (in the case of the Chilean real estate market, always upward), so its appreciation is a benefit that is entirely yours.

With a timeshare you buy the right to use the property for a set period of time. For the same reason, you don't have access to bank financing. And since the property isn't yours, you get nothing from its market value.

Fair and flexible dates all year round

The comfort of Legria homes invites you to enjoy them all year round, and on average co-owners visit them 6 to 7 times. You are not required to use it during a specific period, nor to take long stays that are hard to coordinate. You are free to enjoy a mid-week getaway, to plan your stays up to 12 months in advance, or to book at the last minute with as little as 2 days' notice. Our smart booking system distributes dates fairly, guaranteeing you at least 1 week of summer vacation, 1 week of special dates (such as Easter, winter break, Chile's national holidays in September, etc.), and another 4 additional weeks during the rest of the year. A draw decides which co-owner picks first, but if you don't get your ideal date, since you can book within a 12-month window you will always have another chance to choose your favorite.

When you buy a timeshare, you usually get the right to one specific period, the same one repeated year after year. While more “flexible” terms can sometimes be arranged, they usually involve difficult agreements or extra fees.

A resale process that protects you

Legria homes are meant to be enjoyed for many years, but they are also meant to be an investment, so if you ever want to sell, we want the process to be just as simple as buying. To start with, since it is your co-ownership, you set the price. Then, besides being able to list it wherever you want, we will help you sell it through the platform on our website, integrated into Legria's sales strategy.

This is one of the most stressful aspects of a timeshare. Demand is so low that it becomes a real bidding battle, ending in desperate sales and big losses. Not to mention the high fees of the few brokerage services willing to deal with a timeshare. As an investment, there is nothing there.

Life is now

With Legria you will find your dream home in a smart way, paying a fair price proportional to how much you want to use it. All our costs are transparent, and our service is built on the flexibility of today's lifestyle. We believe the best memories are made with family, enjoying a unique and welcoming setting. Find your ideal second home and let Legria take care of the rest.

Visit our properties, you won't regret it!