Steps to buying and owning a vacation home with Pacaso
You’ve dreamed about If you’re unfamiliar with co-ownership, you may be wondering how the buying process differs from a typical whole home purchase. In some respects, it’s similar — but when you buy with Pacaso, it can also be faster and easier. Here are 11 steps to buying and owning a Pacaso. 1. Find a home you love Dream big! All of our Listings that have an “Unlock” action and/or marked “Hot” are curated, third-party listings under consideration for purchase. These listings meet Pacaso’s highly selective property selection criteria. If there’s enough buyer interest in the home, we’ll conduct our You might also see properties marked “Under Contract” — these listings are being inspected as part of our multistep due diligence processes just before we close on the home. If you’re serious about buying one of these listings, you can express interest by making a $1,000 refundable reservation. If you don’t see your perfect match among our listings, let us know what you’re looking for, and we can help guide you! We also offer 2. Talk to us We’re excited to share all the details about our homes. If you’re not sure which one is best for your needs, we’ll go through each home’s unique attributes and location to help you decide. You can easily schedule a time to talk with one of our Crew members from any listing details page, or if you have general questions about co-ownership, you’re welcome to get in touch via our 3. Take a tour We’ll give you all the information we have about the home, but seeing is believing. While you’re on the call with our Crew member, they can arrange a time for you to tour the home. Buyers can schedule a virtual tour or in-person tour or 4. Say yes! You talked, you toured, you fell in love — you’re ready to buy your vacation home! We’ll walk you through the purchase process and paperwork, and our Crew will make sure you understand all the terminology related to co-ownership, such as: We want you to feel confident in the process, so ask as many questions as you’d like. Once you’re ready to proceed, you’ll reserve your share with a 10% deposit. 5. Secure financing If you’re interested in 6. Close on your new home Once you’ve had a chance to go through the paperwork, we’ll schedule a call to review the documents and answer any remaining questions. You’ll sign, wire the funds to complete your purchase, and you’re done! 7. Get ready for vacation home bliss Congratulations, you own a Pacaso! Our commitment to owners doesn’t end at closing. We assign a home management team to each home, and they’ll schedule an onboarding session to ensure you have the Pacaso app, which you’ll use to book stays, and answer any questions. Your Home Manager will be your point of contact throughout your ownership, and they are available to provide support whenever you need it. 8. Book your stays You can begin 9. Experience the ease of managed ownership One of the best things about owning a whole vacation home? It’s all yours! One of the worst things? It’s all your responsibility. The hassles of vacation home ownership can take a lot of joy out of the experience. Pacaso’s 10. Flex your ownership muscles Pacaso’s management services are designed to make your ownership experience easier — but that doesn’t mean you don’t have a voice. In fact, you and your property’s co-owners have 100% ownership of the property once all shares are sold, which means your co-ownership group has decision-making authority. Here’s how this works in practice: Owners can bring major issues about their property to a vote of the co-ownership group, and every share owned holds one vote. A major issue might be a costly property upgrade, like the installation of a hot tub. To call for a vote, you would get in touch with your home management teamRoutine maintenance and necessary repairs (such as replacing a broken dishwasher) are handled by Pacaso and do not require a vote. 11. Feel confident if it’s time to move on We think you’ll love your Pacaso for years to come, but at some point, your needs may change. After 12 months of ownership, you are free to sell at any time, and you set the sale price. We'll work with you to facilitate a fast and streamlined resale. Unlike a Our goal at Pacaso is to make vacation home ownership simpler, more enjoyable and attainable for more buyers. We’ll help you every step of the way, but the first step is yours — so
