The Pacaso blog

When you decide to sell a whole home, you might take a look at recent home sales in your area, check your home value on various real estate sites, decide on a price, list the home and wait for offers to roll in. When you own a Pacaso, the sales process includes some of those steps, but you’ll find it simpler and more streamlined. Here’s how it works. 1. Sell on your terms Any Pacaso owner can choose to sell their ownership interest, at any time.* Each owner has independent control over the sale of their share, which is a key benefit of our professionally managed LLC co-ownership model and a big advantage over timeshares. Once you’ve decided to sell, simply let us know, and we’ll provide you with a current comparative market analysis (CMA) for your ownership interest. The CMA is compiled using local market data, comps, trusted valuation models, and our knowledge of what active second home buyers are willing to pay. You’re in control of the final price, however. You can use the CMA in addition to guidance from Pacaso or your own research to decide what the sale price should be. 2. Take advantage of an existing marketplace Unlike a typical home sale, Pacaso has two ways to assist you in the sale process Second, many homes have a wait list of interested buyers. Our sales Crew will tap into our buyer pipeline when a share is up for resale and inform any buyers who may have missed out on the opportunity initially, as well as buyers who’ve indicated interest in similar homes in that area. Between current owners and Pacaso’s buyer marketplace, you may be able to sell your share without listing it.  3. Get the full marketing treatment While we make inquiries among our buyer pool, we’ll also prepare your share for broad exposure on the open market to ensure you have every opportunity for a sale. If we don’t have an offer right away, we’ll include the home as an active listing on our website, and our local partner agent will market the listing through their network.  4. Experience a seamless and transparent transaction Pacaso’s role in the sale is to help facilitate the transaction and find buyers. There’s no lengthy closing process, no due diligence period, and no need for a title and escrow company, because the title doesn’t change. The LLC membership interest is simply reassigned to the new owner at closing. If the buyer is paying cash, closing can be as soon as the next day. If the buyer is financing their purchase, closing is still much faster than a typical sale, often just 1-2 weeks.  Pacaso resale in the real world A ready pool of buyers and a streamlined sale. Sounds good in theory, but does it match the reality of the seller experience?  In a word, yes. Chief Revenue Officer Andreas Madsen pulled the resale data, and it confirms that Pacaso’s marketplace is operating as intended.  Pacaso’s first homes were in Napa Valley, and when they became available for resale in mid-2021, they provided a good test of the market. “Looking at Napa resale, the value has averaged between 12-15% equity on shares at the 12-month mark,” said Andreas. “One of our Napa Valley homes recently sold for about 13% over the original share price from a year ago. The owner proposed the sale price, and we felt it was reasonable based on the market and the fact that we had a waitlist for that particular home. We were able to facilitate the sale without ever listing it.”  Andreas said that scenario was not an outlier: “It’s common to have buyers ready and waiting. We just had two shares in Malibu sell in under two weeks. I don’t know of any easier way to transact in real estate today.” Looking across all resales, Other avenues for Pacaso owners Owner selldown If you decide your Pacaso isn’t a good fit, or if you purchased more ownership than you’re using, you have options beyond a traditional resale. Own 1/4 or 1/2 of a Pacaso, but only use it 1/8 of the time? You can right-size your ownership by selling a portion of your ownership interest. A selldown works the same way as a resale transaction, but you retain a share of the home.  Pacaso gives sellers an exceptional level of flexibility, control and peace of mind. Hear from Pacaso owners about the ease of their resale experience. Frequently asked questions Can the seller really choose any sale price? Pacaso recommends a price, but the seller makes the final call. If the price seems too high, we’ll share the information we have about the buyers in our pipeline, including what we know about their price ranges. But the seller can choose to proceed with the price they’ve set and see what the market will bear.   What happens if a share isn’t selling? Pacaso will actively market the share, which may include hosting open houses and promoting the listing through email or direct mail marketing. If we’re not seeing buyer interest despite these marketing efforts, we might recommend lowering the asking price. Can buyers negotiate on price?  Yes, we think of the resale marketplace as fluid and moving in line with the open market, so buyers are welcome to bring offers. The seller can choose to accept or decline any offer.   Are there closing costs, commissions or other transaction fees?  For sellers, a 6% commission fee is deducted from the final sale price. For buyers, there are no title, inspection or service fees. Buyers fund the first two months of their home’s operating expenses at closing, similar to property tax and insurance “prepaids” in a traditional sale. Buyers who choose to finance their purchase also pay a financing fee at closing.

A Understanding property managers Owners typically hire a property manager to help them achieve their goal of building a steady investment income while reducing the burden of daily property operations.  Property managers specialize in all operational aspects of ownership Every property will come with unique needs, and the property manager’s responsibilities are outlined in their contract with the owner. Owners with multiple properties might seek out a property management firm to coordinate all operations and oversight.  Because property management involves adherence to housing laws, some states require a license to manage a property, either as a real estate broker or as a licensed property manager. Property managers enforce federal, state and local requirements dealing with screening tenants, evictions, lease terminations and handling deposits.  Takeaways Property managers share these characteristics: In more detail: There are three primary kinds of property managers: commercial, multi-family and single-family. Some property management firms work with a blend of property types. Commercial property management focuses on office buildings and industrial spaces.  Multi-family property managers specialize in spaces with many units, most commonly apartment complexes. Similarly, single-family property managers work in residential housing, but they focus on renting out single-family homes versus large-scale complexes.  Every property has different needs, but generally, property managers: No, property managers do not own the property they manage. Property owners outsource the daily operations to a property manager because they specialize in finding new tenants and know the legal specifics of leasing.  Most property managers work for a property management firm that coordinates the needs of several individual properties. In turn, the property firm works directly for the property owner.  Pacaso's in-house team of experienced, local property managers to handle the day-to-day needs of each home, including: With Pacaso, you own the home, and we manage everything — it’s that simple.

You’re thinking about becoming a homeowner but aren't sure you can afford to do it on your own. This is where Here is what you need to know about co-ownership, including how it works, its benefits and drawbacks, the differences between co-ownership and whole home ownership, and how to get started. What is co-ownership? Co-ownership is when an asset such as a home is jointly owned by two or more parties. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership. Opting for co-ownership means entering both a legal and financial partnership with the other buyers, as well as an agreement about property access. What is a co-owned home? A co-owned home is a property that was purchased and is owned jointly by two or more people. All owners are included on the title of the home, and all parties hold a portion of ownership in the property. When you choose to buy a house with other buyers, you enter into a financial and legal partnership and a new living arrangement. Why is co-ownership on the rise? The practice of co-ownership has traditionally taken the form of a group of friends or family members coming together to buy a second home or a child who inherits a house from their parents or grandparents.  While co-ownership isn’t a new concept, it has become a more viable Understanding co-ownership of property There are different Tenancy in common A Joint ownership All tenants are granted their deeds at the same time and, upon death, agree to pass the property on to their co-owners via survivorship rights to avoid probate. Owners must demonstrate the “four unities” to qualify: Community property Married couples may co-own title as community property in nine states: Arizona, Texas, California, Idaho, Louisiana, Nevada, New Mexico, Washington and Wisconsin. These states recognize couples as a single financial entity. A right of survivorship must be specified so that when one spouse dies, the other can automatically take over the title. Unlike JTWROS, there’s no guarantee of automatic survivorship rights. Tenancy by the entirety Married couples can also choose tenancy by the entirety (TBE) as their co-ownership model. TBE is a type of joint tenancy that comes with rights of survivorship. This ensures the property avoids a costly probate process and passes immediately into the widowed spouse’s hands. Tenancy by the entirety views couples as one financial entity as well, so the property is considered to be owned by “one person.” Pros and cons of co-owning a home As an alternative to buying a whole second home, co-ownership offers owners a unique set of benefits for buyers — as well as things to consider: Pros Cons What’s needed to start a co-ownership agreement? Whether you are doing Common elements of a successful co-ownership agreement include: A co-ownership agreement should be drafted before you even purchase the home to ensure a smooth purchase experience. You might also consider consulting a real estate attorney. Co-ownership involves many moving parts, and an agreement should be adapted to fit the owner group over time.  Types of co-owners You can co-own a home with a family member, friend and even a stranger. The people you’re looking to co-purchase a home with could influence the type of co-ownership. For example, friends, partners and strangers might consider a TIC or joint ownership, while married couples might benefit from community property and TBE. Regardless of the co-owner, buying a home with other people is a major undertaking. Not only is Co-ownership mortgage differences If you decide to purchase a home through co-ownership, you and your co-owners will likely take out one mortgage loan — unless you plan on paying all in cash. One of the advantages of co-ownership is that buyers can combine their income and debts to improve their chances of getting a larger loan. A solid credit score, however, is still essential, as many mortgage lenders will use the lowest credit score to determine qualifications. A key consideration for securing a co-ownership mortgage is payment risk. If one owner is unable to make their payments, the financial responsibility falls on the other co-owners. Otherwise, it results in penalties on the account and even foreclosure. If you are co-purchasing a home part of a TIC, you may be able to qualify for a fractional loan that reduces your financial responsibility to only your loan and not your co-owner’s. However, mortgage interest rates are usually higher for a fractional loan, and they are only offered in certain locations. Differences between a co-signer and co-buyer A co-buyer (or co-owner) is different from a co-signer as it relates to ownership and payment. Co-signers take full responsibility for a loan along with a primary signer, but they do not have any ownership rights to the home. In contrast, a co-buyer has equal or similar rights to other buyers co-owning the home. Another difference is that co-buyers are responsible for payment from the start of the loan. Co-signers, however, only assume responsibility if the primary signer is unable to make their mortgage payments. Selling a home with co-owners If you decide to sell your home, there are scenarios to consider: The first is where all owners want to sell, and the second is when one owner wants to sell their ownership interest but the others do not. If all owners of a co-ownership property decide to sell, the situation is less complicated, as there would be no debate over the right to sell. Outlining these terms in the co-ownership agreement from the beginning is critical. What happens when only one person wants to sell? With certain co-ownership models like Tenancy in Common or joint ownership, you have a right to sell your interest in the home. While you cannot sell without the permission of the other owners (as you do not hold sole ownership), you can still share your share at any given time once approved. The buyer of your share — which could be another co-owner — would take on the same portion of ownership that you held in the property.  Co-ownership vs. fractional ownership While co-ownership and Here are the most important things you need to know about co-ownership: In more detail: How is co-ownership established? Co-ownership is established in a property deed and title, and you can also find details in your mortgage paperwork. If nothing is specified and you’re not married to the other tenant, the state will list the property as a tenancy in common or joint tenancy by default. What is probate, and why does it matter for co-ownership? After someone dies, probate is the legal process where debts are paid and the assets of the estate are allocated. Co-owned property with survivorship rights bypasses probate because there’s nothing for the court to decide — the owners are listed on the deed, which superseded the will.  How do you sell a shared ownership property?  It depends on the kind of co-ownership. A tenancy by the entirety is only valid while the owners are married, so a divorce or death dissolves the co-ownership. For a In most cases of co-ownership, individual shareholders can independently sell their shares to exit the property. What kind of co-ownership does Pacaso offer? Pacaso offers fully managed LLC co-ownership. Designed as a straightforward approach to co-owning a second home, Pacaso’s model allows up to eight owners to each have a 1/8 ownership interest in the LLC, and the LLC is the entity that is named as the owner on the deed. You own 1/8 to 1/2 of your Pacaso, with maintenance, management and day-to-day updates handled by our Crew. View our residential listings and

What is fractional ownership? For instance, if you invest in a fractional ownership of a holiday home, you're essentially purchasing the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons, and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion items. When owners purchase real estate assets with fractional ownership, they are issued deeds representing their fraction of the property.  Fractional ownership is a great way to buy and own a property or another asset without purchasing it alone. It means all owners of an asset have divided percentage shares of a specific item or property. While families sometimes share ownership, fractional property owners can be unrelated. Types of fractional ownership There are two main types of fractional ownership structures:  Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Fractional ownership Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Fractional ownership advantages There are several advantages to owning a property through fractional ownership. Expanded opportunity to own Fractional investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional ownership gives you a deed to a fraction of the property itself (sometimes called a fractional interest). This means that the value of your share in the property increases or decreases in line with the property's real estate value. Any increase in value is divided equally and becomes gained equity for all fractional owners. Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the upkeep and Lower upkeep and maintenance burden Most fractional ownership agreements include provisions for long-term property management, with owners deciding how to handle any issues. Maintenance of When you have fractional vacation home ownership through an entity, it will include preventative and routine maintenance, cleaning and property management in its Potential rental income A fractionally owned property can be rented out as a long- or Fractional ownership cons Though fractional ownership has its advantages, there are a few drawbacks to consider as well. Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to finance your fractional ownership property, like special Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which Some fractional ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company.  Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  An alternative to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs.  Unlike fractional ownership resorts, Pacaso offers LLC

Getting to your vacation destination is only part of the journey. When it comes to traveling with family and friends, you have a few options for accommodations: a hotel, a For a smart way to spend time away, however, consider co-owning a Pacaso second home. Here are a few of the reasons owning a Pacaso is the smarter alternative to a vacation rental. The cost of luxury vacation rentals Vacation If you want to make better use of your money, Pacaso might be for you. Pacaso vs. vacation rental  With Pacaso, you co-own a luxury second home where you can create memories today and build possible equity for tomorrow. This is how Pacaso differs from a short-term vacation rental. Owning a Pacaso instead of booking a rental is similar to owning a home instead of renting an apartment. Rather than paying someone else’s mortgage, you’re investing in a home where you’ll make lifelong memories. You can easily book stays in a familiar home  in a destination you love, all while reaping the benefits of home ownership.  Why Pacaso is smarter than a vacation rental You might be asking: Is now a good time to buy real estate? Real estate has proven to be And if you're not crazy about being responsible for a whole property but still want to own a luxury vacation home, Pacaso’s fully managed co-ownership model is ideal. You choose the amount of ownership that’s right for you at a fraction of the cost. Plus, Pacaso takes it up a notch with unique benefits: 1. Pacaso delivers a consistent experience While short-term rentals are varied, you can expect your Pacaso to be fully appointed, 2. You have a dedicated home manager Another Pacaso perk is that you own the home, and we manage everything. Your home is taken care of by a — 3. Your home is never rented out As a Pacaso owner, you enjoy all the rewards of home ownership. Your Pacaso is a real estate asset that will move in line with the whole home market. You can build equity and enjoy the home for personal use, and if you decide to sell your second home, Pacaso has an established marketplace of interested buyers. 4. No renters are allowed in your home As a co-owned home, each Pacaso is reserved for use only by owners and their guests. Pacaso vets owners, who agree to a 5. You spend less time planning Because you own, you spend your time enjoying your second home, not searching for a rental. And with Co-ownership done right On top of being a smarter choice than vacation rentals, Pacaso is the leading global brand in co-ownership. With a $1 billion real estate portfolio, high customer satisfaction scores and over 1,000 Pacaso homes sold, Pacaso is well positioned to deliver on service, value, satisfaction and trust for years to come.

A property is viewed as a Understanding tax laws and your second home A second home is a personal residence for part of the year. The rest of the time it may remain vacant or be rented out to guests. Here are other common characteristics of second homes: Vacation homes are typically located in Buyers may purchase a second home for retirement or to vacation in another part of the country. It’s not required for a first home to be paid off before buying a second home, however.  Reserving your second home for family-only use rather than using it as a rental property keeps things simpler at tax time. Like a primary residence, you can deduct a portion of your second home’s mortgage interest and property taxes. Tax benefits of second homes Second homes come with a host of possible tax benefits from the IRS, but they depend on two key factors: whether you’re living in your second home more than you rent it out and how much money you’re taking in income from tenants. Let’s dive into the specifics: If you rent out your home for less than 15 days a year, it’s considered a personal residence and you’re eligible for itemized deductions like any other homeowner. You can deduct mortgage interest up to $750,000 on principal for properties purchased after 2020. Rental income (under the 15-day limit) is also exempt, so you don’t need to report earnings to the IRS.  Staying 14 days per year means your second home is considered a residence. In addition to deducting mortgage interest, you may also be able to write off interest paid on a home equity loan. To qualify, you’ll need to have a mortgage on your second home and use the home equity loan for property improvements. You can Takeaways In more detail: If you change your mind about your property and want to rent out your second home, you can change your occupancy status. It’s best to do this after you’ve owned property for at least a year, and you’ll need to report any new rental income to the IRS.  Selling a second home is a different experience than selling your primary residence. Your first home earns you capital gains exclusions: Single tax filers can exclude $250,000, and couples filing jointly can exclude up to $500,000 on their return. That isn’t the case for second homes. The IRS sees secondary properties as investments, meaning that unless you’ve lived there for an extended period of time before the sale, you may pay up to 20% in capital gains tax. Yes, because your Pacaso is a single-family residence that you own. By buying a share in a property-specific LLC, you

When you’re traveling, where you Enter another option: a Pacaso second home. Here’s why co-owning a second home is a better option for your vacations than a The unexpected value of a Pacaso People have compared Pacaso to a hotel, Airbnb or a luxury vacation club like Inspirato. And while there may be some similarities, the experience in each couldn’t be more different. Owning a Pacaso means you’re an owner of a But it's not just about these practical advantages. A Pacaso offers valuable benefits that can only be experienced as an owner. Here’s what our owners have to say.   1. You can just show up and enjoy your home While hotels and short-term rentals can vary widely in quality, you can expect your Pacaso to be fully appointed and pristine — every time you return. Your home is taken care of by a 2. It’s easy to host your favorite people Making memories with friends and family is one of the most life-enriching parts of a vacation. And with your Pacaso, it’s easy to do just that. From outdoor kitchens and al fresco gathering spaces to open grand rooms and game rooms, Pacaso has the space, features and details to help the ones you love feel comfortable and enjoy quality time together.  — Nkem, owner in Malibu 3. You have the whole place to yourself (and your guests!) At your Pacaso, you always have the whole space to yourself. Your home belongs to you. Our homes feature large gathering spaces, and many also have spacious outdoor areas, patios, balconies and decks. Whether you want to relax, work from home or throw a celebration, you’ll have plenty of space for your whole crew. And it’s not just about space — unlike hotels and Airbnbs, all your guests are welcome at your Pacaso (even your dog!).  — Doug, owner in Palm Springs 4. You get to live like a local When you own a Pacaso, you become part of a community. You’re not bouncing through different hotels, homes and places — you return to a neighborhood where every aspect is familiar, from your favorite place for breakfast to local museums. Being able to call a place you know and love home makes for a seamless (and special) vacation every time.  5. You won’t have to stress about your vacation Staying at your own Pacaso offers a different experience from the typical vacation. Rather than having to plan things to do and places to eat at, you have all the — Stuart, owner in Palm Springs 6. You have all the conveniences of home When you come to your Pacaso, there’s no need to pack the small things. Bathrooms are stocked with towels, hair dryers, a scale, magnifying mirror and basic toiletries. Your home has high-speed WiFi and 7. Every detail is luxurious One of the standout things about owning a Pacaso is having luxurious touches throughout your home, allowing you to vacation in style. In addition to our standard amenities and features, you’ll find high quality linens, Turkish towels, premium kitchen products (including Cuisinart, Le Creuset, Ninja and more), porcelain tableware and a Peloton in select homes. These are the small details that make your vacation special.  — Tim, owner in Telluride Vacations (and memories) made better When you co-own a Pacaso, you enjoy hassle-free time at a place that feels like your home (because it is). You have the amenities and convenient experiences of a hotel, the wow factor of a luxury Airbnb, and the space and privacy of a vacation home — plus, all the benefits of home ownership. This is what sets Pacaso apart.  Ready to shift into vacation mode and start making lifelong memories? Check out our

Fractional ownership allows multiple individuals to purchase property together and share usage rights. It’s a common practice among people buying big-ticket items like second homes, Because each party is only responsible for a portion of the full purchase price, Unlike timeshares, fractional ownership provides you with the benefits of actual real estate property ownership. If the value of your second home appreciates over time, your share appreciates proportionately to your ownership stake. Plus, you'll share expenses like repairs, insurance and taxes with the other owners.   While a lot of factors go into deciding if fractional ownership is right for you, one of the most important considerations is how you’ll pay for it. Here are a few options for financing fractional ownership of a second home.  Types of fractional ownership financing Cash Of course, paying for your second home in cash is the most straightforward option — there's no financing application, no contingencies and, best of all, no monthly mortgage payment or interest charges. However, not all buyers have the amount of cash required to purchase shares in a property without Mortgage While not every bank or credit union offers mortgages for fractional ownership purchases, an increasing number do. It’s important to note that qualifying for a second home mortgage can be more difficult than qualifying for your first mortgage. You may need a higher credit score, longer employment history and a down payment of 20% or higher.  If you’re buying in a new vacation community, the property developer may offer financing through a banking partner as a way to encourage purchases.  Home equity  If you already own a home and have a significant amount of equity, you may be able to tap into it to purchase your second home. There are three different ways to do this. Be sure to explore your options with your financial advisor, mortgage broker or accountant.  Financing a Pacaso second home Pacaso is a popular choice for fractional ownership of a vacation home. Our unique co-ownership model allows you to buy a ⅛ share or more of a fully furnished and professionally decorated second home in your Buyers can pay for their co-ownership share in a Want to find your dream vacation home? Explore our

The median home price in the United States is $439,716, which is a 5% increase compared to the same time last year, according to This approach to property acquisition allows you to But before diving in, weighing the pros and cons is crucial. Let's explore how shared ownership works, its advantages and potential drawbacks before deciding if it's the right path for you. How shared ownership works In Some programs even allow you to gradually increase your ownership percentage over time, known as “staircasing.” This can give you more control and potentially greater equity growth. The type that’s best for you will depend on your goals, financial situation and desired structure with your co-owners. Always talk through your options with an attorney. Joint tenancy One downside to joint tenancy is that you can’t choose anyone outside your co-owners to inherit your share in the property. It’s also worth knowing that if your co-owner has unpaid debts, a creditor can force a sale, which will also affect your share. Tenancy in common With You can also sell your shares without the consent of other tenants. But remember that if another co-owner passes away or chooses to sell, you may be stuck sharing ownership with an unfamiliar new co-owner. Limited liability corporation (LLC) When you form a LLCs have been used primarily for investment purposes, but companies like Pacaso now use co-ownership LLCs to make purchasing second homes easier. The only downsides of an LLC are that you can’t deduct your property taxes or mortgage interest on your Shared ownership pros and cons Weighing the pros and cons of home ownership and Benefits of shared ownership Shared ownership offers a unique path to property ownership, especially for those facing challenges with traditional affordability hurdles. Here's a breakdown of the key advantages: The lower upfront costs, shared expenses, and potential for equity growth make shared ownership compelling. However, it’s also crucial to carefully consider your financial situation, risk tolerance, and long-term goals. Cons of shared ownership While shared ownership offers an attractive entry point, it's essential to consider the potential drawbacks before deciding: The limitations on control, challenges in finding compatible co-owners, and complexities associated with exiting the scheme require careful consideration.  Reasons to try shared ownership homes There are multiple reasons why you may want to Here are a few reasons why people choose shared ownership in a primary or secondary home. Reduce the purchase price  The most common reason to share ownership in a home is to reduce the financial burden on the owners. Two or more individuals can apply for a joint mortgage and share the payments. The lender will consider every applicant’s income, credit score and debt-to-income ratio. If some of the applicants are stronger financially in areas where others are weaker, this can benefit all parties involved. Make a purchase possible when one party has poor credit If one person’s credit could negatively impact a mortgage application, they might not want to pursue a joint mortgage. In this case, they might supply the down payment on the home and let the other parties with better credit hold the mortgage in their name. Depending on their agreement, they may leave it at that, or the person with poor credit may continue to pay a portion of the mortgage payment each month to increase their share in the home over time.  Relieve a financial burden on an existing property If an individual faces financial hardship but has owned their first or Achieve vacation home ownership Owning a vacation home can be a dream come true. However, traditional Co-own a vacation home with Pacaso Shared ownership presents a compelling option for those seeking a foothold on the property ladder or a more affordable route to If you value flexibility and affordability — and are comfortable with shared responsibility — shared ownership could be your gateway to property ownership. Mitigate the

At Pacaso, we consistently design breathtaking interiors that cater to discerning second home owners. Now our design team is taking that commitment to a new level by collaborating with acclaimed fine artist and award-winning designer Sutton is creating bespoke artwork for several of Pacaso listings debuting this summer. These stunning properties stretch from the scenic landscapes of Jackson, Wyoming, to the coastal charm of Corona del Mar, California. Your home serves as a reflection of your personality, and nothing adds character and charm quite like artwork. So we asked Sutton and Pacaso's Head of Design, Lauren Farrell, to share their expertise to help you curate art for your home. Plus, we’ll share a bit more the design of Flow and cohesion: Harmonize your layout Selecting the right art for your home demands a mindful approach that factors in your home’s layout. Consider the visual connections between rooms, particularly in open spaces where walls are visible from different angles. The goal is to achieve a seamless and harmonious ambiance that flows effortlessly throughout your living spaces.  “Art provides visual interest and weight, so learning how to balance the eye between pieces creates a natural path for the viewer to experience the art and the home,” explained Farrell. Size and scale: Balance your walls “It’s extremely important to pay attention to the wall size and artwork scale,” said Farrell. Consider the dimensions of your walls when choosing art, aiming for a balanced and visually pleasing display. Larger walls may call for substantial artworks, while smaller walls benefit from delicate pieces that add charm without overwhelming the space.  Color decisions: Add your personal touch Select are pieces that incorporate colors from your existing decor, such as throw pillows, lamps and vases. Custom commissions offer an opportunity to align your favorite colors and preferences with your chosen artwork, creating a beautiful and cohesive connection between your decor and art. “The unique pieces I created in the Jackson Pacaso project exude sophistication with a masterful blend of blacks, browns and natural tones,” said Sutton. “The curation of artwork focuses on local landscapes, showcasing the awe-inspiring elements of nature that draw those enamored with the destination. Each piece is meticulously executed, with an array of mixed media originals and hand-embellished prints, chosen to embrace a color palette of muted tones that harmoniously integrates the wildlife of the setting, from majestic elk to bears and moose.” Artistic diversity: Use multiple styles  “Embrace artistic diversity within your home,” said Sutton “Pacaso and I used a mix of various textures and visual concepts within our several projects together, from the beach in California to the mountainside of Colorado.”   Ensuring that there are various styles within the collection of works while maintaining a sense of curatorial cohesion to add depth and intrigue to your living spaces is essential. From modeling paste and acrylic on wood, to gold leaf embellished prints in shadow boxes, combining elements and styles that resonate with you will result in a visually engaging environment while also stimulating emotional senses. “With West District in Jackson, we created a captivating assortment of bespoke prints, and the artwork is thoughtfully presented on paper, acrylic, aluminum, canvas wrapped and gold leaf hand-embellished prints. I also created custom mixed media paintings on wood, to thoughtfully balance with the beautiful, natural cognac and charcoal tones within the furniture, providing an engaging visual experience to admirers.” Wall space: Prioritize width When working within a budget, the experts suggest you focus on maximizing the width of your wall space, as opposed to the height. Choosing wider and shorter art pieces can make a significant visual impact without stretching your finances. Opting for prints over originals helps stretch the budget as well. This approach ensures that your artwork is a prominent feature in your home. Cost-effective art: Unleash your DIY creativity For those seeking cost-effective yet artistic solutions, DIY art projects offer an exciting avenue for creativity, as well as calming effects for your mind. Experiment with striped patterns in various ombre colors or explore multi-color schemes for an easy option for beginners. Online tutorials found on Frames: Elevate your presentation Framing plays a pivotal role in accentuating artwork and elevating its overall presentation. Sutton recommends exploring your framing and matting options and using a variety of frames. For Jackson Hole, we went classic with black, white, silver, and gold frames. We created custom, hand-embellished gold leaf shadow boxes to add an elegant and dimensional touch. Tailor the framing choices to suit different areas in your home, ensuring a cohesive and sophisticated art display. For an unexpected twist in your art display, consider framing pieces with colorful frames, and even colorful mats. This creative approach, as showcased in forthcoming Pacaso homes, transforms frames into integral components of the artwork. Inside West District West District is a modern new-construction condominium that draws its design inspiration from the breathtaking landscapes around Jackson. Thanks to expansive floor-to-ceiling windows, the home offers  stunning town and mountain views and is bathed in natural light — a perfect venue for original artwork by Elizabeth Sutton. Pacaso's design team enlisted Sutton to produce one-of-a-kind artwork thoughtfully incorporating elements of the surrounding landscape.  "In Elizabeth Sutton's art, the beauty of the great American West comes alive, elegantly intertwined with modern multi-media techniques, creating pieces that our owners will cherish for a lifetime," said Farrell. "We aimed to bring the essence of blue skies and majestic scenery within the comfort of the home." To seamlessly bring the beauty of the outdoors into the living space, the Pacaso design team carefully selected the furnishings, materials, fabrics and decor. "Embracing the raw beauty of nature, we utilized modeling paste and gold leaf to create distinctive textures, while custom framing added an exquisite touch to the curated artwork," said Farrell.  West District maximizes communal spaces, transforming the home to a haven for gatherings with family and friends. The open plan living area includes a cozy fireplace and dining table, while the sleek kitchen features Wolf and Sub-Zero appliances along with a dine/prep island. The private deck offers a hot tub and BBQ area, complemented by two large dining tables and two inviting sitting areas. The primary suite serves as a relaxing retreat, featuring an en suite bathroom with a double sink vanity and a wetroom equipped with a rain shower and soaking tub. In addition to a second bedroom, a third holds bunk beds for guests of all ages to enjoy. Sutton's one-of-a-kind artwork is skillfully installed throughout West District to create a seamless flow, guiding guests from the entry to the living spaces and the bedrooms. The artful compositions maintain a homogeneous color palette while expertly exploring diverse textures, shapes, and captivating imagery in the prints. "In the most significant spaces, the mixed media fine artworks hang, adding delightful dimensional and metallic elements to the artfully designed interiors," said Sutton. "The result is an elevated and sophisticated portrayal of Jackson Hole's natural wonders, leaving a lasting impression on all who are fortunate enough to behold it." An Elizabeth Sutton limited edition framed art print could be yours Enter to win an identical print of one of Elizabeth Sutton’s pieces commissioned for West District. The ‘Sing for Serenity’ neutral, pixelated geometric abstraction was commissioned to hang vertically in the entryway of the home. Just enter your information

International real estate has its benefits, but the complexities can be intimidating and risky. From navigating legal regulations and language barriers to working with local vendors and securing financing, buying a home abroad requires careful consideration and expert guidance. If you’re an U.S. citizen looking to Reasons to search international real estate Just like owning a second home in the United States can pro vide benefits like equity appreciation and having your personal retreat, so does owning an international second home. Below are some benefits  for Americans 1. Travel and exploration Buying property overseas instantly provides you with a place to call home in a new destination, whether that's a flat in London or a beach escape in Mexico. Overall, property ownership lets you explore a new culture and way of life. Rather than coordinating expensive hotel stays every time you want to travel abroad, buying a house in another country means you have your own place to stay.  2. Cost savings compared to the U.S. market The U.S. housing market can be extremely competitive and expensive, so buying a house abroad may save you money. Many countries have lower property prices, allowing you to stretch your budget. This can make it possible to own a luxury home in a foreign location for roughly the same price as a starter home in the United States.  3. Lower cost of living Aside from lower property costs, things like groceries, dining out, utilities and transportation can also be lower than in the United States. This means that owning a property abroad could allow you to enjoy a more comfortable lifestyle for less than you’d pay back home.  4. Fast-track to residency Some countries offer residency programs specifically for foreign property buyers. If you own property that meets certain criteria, you may have an easier time gaining residency, allowing you to spend extended time in your home abroad. This can be a great option for those considering retiring abroad or wanting to make their Tips for buying property abroad U.S. buyers of a home abroad need to consider both tax regulations and  financing. Foreign buyers often face obstacles in securing a loan because they can be perceived as high-risk by local banks and international home loan lenders.  Pacaso’s LLC ownership model is structured to minimize tax burdens and ensure compliance with local regulations. While we recommend you consult your tax professional for more personalized advice, our team can work with them and provide general guidance on 1. Consult your financial advisor Before buying international real estate, consult a financial advisor specializing in foreign real estate. They can help you take a holistic approach, considering your financial goals, and the risks and rewards of owning a home abroad. An advisor can also guide you on currency exchange rates, tax implications and estate planning considerations.  2. Research the country’s real estate process Every country has its own real estate process, from property search and negotiation to closing and ownership transfer. Always research the specific process in your chosen country to know what to expect. Things to look into include local customs, legal requirements and tax implications. Also, find out about any specific documentation or permits that may be required.  3. Find local representation Learning how to invest in 4. Review residency requirements If you plan to spend extended time in your vacation home, you’ll want to understand the country’s visitor and residency requirements. Some countries may have specific visa programs for foreign property owners, while others may restrict your stay without obtaining a visa. Research the residency options available or ask your local agent to help you find the option that best suits your needs.  5. Discover other options to finance an overseas property While Pacaso offers financing options for our properties, you can finance an overseas property in other ways. Consider exploring options like cash purchases or private lenders that may provide financing for foreign purchasers. Research your options and lean on your local agent and financial advisor to determine the best option for your financial situation.  Things to consider with foreign real estate Consider the following factors when learning how to buy a house in another country. Laws and eligibility It’s crucial to understand the local laws and regulations governing international real estate. Research the specific requirements and restrictions for foreign buyers before making any decisions. Your local agent or financial advisor can also guide you on property taxes and any other potential restrictions to be aware of.  Language barriers Unless you’re fluent in the local language, think about how you will communicate in your country of choice — especially with agents and local authorities during the purchasing process. You may decide to hire a translator to assist with things like negotiations and paperwork unless you find a local agent who speaks your language.   Difference in currency Investing in foreign real estate involves dealing with different currencies. Fluctuations in exchange rates can impact the value of your home and potentially increase or decrease your return. Stay informed about currency trends as you navigate your purchase.  Culture  Understanding the country's culture where you plan to buy a second home is essential. Research things like the country’s political stability, social customs and overall feel for various regions or neighborhoods. Be aware of cultural faux pas or scams targeting foreign buyers.  Confidently buy a vacation property abroad with Pacaso Ready to find your dream vacation home? Contact our team to explore our curated

The holidays are a time for family and reflection, and Pacaso is making it easier than ever to invest in those moments. Pacaso will cover the first three months of operating expenses for select homes purchased by Dec. 31st, 2024. Life doesn’t wait, and neither should you. There’s something magical about the holiday season — the way it brings people together, creates space for traditions, and gives us the chance to slow down and appreciate what matters most. A chance to look ahead and think about the next year just a little better. Life doesn’t wait. This season, make the choice to invest in time and in the experiences that truly matter. The perfect time to start living your best life is now. What does that look like for you? Cuddling up by the fire in Vail, surfing in La Jolla, or taking in the sound of ocean waves with friends and family on Kiawah Island? Wherever your dream escape lies, Pacaso makes it easy to turn that vision into reality. To make memory making even more seamless, we’re offering 5 ideas for where new traditions can begin This one-of-a-kind retreat features breathtaking views, newly remodeled amenities and privacy in one of Cabo’s most exclusive communities.  Immersed in the beauty of Colorado’s Rocky Mountains, this Vail Townhome boasts lush surroundings and updated amenities.  Nestled in the heart of Park City’s Old Town, this cozy, modern home is perfect for après ski relaxation with its central location and thoughtful design. Step into this newly remodeled oceanfront villa on Kiawah Island, South Carolina’s coastal treasure, for the ideal seaside escape. Resort-style living meets the comforts of home in this San Diego treasure, complete with panoramic ocean views and elegant indoor-outdoor spaces.

Recent interest rate cuts by the Federal Reserve have spurred enthusiasm in the real estate market because even small changes can have a significant impact on real estate purchasing power.  The Fed cut rates .5% in September and .25% in November, lowering its benchmark borrowing rate by three quarters of a point in 2024. While the Federal Reserve does not directly set mortgage rates, the changes in its benchmark rate does influence real estate borrowing. With this lower benchmark target, first and second home buyers should have more purchasing power and the ability to capitalize on real estate purchases. For Pacaso clients, who purchase shares of a luxury vacation home through our co-ownership model, lower borrowing rates translate directly to more affordability, better financing options and a generally enhanced ownership experience. In general, a lower Federal Reserve benchmark rate means lower borrowing costs for real estate buyers. Pacaso’s model already excels at supercharging buying power, making high-end properties accessible by splitting the purchase price and ongoing costs among multiple co-owners.  The recent cuts amplify this affordability. For example, rather than buy 100% of a $10 million Aspen home that you might only use 1-2 months a year, Pacaso enables you to purchase ⅛ to ½ of that same home, for a fraction of the price. You get the same enjoyment of the home, without the large price tag, and Pacaso tackles all of the headaches associated with owning the home.  Additionally, buyers can finance their purchase. Lower borrowing rates lead to smaller monthly payments. And with direct financing, Pacaso is already offering great financing options. With lower rates, your potential savings extend over the life of the loan, translating to more luxury living for a smaller price tag.  Pacaso gives buyers Pacaso also offers financing directly in order to make the purchase, and your ownership, as seamless as possible. You may be able to find a loan with your bank to purchase a second home, but the rates you find through Pacaso will likely be even more competitive and affordable than a traditional loan.  This is in large part due to our lending partnerships, and our growing experience in financing hundreds of vacation home purchases. Plus, Pacaso closings can happen in as little as one day so you can start enjoying vacation home ownership right away. One of the biggest advantages of decreased interest rates is the reduction in monthly payments. This can make owning a share of a luxury property more cost-effective than ever before. Lower monthly expenses allow buyers to allocate more resources to other important priorities while still enjoying the benefits of ownership.  For example, let’s take a $500,000, 7-year loan. At 10%, the total interest for this simple loan would amount to about $197,000. At 9%, even just 1 percentage point lower, the same borrower would save about $22,000, a roughly 11% savings, over the course of the loan. This shows how even small changes in borrowing rates significantly impact the overall price of a loan.  Timing of these cuts presents an opportunity for those looking to enrich their lives. In a recent The value of spending time with family and friends in combination with dollar maximizing strategies position Pacaso to serve you and your goals. From reduced monthly costs to enhanced financing, your buying power is truly amplified, and the benefits are clear. Pacaso’s

Many people dream of owning a second home, but the thought of an extra set of taxes, utility bills and maintenance responsibilities snuffs out any hope of making that dream a reality. But what if you could share the financial load (and workload) of home ownership with someone else? Read on to learn more about what joint tenancy is and how it can protect your rights as a homeowner.  What is joint tenancy?  Joint tenancies involve rights of survivorship. This means the ownership of the property passes straight to the surviving tenants upon the death of a deceased owner without going through the probate or court systems. Joint tenancy falls under the umbrella of joint ownership — when more than one person owns a share in a piece of real estate. In a The three main types of joint ownership are joint tenancy, How does joint tenancy work? Any two people can form a joint tenancy; they don’t need to be married (though this is  common). With joint tenancy, co-tenants have equal interest in property ownership, and each co-tenant has full access to the property. Tenants may occupy the property together or separately.  What are the rights of survivorship?  Rights of survivorship exist within a joint tenancy agreement. This means that if What are ownership rights?  Property ownership can look different depending on the legal conditions laid out in your agreement. Broadly speaking, Benefits of joint tenancy Unlike a This includes but is not limited to earned equity in the home, the right to sell (as long as it’s in keeping with the joint tenancy agreement) and free use of the property according to your share.  Affordability The cost of a home doesn’t end with the purchase price. Insurance, taxes, maintenance, utilities and HOA fees stack up, and having one or more joint owners to share costs can significantly lighten your financial load.  Plus, rather than shouldering the full cost of a home, joint tenancy of property lets you cut that cost in half — or even more. This can greatly increase your buying power and help you get more home for less money.  Protection Joint tenancy lets you share the less-than-fun tasks of home ownership and maintenance with Plus, if the property is occupied regularly, it prevents maintenance issues that arise from neglect. Someone is more likely to be around to notice when there’s a leak or a crack, or a fallen branch that needs attention. Easier legal process Surviving co-tenants don’t have to deal with probate, the drawn-out legal procedure the court system utilizes to validate wills due to the right of survivorship. Regardless of whether the decedent made a will, the surviving co-tenant(s) have instant access to their part of the property without having to go through probate.  Convenience Joint tenancy can also offer a consistent vacation experience. Rather than scrambling to find open dates in a rental with good reviews or stuffing yourself and your luggage into a questionable hotel room, joint tenancy in a second home gives you the freedom for last-minute trips and packing light.  Cons of joint tenancy The strict regulations of joint tenancy can protect you if a co-tenant tries to profit from your investment, but those same conditions may make it difficult for you as well. Co-tenant relationship challenges Difficulties may develop if the relationship between co-tenants alters. Co-tenants must agree on decisions regarding the property, and this can be increasingly difficult if disputes arise. Without the expressed consent of all co-tenants, nobody can sell their portion or the entirety of the property. For example, if a married couple shares joint tenancy of a property and decides to divorce, they will still be held accountable for paying all debt until the person who receives the full stake of the property refinances.  Increased responsibility  If a co-tenant falls under financial hardship or loses employment, the other tenants must agree to continue keeping up with mortgage payments to avoid the property going into default.  Joint tenancy vs. tenancy in common Joint tenancy and tenancy in common both involve property ownership and provide similar The most significant difference between joint tenancy and tenancy in common is that joint tenancy provides equal shares for all parties, whereas tenancy in common has unequal shares and various interests. Interested in a more hassle-free way of owning a second home? View Pacaso

Picture this: You’ve been researching Although the luxury real estate market continues to change due to economic factors like inflation and interest rates, your dream of owning a luxury home doesn’t have to. Read our guide to learn about the top eight luxury real estate trends of 2023. 1. Small homes are becoming more luxurious Smaller homes are becoming more popular among luxury home buyers, with small luxury houses selling Smaller homes may also be cheaper and easier to buy with cash. Downsizing into a smaller primary residence or 2. Luxury houses are in a seller's market The housing market as a whole has seen impressive growth over the last couple of years, but the luxury real estate market still managed to surpass the lower tiers. In May 2023, the luxury real estate market saw a sales ratio of One explanation for this growth is that wealthy Americans are less affected by volatile job markets. Being able to work remotely without interruptions to their income has put them in a prime position to take advantage of lower mortgage rates. 3. The luxury real estate market becomes more globalized Due to a strong U.S. dollar, international real estate purchases are expected to increase in 2023. In fact, Meanwhile, foreign investors are taking an interest in states like Texas, California and Florida. China was the biggest investor, purchasing over 4. Large market luxury home median prices are increasing Metropolises like Los Angeles and Austin are experiencing higher median prices for their luxury listings in 2023. In fact, over 24% of Austin homes are being listed at The increase in luxury home prices is redefining what the luxury market will look like in desirable locations across the United States. For example, the small luxury market of East Honolulu may lack the volume of buyers that big cities have, but 5. Buyers are paying for luxury homes in cash All-cash sales comprised 26% of transactions in November 2022, up from 24% a year earlier, according to Since luxury real estate is a highly desirable and competitive market where buyers often face multiple offers and bidding wars, paying in cash can give them an edge over other buyers who need to finance their purchase with a mortgage.  This, coupled with recent 6. Rising interest rates are causing fear in the luxury real estate market The current state of the economy is causing some buyers to hold off on their luxury home prices, with Over 7. Luxury second home ownership is on the rise Many people have avoided Now that more people aren’t tied to one specific location for work, they feel they can get the most out of their money with a second home. In fact, The luxury home market is also seeing gains in And with a 8. Investors are adding to their portfolio In 2022, there was a Luxury real estate has the tendency to be less volatile and more resilient than other types of real estate, especially during economic downturns. Investors can also create a cash flow opportunity from these properties by turning them into luxury vacation rentals. High-end real estate often appreciates faster and higher than average properties, due to their scarcity, exclusivity and desirability. Investors can benefit from capital gains and equity growth over time. The luxury real estate market is no stranger to change, and 2023 has a lot in store for high-end home seekers. Whether you're searching for a new primary or secondary residence, our insights can help you find the

Travelers seeking adventurous stays without the hotel price tag enjoy the convenient features Let’s find the best option for your next vacation. Sonder vs. Airbnb rental types Sonder, on the other hand, is a boutique-style hotel found in over 40 cities across the globe. Guests only have the option to book entire units and are supported by Sonder staff rather than individual hosts. Sonder generally caters to short-term stays and provides hotel-style amenities like bathroom supplies and coffee. Sonder vs. Airbnb user interface Both vacation rental websites have convenient apps you can download on your mobile device. While searching for a place to stay, both rental sites offer these filter options: Given the appeal of Airbnb’s unique stays, not all rental units have Wi-Fi, television or even electricity. However, guests can browse through extensive accessibility features and choose to stay somewhere that meets their needs. All Sonder stays are equipped with high-speed internet and contactless check-in. Sonder does not currently offer Sonder vs. Airbnb selection Given that Airbnb has various rental types in almost every country in the world, guests in need of a stay right away may have better luck on Airbnb. The rental site also specializes in exotic vacation destinations for travelers eager to get off the beaten path.  If security and a seamless check-in experience are your priority, Sonder has you covered. Since its listings are only available in major cities, Sonder vacation rentals can be a great option for those visiting tourist destinations. Sonder vs. Airbnb prices and fees Sonder charges a set rate for every unit it lists. This fee includes the price of lodging, cleaning and administration. The only other fees guests will be responsible for are tax and cancellations.  Sonder offers a Flex Rate at checkout that offers guests free cancellation and a full refund on their booking for a premium. However, bookings canceled within three days of a reservation do not qualify for a refund or free cancellation. Airbnb, on the other hand, charges a service fee for using its platform and a cleaning fee that can vary depending on the host. Guests can choose the Refundable Rate at checkout for free cancellation within 48 hours and a partial refund a week before the scheduled stay. AirCover by Airbnb is a free comprehensive coverage plan that guarantees all guests a similar or better booking in the event that they cannot check into their accommodation, the host cancels on them within 30 days of their booking or their unit isn’t as advertised. If a similar or better unit is not found, guests will be given a full refund. Sonder vs. Airbnb reviews Airbnb offers both guests and hosts up to 14 days to leave a review. A review is not mandatory for either party, and only hosts are able to respond to reviews left on their listings. Since guests have up to two weeks to share feedback, you may not have access to the most recent experiences of previous renters. Unlike Airbnb, Sonder does not have a rating or review system on its website. Since the platform chooses to operate like a hotel, each listing shares what guests can expect when they book the unit. Third-party reviews, however, are readily available on mainstream travel sites such as TripAdvisor and Booking.com, similar to hotel stays. Sonder vs. Airbnb customer service The Sonder app grants guests access to 24/7 customer support, and in-person attendants are available if virtual communication is unable to resolve the issue. Customer service at Sonder is able to provide guests with fresh towels, coffee refills and no-contact check-ins and checkouts. The customer service experience at Airbnb depends on the listing and the host’s level of involvement. Airbnb provides 24/7 virtual chat services to all guests under its AirCover coverage plan, however, in-person representatives are unavailable. Hosts may be available to help resolve issues, although this depends on the listing and is not consistent within the platform. Sonder vs. Airbnb safety Sonder emphasizes security and health safety within each of its buildings, and guests can select listings with a doorman for an additional layer of comfort. Contactless check-in helps keep guests safe while traveling and units are cleaned after each booking. Airbnb allows guests to share their itinerary with family and friends, which is especially helpful for solo travelers who prefer to stay in remote areas. It is the host’s responsibility to clean and maintain their listings,  the hygiene standard can vary across bookings. Contactless check-ins are available but are not standard. Another option for long-term stays: Second home ownership Sites like Airbnb and Sonder offer convenient booking options for occasional adventures. Travelers who find themselves drawn to the same destination, however, have another option that can save them money in the long run. Rather than wasting time and money looking for vacation rentals, you own a home that you can return to year-round and enjoy a consistent luxury experience. As a co-owner of a Pacaso, you can choose the amount of ownership that's right for you and schedule stays in your home. Pacaso acts as the property manager, taking care of the interior design, furnishings, cleaning and maintenance, as all you have to do is show up and enjoy. So when it comes to Sonder vs. Airbnb, both rental websites offer guests a convenient way to travel internationally. But is one better than the other? That depends on what you need out of your vacation rental. However, if you frequent a particular destination and are searching for a secure and comforting way to enjoy your favorite place, owning a

1. Get an experienced real estate agent Don’t underestimate the value of hiring an experienced real estate agent who knows how to sell million-dollar homes. The process for selling a luxury home is significantly different than the process for selling an average-priced home in a typical suburb, and it’s important to have an agent who understands what buyers are looking for and how to showcase it. Experienced agents can not only help you prep, list and market your home, but they can also use their connections to reach out to other agents and brokers to find buyers who are looking for homes like yours. 2. Know your property’s strengths Pay attention to what buyers are looking for in your area, and be sure to highlight those features in the sales listing – especially if they’re rare. For example, if you live in a city and your home has a large yard, that can be a huge draw for buyers. Features like extra closet space, wine cellars, fireplaces, swimming pools and rooftop decks can also spark interest in a property. An experienced local real estate agent familiar with your competition can help identify your home’s standout features. 3. Make your home irresistible  Most luxury home shoppers aren’t looking for a project property, so make sure your home is move-in ready. Simple updates can make a huge difference: a fresh coat of paint, new high-quality fixtures, freshly polished floors, new carpeting and professional landscaping. To take things up a notch, hire a professional to stage the property with upscale furnishings and decor. Stagers help draw attention to the home’s best features, like having plush towels by the sauna or dinner party place settings on the dining room table. Their work helps buyers envision what it’s like to live in the home.  4. Create stunning visuals  Once your home is looking its best, your agent will arrange for top-quality photos and video footage of the property. Remember, the quality of your listing sends a distinct message about the quality of your home. Consider drone photography and video footage that includes life and movement, like a luxury car coming down the driveway or someone relaxing by the pool. You’re not just selling a home, you’re selling a luxury lifestyle. In addition to all major real estate listings sites, you can post photos and video on your social media channels.   5. Educate potential buyers  Your home and community likely have hidden perks that buyers won’t know about unless you tell them. In listings and social media posts, be sure to highlight home features like smart security, home automation, central vacuums and heated floors. You might also want to share your favorite area restaurants, parks and other points of interest. These little extras can give your listing the added boost it needs to make it to the top of buyers’ lists. You may also want to host an invite-only party (in addition to agent open houses) to give brokers and potential buyers the full picture of what your home has to offer. 6. Price properly It may be tempting to pick the real estate agent who’s promising the highest list price for your property, but agents who know how to sell million dollar homes know that “comps” are key. Make sure your agent is basing your list price off competitive market analysis research, and have them explain their numbers. Keep in mind that listing strategies vary by market; sellers in some markets do well with bidding wars while others know it’s better to ask for top dollar up front and negotiate down. Again, an experienced real estate agent will know the ideal strategy to sell your home quickly for the best price.  7. Know when to list Mother Nature can be one of the best marketing partners you’ve ever had – or your worst enemy. If you’re selling a mountain lodge close to a ski resort, listing in the snowy season gives buyers the opportunity to see their future million-dollar home looking like a picture-perfect winter wonderland retreat. Likewise, sparkling water views sell great in the heat of summer, but if they’re in a hurricane zone it’s safer to aim for spring instead. Use your area’s climate and your home’s character to choose a season that will showcase your property’s best features. 8. Be patient  When it comes to knowing how to sell million-dollar homes, one secret the pros don’t always share is this: It takes time. Again, it’s a niche market, and it’s kind of like dating – just like you have to kiss a lot of frogs before you find your prince or princess, your home might have to have a lot of walk-throughs and showcase parties before it finds its future owner. In the meantime, trust the process, work with your agent and stay the course.   

When it comes to buying a house — whether it’s a primary residence or a vacation property — doctors are in a unique situation. Many doctors are considered high earners, but it can take years for the hard work to pay off. What’s more, many younger doctors are saddled with a large amount of student loan debt, which can make qualifying for a mortgage trickier than it might be for other buyers.  Whether you’re just considering buying or are thinking of adding a second home to your real estate portfolio, here are a few things doctors should consider, from how much you can afford to how to approach the process.   What salary do I need to afford a million-dollar home? Conventional wisdom says that you need an annual salary somewhere around $200,000 to afford a million-dollar house, but it all comes down to your individual financial situation. If you’ve managed to save a large down payment — 20 percent or more — your monthly mortgage costs will be lower than if you have a meager down payment. Interest rates also play a big role in home affordability. What was affordable with the historically low interest rates of 2020-21 may be more of a stretch with rates that are significantly higher.  You’ll also want to consider monthly costs above and beyond your mortgage payment. This includes things like HOA dues, utilities, maintenance, insurance and property taxes.  When is the right time for a doctor to buy a home? Buying a house is a big financial commitment, and it can take a significant amount of time to gain enough equity to offset the upfront purchase expenses like closing costs, repairs and moving expenses.  It’s common for doctors who are just starting out to move frequently, in pursuit of a specialty program, new opportunity or fellowship. In this busy career phase, renting may make more sense until you land a long-term position.  Buying a first house during residency Deciding to buy your first home is a milestone for all kinds of buyers, but physicians have a couple of additional financial realities to address during the application process.  If you’re a newer doctor, your loan debt may be high and you likely haven’t secured the salary of more established colleagues. This hurdle is specifically high for those buying a house during their residency.  A core part of getting approved for a mortgage loan is meeting the debt-to-income ratio requirements, or DTI. This is a calculation that compares your monthly debt obligations to your gross income. It’s a way lenders can be reassured that you’ll be able to repay your loan without defaulting.  Most medical school graduates have significant student debt. According to the Association of American Medical Colleges, anywhere from Enter the physician mortgage loan. Also called doctor loans or medical professional loans, these mortgages are specifically designed for doctors whose highest earning years are yet to come. These loans may have low (or no) down payment requirements, no requirement for private mortgage insurance (PMI) or more generous qualification criteria. Ask your mortgage lender for more information about this loan option.  Purchasing a second home as a doctor  As your career progresses, you may want to consider buying a second home. Being a physician is time-consuming and stressful, so it’s nice to have a place of your own to relax and unwind. Imagine cozy weekends in a mountain cabin, summer vacations in a sunny lakefront retreat or watching an ocean sunset from your private patio.  Pacaso is a great solution for busy professionals in a wide range of occupations to buy a second home. Ownership is shared among up to eight co-owners, which means that your upfront investment is lower. And we have homes in Co-owning a second home with Pacaso is a smart option for busy doctors, as it gives you the benefits of second home ownership without the work. Your dedicated property manager takes care of maintenance, repairs, cleaning and making utility, insurance and tax payments. That means that every time you’re ready to relax, you can just show up, unpack and unwind.  Our

The only constant is change, and with each season of life, what you need in a home may evolve. If you’re one of the over 22 million It’s a great time to Renovation dreams? For many empty nesters, renovating simply makes more sense than moving. If you love your location, and don’t want the hassle and expense of selling a home and buying another, renovating may be the right solution.  A great contractor and renovation crew can help you reconfigure your space to be ready for this new phase of your life. You might want to convert a child’s bedroom into a new craft space for yourself, add a sauna to your bathroom or create a wine cellar in your basement. The possibilities are nearly endless.  What empty nesters look for in a home If selling your existing home and buying something new sounds like a good option for you, consider these seven things that many empty nesters look for in a home. 1. Less square footage  Downsizing into a smaller home is one of the most popular choices empty nesters make. After all, without children living at home, you may not need or want as much space. More square footage equals more cost and more maintenance, which is why many empty nesters decide to downsize. Downsizing can also free up home equity, which can be used to fund retirement expenses — or purchase that 2. More luxury While many empty nesters choose to move to a home with a smaller floor plan, they don’t necessarily want to downsize the quality of finishes. In fact, buying a smaller home often leaves room in the budget for luxury touches. It may just be the perfect time of life to treat yourself to an upscale environment — think hardwood floors, 3. Single-floor living Savvy empty nesters take a forward-looking approach to purchasing their home. If you plan on staying in the home for a long time, you may want to look at a ranch-style or rambler home — a property with a single story where the primary bedroom, kitchen, bathroom and laundry are all on the same floor. As you age, you may be glad you don’t have to navigate stairs as you move around the house. You may even want to take it a step further and look for a home that was built with accessibility in mind, featuring walk-in showers, wide doorways and plenty of natural light.  4. Low maintenance  Some people love having a to-do list around the home, whether that’s taking on everyday maintenance tasks or creating a beautiful garden. But if you would prefer to spend less time on home maintenance and more time enjoying pursuits outside the home, you might consider buying a home that will require less of your precious free time. This might mean buying a brand-new home with a warranty, choosing a home with a smaller yard or purchasing a condominium or townhouse where some maintenance tasks are handled on your behalf.  5. Home office space The majority of people become empty nesters between the ages of 40 and 60, which means most are still hard at work. With more people working remotely, a home with dedicated 6. Lifestyle-friendly Empty nesters have more time to focus on their 7. Perfect location Is a change of scenery in order? Entering the empty nester phase is the perfect time to reconsider your Speaking of location, the empty nesting stage of life might just be the ideal time to buy a second home. Without the packed schedule of school events, sports practices and sleepovers, there's more time for you to get out of town. Pacaso puts second home ownership within reach — our unique

The term “ How old are empty nesters? Empty nesters are typically in their late 40s, 50s or 60s. Collectively, people in this age range make up 40% of home buyers and sellers, according to the What are the main characteristics of empty nesters? There are over 22 million empty nesters in the United States. Many still work full time and are often in a time of financial transition. Some may no longer be financially responsible for the everyday expenses of their children — things like food, clothing and activities — and may find themselves with more disposable income. Others may be on the hook for college tuition, housing and food. Still others may be juggling increased taxes if they no longer have dependents to claim.  What is empty nest syndrome?  It may take some time for parents to adjust to the new normal of no children in the home. Parents often report feelings of grief, a loss or purpose and loneliness after the children move out. This is called empty nest syndrome. For most people, these feelings pass over time as they learn to navigate their new reality.  While entering the empty nest phase of life represents the closing of one chapter, it also represents the beginning of another — one with more time to focus on other parts of life, like relationships with partners and friends, hobbies and travel. It also offers an opportunity to get to know grown children as adults, which can be very rewarding.  How can you make the most of the empty nester stage? Once the dust has settled on the initial transition, usually after two to three months, you may find yourself ready to Many empty nesters decide it’s the right time to reconsider their living situation. This might include downsizing the family home, renovating to meet future accessibility needs or buying a second home in a favorite vacation destination.  If a second home is on your empty nester bucket list, consider Pacaso. We offer luxury second homes in

A second home is a place to enjoy a break from your everyday routine. Comfortable furnishings, standout amenities and beautiful surroundings are key parts of this experience. Transforming a home into a relaxing Pacaso takes a lot of hard work and dedication by our talented team. How do we do a home makeover? The work begins before the owner sets food inside their home — during a process we call onboarding. Where the magic happens Onboarding a home means getting a home completely stay-ready for its owners. The process involves multiple members of our Crew, from the design team mocking up designs and procuring the right decor to the home operations team placing furnishings, amenities and supplies where they need to be.  Making a home Pacaso-worthy is their singular objective. Pacaso-worthy means a second home that is modern and comfortable — a  place where owners don’t feel the need to add anything to feel at home. We accomplish this both through our The transformation Once all the finishing touches are in place, we want every owner to feel like they belong. When owners walk into their second home, we want it to take their breath away. They should feel relaxed, comfortable and instantly at ease, knowing all they have to do is show up and enjoy their Pacaso. See how a Palm Springs second home was transformed into a wow-worthy Pacaso in this video. Find your own beautifully designed second home and experience the Pacaso lifestyle for yourself. See our

A Luxury home office ideas 1. Great lighting A thoughtful lighting scheme can make all the difference in how you feel in your office space, how much you’re able to get done and how you look on your video calls! Say goodbye to the terrible fluorescent lighting of the office and experiment with a combination of ambient and task lighting until you find the right blend for your needs. Natural light is also great for home offices. Just be sure to position your desk so you get all the benefits of sunlight coming through the windows without the harsh glare on your computer screen or too much back light for video calls.  2. Quality furnishings  A home office presents the perfect opportunity to ditch standard-issue office furniture and invest in quality pieces that are both beautiful and functional. Why spend your day in a clunky rolling office chair when you could instead take your calls from a stylish, supportive leather armchair? Surround yourself with upscale furnishings like a statement desk, a distinctive lamp and built-in bookcases. Stylish office furniture is available in a wide range of design styles, whether you like a more traditional look, contemporary design touches, a sleek modern desk or something entirely unique. Since the space is just for you, it’s the perfect place to show off your unique design aesthetic. 3. A distraction-free setup One key to home office success is making sure your space is purpose-built for productivity. Space allowing, resist the temptation to make your home office do double-duty as a guest room, a media room or a storage closet. Having a Another easy but effective way to defeat household distractions? A door. It sounds simple, but having a separate, closed-off area for work helps others in your household know when you’re busy and shouldn’t be distracted. A door also helps you mentally “close up shop” at the end of the day — simply turn off the light, shut the door, retreat to your living space and leave work behind until tomorrow. 4. Luxury touches  You spend a lot of time in your home office, so it should be aesthetically pleasing. Thoughtfully selected accessories like framed photos, artwork and tasteful memorabilia can give your office space a warm, personal feel that’s unique to you. A few 5. Serious storage When you are hopping between calls or spending the day heads-down on an important project, it’s easy for your workspace to get messy. From notepads and pens to charging cords to printers, there are a lot of must-haves in a home office, and everything needs a place. Further complicating the issue is the fact that, if your home office isn’t a repurposed bedroom, you may not have a full closet or dedicated storage space at your disposal. Invest a bit of time and money into some organizational solutions. Think floating shelves, a filing cabinet, desktop organizers or a series of baskets — whatever you need to have a clear desk…and a clear mind. 6. All the tech For a home office to be truly functional, you need all the technology solutions you rely on in a traditional office setting. For most people, this means a computer monitor that gives you more working space than your compact laptop screen, reliable data storage, a printer and scanner and a strong router (along with super-fast WiFi, of course). You may want to up the ante by adding some creature comforts, like a coffee maker, a mini-refrigerator for snacks and an air purifier or humidifier. 7. A stylish background For many work-from-home professionals, Zoom calls have replaced in-person meetings. And if you’re the “camera on” type — or if you are required to be — it’s nice to have a professional-looking backdrop. Think through where you can place your desk to give you the best setting, then decorate with a carefully curated bookshelf, artwork, houseplants or some combination.  8. A great conversation piece  Whether you meet clients in your home office or your office is your private sanctuary, every home office benefits from an inspiring focal point. This could be a stunning art piece, a stately fireplace, a gorgeous accent wall, a piece of antique furniture, or a floor-to-ceiling window. Whatever you choose, it should inspire you and spark conversation. A word on workcations While there’s no substitute for a work-free vacation, many professionals are taking advantage of the ability to work from anywhere by planning workcations (or working vacations). The best scenario for a workcation is having a job where you can work remotely and a destination with reliable internet and a distraction-free home office. Another option is a hybrid workcation/vacation. In this scenario, you might take a two-week trip to really immerse yourself in a destination with one week spent unplugged from work followed by one week of workcation before you head home. This arrangement gives you ample time to explore, without sacrificing all of your vacation time. Best of all, you still have evenings and weekends to take full advantage of the lake, city, Work from anywhere in your Pacaso  While you can surely work from a hotel room or vacation rental, doing your job from your dream second home is a best-case scenario. You’ll have all the creature comforts from home (a fully furnished, professionally designed and decorated home) but in a crave-worthy vacation destination. We’ve even curated a collection of As the co-owner of a Pacaso second home, you’ll have ample opportunity to enjoy your retreat throughout the year. Our app makes scheduling fast, easy and equitable, and when availability allows, you can book a stay with as few as two days’ notice. 

Go from “someday” to “today” — co-ownership can help you stretch your second home budget. See what’s possible with these five incredible Pacaso properties, each available for less than $700,000. West Shore —  $558,000 for ⅛ ownership A light-filled home with an expansive deck, Sparkling Creek —  $547,000 for ⅛ ownership Desert Haven —  $600,000 for ⅛ ownership Discover expansive, open-concept living and chic contemporary architecture at Las Flores —  $619,000 for ⅛ ownership Wake up to Pacific Ocean views and the sounds of crashing waves. Wood Creek — $663,000 for ⅛ ownership For summer fun on the lake or winter days on the slopes,

Stop dreaming and grab your piece of paradise. These four tropical second homes offer luxury living in sunny destinations. Don’t forget your sunglasses! Stunning South Maui  Located on iconic Wailea Beach, Pacaso listing: Baja bliss  Spend sunny days exploring everything the Los Cabos area has to offer, from watersports and golf to shopping and dining. Then, come back to Pacaso listing: Balboa Island charms  With a unique combination of French-inspired design and an enviable location on Newport Beach’s exclusive Balboa Island, Pacaso listing: Cruisin’ in Santa Cruz  Embrace Santa Cruz’s laid-back surf vibe at Pacaso listing: Sonoran sunsets  A gated mountaintop retreat, Pacaso listing:

Second home buyer: George, Bay Area entrepreneur George is a long-time Bay Area resident and tech company CEO, and with three kids between the ages of 7 and 12, he felt the time was right for a second home where his family could take a break from their busy lives. He wanted a location that felt like an escape but was still easily accessible by car, and served as a welcome gathering space for his immediate family as well as extended family and friends.  The situation George’s second home vision started as a building project. He had been researching the When George and Anne learned about Pacaso, however, they were intrigued. As a tech entrepreneur with an eye for innovation, George embraces forward-thinking business ideas.  “We are big believers in the shared economy,” said George. “What was compelling about Pacaso was it was ready and available now, and it was clear the team had really thought about what the shared economy looks like for vacation homes, and what would it look like for me and my wife who want to take advantage of a second home but are busy and active in our work lives. We're not retired or close to it, so I'm not going to be occupying a second home more than 15% tops. It's a perfect product for someone like me, and that helped us move forward quickly and become owners of a Pacaso home.” Although Pacaso was relatively new, George was familiar with the co-ownership concept and felt confident in his purchasing decision. In fact, he sees Pacaso as the model for second home ownership: “This is the way the future is going, and the way a vacation home should be leveraged by a person like myself.”  Still, there were a few important details George wanted to discuss before committing to a purchase. “One of the biggest hurdles for any buyer is understanding Another concern was how co-owners might treat the home. “What I liked about the contract was that it made it very clear that every owner is expected to be a true owner,” said George. “It presents a deliberate point of view about how you should think of and value your home, which sets the right tone.” Since purchasing their Pacaso, George and his family have loved staying at their home, and any misgivings about others’ care of the property have been erased. In fact, they’ve referred friends who ended up buying a share. A key factor in their enjoyment? Not having to deal with maintenance or other hassles of ownership.  "We don't have to worry about things like a leaking sink, and when we noticed that the Wi-Fi wasn’t great outside, we talked to Pacaso and they took care of it,” said George. “We get the advantages of using the home in the way we want without all the downsides of owning a second home, and that’s because of the Pacaso team.”  George has also been impressed with the ease of scheduling time at their home. “One of the most positive aspects is how well Pacaso thought about the app — when owners can get access, how much time they can schedule, who can book. We look at the calendar and know what we can plan, and it's been pretty awesome.” Conclusion For George and his family, their Pacaso ticks all the boxes: It’s an escape from the city, a comfortable place to gather with loved ones, and a practical alternative to whole home ownership. “It's your home, but it's also a home that's well taken care of when you're not there. When we come back, everything is ready to go — we don't have to fix or clean anything — and when we’re there, we don't have to worry about all the typical homeowner issues, which allows us to maximize our time there. It’s an incredible thing.” And while the home itself is well matched to their needs, it represents so much more to George. It’s a place where he and his wife can watch their children grow into young adults.  “My kids are at a critical point in their lives, and their memories and the ways they think about family are being created as we speak,” said George. “To have a place that we can call our home and where we can separate ourselves from living and breathing the frenetic pace of Silicon Valley — having that time and memories that are so distinct from the Bay Area, that's huge. These are the formative years for our kids, and having this place for our family is really meaningful.” Find your Napa Valley getaway With gorgeous (and hassle-free) homes available throughout the

Growing up in Texas, Kevin Peranio had few opportunities to experience the thrill of fresh powder. After moving to the West Coast and starting a family, he was excited to introduce his children to the joy of skiing. Kevin and his wife Rebecca began exploring their options for a second home with easy access to ski slopes. “Our search was a couple of years in the making. Our kids are young, so I wasn’t in a big rush, but I was still eager and we knew we wanted something in a Second home destination: Park City After several idyllic visits to Park City, Utah, Kevin started scoping out properties in the area. Although the family enjoys local destinations like Big Bear, car rides with four young children — ages 2, 3, 6 and 8 — on winding mountain roads include the inevitable litany of “are we there yet?” at best, and one or more carsick kids, at worst. Their home in Newport Beach is minutes from the airport, and they find the short flight to Utah more convenient and relaxing than a long car trip. Ski town sticker shock The problem was finding a place they could afford. “Prices in Park City had been going up astronomically,” said Kevin. “My ideas about what I wanted and what I could actually afford were on two different levels.”  But then an opportunity opened up: A friend in the real estate business happened to mention Pacaso in an Instagram post. Kevin checked out Pacaso’s website and found a single listing in Park City. “I jumped on it right away. I was the first person to buy and the first owner to stay at the home. It was really exciting to be the first one.”  More home for less For Kevin, the cost savings of co-ownership were fundamental to his purchasing decision. “I couldn’t pay for this house in full. This is kind of a Texas phrase, but I have champagne taste and a beer budget. All the homes that I wanted to get into were really pricey, but co-ownership brought properties that I thought were out of reach into grasp.”  Beyond the price, the idea of Pacaso vs. whole homes and timeshares Kevin has a unique perspective on Pacaso, as his Park City home isn’t his first experience with second home ownership. “Owning a second home means dealing with maintenance, upkeep, furnishings — it’s a lot of work, especially if it’s far away. With Pacaso, I don't have to worry about any of that — it’s a breath of fresh air.”  How does that compare to his experience owning a whole second home? “We own another property in Rancho Mirage. It took forever just to finish the buildout and find subcontractors, and we have to drive there and deal with issues year-round. Two different second homes, and the starkest difference in upkeep.” The fact that Kevin doesn’t have to worry about his fully managed Pacaso doesn’t make him feel like less of an owner, however. “This is completely different from staying at a hotel or buying a timeshare. With Pacaso, you actually own a piece of this property and get appreciation. As an owner, you feel invested —  it’s not 100% ours, but you feel like it’s yours. You treat it like your home because it is. And then when I'm not using it, I don't have to worry about it.”  Satisfying his ‘champagne taste’ Kevin’s Park City Pacaso fulfilled all of his luxury home aspirations, which was a bit of a gamble, considering he purchased the property That care extends to the entire process of Adventure awaits in your Park City Pacaso For skiing, mountain biking, the Sundance Film Festival or just a place to get away, there’s nowhere quite like Park City. Co-ownership with Pacaso puts second home ownership in this mountain getaway within reach. Browse our collection of

Jason dreamed for years of owning a second home with his family. However, the thought of owning a second home didn't seem to be in the cards for him — until he came across Pacaso’s The right amount of time Despite wanting to own a second home, Jason felt that a whole luxury second home didn’t make sense financially, especially as a frequent traveler. “For me, staying in one city exclusively was not going to be realistic since we love to travel, and we knew we wouldn’t use it enough to justify buying a whole home.” Pacaso, however, provided the perfect solution. “Co-owning a second home was perfect for us,” Jason shared. “This is all organized by Pacaso to do exactly what I wanted: Using a few weeks each year I could spend in a second home, and sharing that with seven other families at a fraction of the cost.” Exceeding expectations Before buying his Napa home, Jason had previously thought of co-owning a home in Colorado or Utah. “I wanted to find what I call an ‘invisible unicorn’ home in the mountains. And the reason I called it an ‘invisible unicorn’ home is that I didn't know where this place was going to be. All I wanted was something that had beautiful scenery and mountain views.” After losing out on bids on homes in Colorado, Jason then set his sights on Napa — a place he’s been visiting for over 20 years. “It’s a wonderful place for my family to enjoy now, and by investing in this area, I’m able to get a feel for what it would be like to live here full time, which is something I’m considering when I retire.” Jason’s Pacaso checked all the boxes for his “invisible unicorn” second home. “The mountain views are sitting right in my backyard,” Jason shared. “I was looking for a more quiet and serene type of environment, and this home exceeds my expectations. And now, we welcome all of our family or friends to join us anytime they want to.” Part of the community  In addition to having a spectacular gathering place, Jason wants to get the most out of his community, from enjoying morning walks in this neighborhood and going horseback riding to visiting favorite wineries and exploring surrounding areas. The best part? Getting to slow things down. “When we stay at our Pacaso, we don't need to cram everything into a weekend like when we travel,” Jason said. “I’m treating it more as my time to relax. It’s my second home, and I finally feel like a local.” Jason sees his Pacaso — and the ownership experience — as completely different from a timeshare or vacation rental. “We’re one of eight families sharing a home, in the same way that I could purchase a property and share it with seven of my other friends. We own this home, just like others own their homes. We're not just passing through. We’re here to establish friendships with our neighbors and our community.” Make Napa your home away from home When you become a co-owner of a Pacaso home, you enjoy hassle-free ownership at a place that truly feels like home. Check out our

Curious about co-ownership? We sat down with a Pacaso owner during a webinar to chat about her experience of buying and owning a beautiful Pacaso in Florida. Our leadership team also answers guest questions about Pacaso co-ownership, covering everything from financials to design. "I thought it was too good to be true," shared Cheryl. "But I remember first walking into the home and being overwhelmed that the home was so beautiful. After our property manager left that day, I just started crying and said to my husband, ‘I can’t believe we have a second home Pacaso makes second home ownership enjoyable and possible for families looking to spend more quality time together.

Liesl had been looking for a second home in California Wine Country for some time. After losing an offer on a whole home in Calistoga, Liesl came across a Pacaso listing in Malibu. Although Malibu was not on her radar, she was so intrigued by the idea of co-owning a home that she decided to share the listing with her sister.  “I never would have even purchased a home in Malibu, but it was even more beautiful in person than in the photos, so we ended up with a Pacaso on the Pacific Coast Highway,” Liesl shared. “We totally love it.” Then, after coming across another appealing Pacaso listing in Calistoga, Liesl fell in love with that home as well and decided to buy her second Pacaso.  A home for many occasions Beyond it being in her dream destination, Liesl loved how much “home” she was getting. “It was a much bigger home than I could afford,” she said about her Calistoga Pacaso. “We have a big family. We needed a big house for all of us to gather.” The big surprise was getting to use her home for other purposes, too. “The only reason I had gotten the home was for our big family, but it’s great for friends too. And, I could bring my dog. It’s great,” Liesl shared. The ease of ownership Liesl likes that her Pacaso homes are completely Another part of this ease is having a A familiar community to call home Having a second home offers limitless options for fun and relaxation. “In Malibu, we like to find local restaurants and shops, go on hikes and go to the beach. In Calistoga, we hardly left the house the first weekend we were there. We just enjoyed the house — we had friends over, and we played games, pickleball, bocce ball and board games, and we swam and we cooked.” Liesl also recounts a positive experience meeting a neighbor in Malibu. “So, he goes, ‘Oh, you're one of the Pacaso owners. That's great. Welcome to the neighborhood.’ I thought there'd maybe be a little resistance. But I would say this: It's my home, and I would treat it as my home. I want to get to know the community and be a part of the community.”  And for Liesl, there’s immense value in having a home where every aspect is familiar, from supporting her favorite local restaurants to knowing where the pots and pans are in the kitchen. “I run a pretty busy life being a CEO with two kids,” she said. “Being able to go somewhere where I know I'm not going to have to do a lot of work to prepare … it all goes back to having that place where you can unwind faster.” Find your place to unwind When you co-own a Pacaso, you enjoy hassle-free ownership at a place that feels like home — because it is. Whether you’re looking for a Wine Country retreat or a home on the coast, check out our

Chris and Julie previously owned a second home in South Lake Tahoe, using it for family vacations and as a rental. “We love the idea of having a home, but we didn’t need it full time. The workload that went into renting it out — there was a lot,” Chris said. “We did great with it, but it was a lot of work.” They sold the property in 2020 and started looking for a more manageable home on the north end of Lake Tahoe. During their search, they came across Pacaso’s co-ownership program. Chris and Julie were won over by Pacaso’s price, flexibility and amenities, and the true ownership experience stood out. New, comfortable and impressive The couple loved the idea of owning new construction at a price within their budget. “We figured, the new home aspect would be less wear and tear in the long term,” Julie shared. In addition, since Julie and Chris consider themselves as more “summer people,” a new home in a different area of Tahoe would provide more options for enjoyment.  But it’s not just the newness of the property — the couple is amazed by the home’s design and feel. “I think the most difficult part is having to come home to our main home,” said Julie, who’s a fan of interior design. “I love this house, and it is amazing. I think the design team did a phenomenal job.” As owners who had rented out their second home, the couple also appreciates how Pacaso takes care of the maintenance and adds special touches to make them feel at home. “The hot tub, furnishings, outdoor furniture and fire pits are all comfortable. You have everything you need that you can think of, and that makes me feel really good,” said Chris. “We’re going to impress our family and friends whenever we go there. And we’re always going to have a comfortable stay because of that.” Julie added, “It’s really nice just to be able to walk in and not have to do anything.” Julie and Chris aren’t the only ones who are impressed. On a recent stay, the couple’s daughter and dog didn’t want to leave. “That was a really good sign the Pacaso team did well,” Chris said. The perks of true ownership Simplicity and comfort aside, a massive benefit for Chris and Julie was having true ownership in their second home. “There’s a sense of pride when you own a piece of a home. One thing that resonated with me during our last experience was that we did build a lot of traditions,” Julie said. “And it felt nice to have the same place to go to and make it your own. And it is your own.” This feeling of ownership makes their new Pacaso different from other offerings on the market. “I think there’s a lot of misconception out there with it being a timeshare,” said Julie. “It’s not a timeshare — we’re owning a home with eight people. We are able to have access to Tahoe and a beautiful home that we would not be able to afford on our own.” A second home is a special place With more moments on the schedule and plans to pass the home to their daughter, the couple views their Tahoe home as more than just a second home — it’s about going to a beloved destination that holds special meaning in their family. “I think our second home is an extension of our primary home and an extension of our family,” said Chris. “We can’t say that about our current home as much as we love it, because — at some point — you transition out of your primary home. But with a second home, it’s always going to be a place we go to that matters.” Look forward to coming to Tahoe Looking for a place to make memories in Lake Tahoe? When you co-own a Pacaso, you enjoy hassle-free ownership in a beautiful property that feels like home — because it is. Check out our

Angela and Nkem had been thinking about buying a second home for a while. A place on the beach was their dream, and they’d considered several areas along the Southern California coast — a manageable drive from their home in Ventura County. Their family loves to travel, but it’s not always easy. “Having 5 kids close in age, it’s challenging to do big trips or find a hotel room with enough space to accommodate us. We were constantly looking for places where we could create a home-like environment,” said Angela. Not long after they started getting serious about their second home search, Angela came across an ad for Pacaso on Facebook. “We’d been looking at real estate and second homes, and the Pacaso concept was completely different. I showed it to my husband and we started to explore their offering.”  They were impressed with what they found. “We looked at a bunch of different homes and narrowed it down to two locations,” said Nkem. “Then we started looking at homes in detail — it was important to understand the layouts and imagine all of us living in the space. When we saw a home right on the beach in Malibu, it fit all the parameters. Once we toured it in person, we could see it had everything we were looking for, and we made the decision to buy it later that day.” Crunching the numbers Among the key factors in choosing a Pacaso were cost, convenience and location.  And convenience? Angela added, “We have demanding careers, so Pacaso fits really well with our vision of how we want to spend our limited free time together.”  Life’s a beach As for location, a home on the beach with ocean views from every room is a dream come true. “Being able to say, ‘Let’s go to the beach’ and have that be a 20-second journey down the stairs is amazing,” said Nkem. Angela agreed, describing her ideal day at their Pacaso: “I look outside and see the kids playing and enjoying the ocean, and when they’re done, they can come right up and take warm showers. There’s no rush to clean up and pack and get all the sand off before getting in the car. We can just go about our day, living our lives without stress or schedules.” The kids are thrilled too. Their older daughter said, “We all love going to the beach, so getting a house right on the beach was perfect for us. I do beach volleyball tournaments right down the coast, so it’s great if we want to relax the day before we get there.” Her sister added, “We love to travel and create new experiences and memories that we can share. It’s important to have time to get away from the normal routine.” One of their sons chimed in with his favorite downtime activities at their Pacaso, which all the kids could get behind: “Sleeping in, watching TV, and eating pizza and sushi.”  Most of all, Angela, Nkem and their kids are just happy to have found a beautiful place to spend quality time together. “I can’t wait to invite family and close friends,” said Nkem. “I look forward to making memories there, whether it’s birthdays, holidays or no special occasion at all. Just a change of scenery in a place that feels like home.” Meet Angela, Nkem and their kids, and hear what they love most about their Pacaso.  Live the SoCal life with Pacaso  When you become a co-owner of a Pacaso vacation home, you just arrive, unpack and relax. And our Family-Friendly Second Homes™ make it easy to just show up and have fun — from cribs and high chairs, to games, pool floaties, streaming services and more, we have you (and your kids) covered. Explore our

Curious about buying and owning a Pacaso? In this exclusive webinar, you’ll hear directly from two Pacaso owners about why they chose Pacaso, their experience with scheduling, and tips for potential Pacaso owners.  "The scheduling has been super easy — we’ve been able to get all the weeks we’ve wanted to get," shared Scott. "We live close to our Pacaso so we’re able to take advantage of last-minute weekend trips when they’re available." "As soon as I walked in, I knew it was the right decision," said Marilyn. With Pacaso, families can own a second home without the hassle and spend more quality time together. Explore our

Purchasing (and owning) a vacation home can often feel like a maze of decisions and commitments. But A whole different value proposition Tracy's introduction to Pacaso was through an unexpected source: YouTube. "We watched every YouTube video until we understood the concept of shared ownership and were able to articulate it," she explains. For Tracy, taking time to research and understand Pacaso’s unique shared ownership model made it easy to grasp the benefits and logistics. One common misconception she gets among friends and family is the comparison of Pacaso to a timeshare. "I get questions about timeshare but the value proposition is completely different," she shares. "I’ve spent a good deal of time trying to educate people on what Pacaso is all about, and they use the same word: no-brainer. Why wouldn’t everybody buy a Pacaso?" A key feature that caught her and her husband’s attention was Pacaso's A place for loved ones to vacation One of the main motivations for Tracy was the desire to have an impressive space where she could bring her friends and family together. "We want to bring friends and family to a place where they could vacation too," she says. This vision has become a reality, with their Pacaso home becoming a beloved gathering spot. In fact, Tracy's Isle of Palms Comfort is also paramount for Tracy, and Pacaso also delivers on that front. "My whole family sleeps very well when we're in our Pacaso," she says with a smile. "I need that same bedding situation in my primary home!" It's the little details in a Pacaso home that make stays truly special. Memories that last forever Among her favorite memories are the simple, cherished moments spent with her loved ones. She recalls having lunch with her family for the first time in forever in her Pacaso, without the rush of a restaurant setting. Another treasured memory is an experience with her dad. "We were having a quiet moment sharing a glass of wine. My dad turned me to said, 'You’ve done good, kid,'" she reminisces, highlighting the real pride and happiness her Pacaso home has brought to her family. "Honestly, tears." Tracy’s journey with Pacaso illustrates the joy and convenience of the co-ownership model. It’s not just about owning a property — it’s about creating a haven for unforgettable moments with those who matter most. "It's the full package for us," she exclaims. With Pacaso, families can co-own a luxury second home in their happy place and make lasting memories year-round — without any of the hassles. Explore our

Lake Tahoe has always been a special place for Christianne and John. When finances made it difficult for them to continue owning there, they made the heartbreaking decision to sell their home. When the couple discovered Pacaso co-ownership, however, they realized they didn’t have to say goodbye to their dream after all. "The first time we came in and stayed at our Pacaso, I just couldn’t believe the dream had come true for us, in a way that we could’ve never imagined," said Christianne shared. Watch to see Christianne and John’s favorite things about their Tahoe home, plus Pacaso’s due diligence in the community response to co-ownership. Pacaso makes a second home possible and enjoyable for more people.

Recent interest rate cuts by the Federal Reserve have spurred enthusiasm in the real estate market because even small changes can have a significant impact on real estate purchasing power.  The Fed cut rates .5% in September and .25% in November, lowering its benchmark borrowing rate by three quarters of a point in 2024. While the Federal Reserve does not directly set mortgage rates, the changes in its benchmark rate does influence real estate borrowing. With this lower benchmark target, first and second home buyers should have more purchasing power and the ability to capitalize on real estate purchases. For Pacaso clients, who purchase shares of a luxury vacation home through our co-ownership model, lower borrowing rates translate directly to more affordability, better financing options and a generally enhanced ownership experience. In general, a lower Federal Reserve benchmark rate means lower borrowing costs for real estate buyers. Pacaso’s model already excels at supercharging buying power, making high-end properties accessible by splitting the purchase price and ongoing costs among multiple co-owners.  The recent cuts amplify this affordability. For example, rather than buy 100% of a $10 million Aspen home that you might only use 1-2 months a year, Pacaso enables you to purchase ⅛ to ½ of that same home, for a fraction of the price. You get the same enjoyment of the home, without the large price tag, and Pacaso tackles all of the headaches associated with owning the home.  Additionally, buyers can finance their purchase. Lower borrowing rates lead to smaller monthly payments. And with direct financing, Pacaso is already offering great financing options. With lower rates, your potential savings extend over the life of the loan, translating to more luxury living for a smaller price tag.  Pacaso gives buyers Pacaso also offers financing directly in order to make the purchase, and your ownership, as seamless as possible. You may be able to find a loan with your bank to purchase a second home, but the rates you find through Pacaso will likely be even more competitive and affordable than a traditional loan.  This is in large part due to our lending partnerships, and our growing experience in financing hundreds of vacation home purchases. Plus, Pacaso closings can happen in as little as one day so you can start enjoying vacation home ownership right away. One of the biggest advantages of decreased interest rates is the reduction in monthly payments. This can make owning a share of a luxury property more cost-effective than ever before. Lower monthly expenses allow buyers to allocate more resources to other important priorities while still enjoying the benefits of ownership.  For example, let’s take a $500,000, 7-year loan. At 10%, the total interest for this simple loan would amount to about $197,000. At 9%, even just 1 percentage point lower, the same borrower would save about $22,000, a roughly 11% savings, over the course of the loan. This shows how even small changes in borrowing rates significantly impact the overall price of a loan.  Timing of these cuts presents an opportunity for those looking to enrich their lives. In a recent The value of spending time with family and friends in combination with dollar maximizing strategies position Pacaso to serve you and your goals. From reduced monthly costs to enhanced financing, your buying power is truly amplified, and the benefits are clear. Pacaso’s

Picture this: You’ve been researching Although the luxury real estate market continues to change due to economic factors like inflation and interest rates, your dream of owning a luxury home doesn’t have to. Read our guide to learn about the top eight luxury real estate trends of 2023. 1. Small homes are becoming more luxurious Smaller homes are becoming more popular among luxury home buyers, with small luxury houses selling Smaller homes may also be cheaper and easier to buy with cash. Downsizing into a smaller primary residence or 2. Luxury houses are in a seller's market The housing market as a whole has seen impressive growth over the last couple of years, but the luxury real estate market still managed to surpass the lower tiers. In May 2023, the luxury real estate market saw a sales ratio of One explanation for this growth is that wealthy Americans are less affected by volatile job markets. Being able to work remotely without interruptions to their income has put them in a prime position to take advantage of lower mortgage rates. 3. The luxury real estate market becomes more globalized Due to a strong U.S. dollar, international real estate purchases are expected to increase in 2023. In fact, Meanwhile, foreign investors are taking an interest in states like Texas, California and Florida. China was the biggest investor, purchasing over 4. Large market luxury home median prices are increasing Metropolises like Los Angeles and Austin are experiencing higher median prices for their luxury listings in 2023. In fact, over 24% of Austin homes are being listed at The increase in luxury home prices is redefining what the luxury market will look like in desirable locations across the United States. For example, the small luxury market of East Honolulu may lack the volume of buyers that big cities have, but 5. Buyers are paying for luxury homes in cash All-cash sales comprised 26% of transactions in November 2022, up from 24% a year earlier, according to Since luxury real estate is a highly desirable and competitive market where buyers often face multiple offers and bidding wars, paying in cash can give them an edge over other buyers who need to finance their purchase with a mortgage.  This, coupled with recent 6. Rising interest rates are causing fear in the luxury real estate market The current state of the economy is causing some buyers to hold off on their luxury home prices, with Over 7. Luxury second home ownership is on the rise Many people have avoided Now that more people aren’t tied to one specific location for work, they feel they can get the most out of their money with a second home. In fact, The luxury home market is also seeing gains in And with a 8. Investors are adding to their portfolio In 2022, there was a Luxury real estate has the tendency to be less volatile and more resilient than other types of real estate, especially during economic downturns. Investors can also create a cash flow opportunity from these properties by turning them into luxury vacation rentals. High-end real estate often appreciates faster and higher than average properties, due to their scarcity, exclusivity and desirability. Investors can benefit from capital gains and equity growth over time. The luxury real estate market is no stranger to change, and 2023 has a lot in store for high-end home seekers. Whether you're searching for a new primary or secondary residence, our insights can help you find the

Pacaso's H1 2024 Earnings Call will provide an in-depth look at the company's financial performance and investment opportunities. Join Co-Founder and CEO Austin Allison, alongside CFO Alvaro Cortes. During this session, they’ll unveil key H1 performance metrics, share insights into Pacaso’s plans for growth, and explain how you can participate in our mission to make second home ownership more accessible. For more information on Pacaso and how you can join the journey, please visit

On Presidents Day, many across the U.S. celebrate the nation’s past, present and future leaders with a restful day off. It's no secret that our commanders-in-chief, too, enjoy their own vacation time. From small towns in Texas to multi-generational coastal compounds, presidents across history have retreated to unique destinations for some R&R — many spending their time in a second home. In honor of the holiday, we analyzed seven second home destinations where U.S. presidents vacationed before, during, and after their time in office. Since history shows that So, which president chose the getaway spot with the greatest price appreciation? Hint: He was the 40th president of the United States. Key takeaways 1. Goleta, California (Ronald Reagan) Six presidential getaway destinations saw more than 17% growth in median second home price from last year — with the biggest growth being 20.55% in Santa Barbara County. The average luxury home value in this California county almost doubled from $776,767 to $1,247,645 over a five year period. Santa Barbara County is not only home to the popular cities of Santa Barbara and Montecito, but also the chosen getaway destination for Los Angeles city dwellers and, previously, the Reagans. The famed Rancho del Cielo where President Ronald Reagan retreated with his family, also known as the “Western White House” is located in Goleta, California. The presidential ranch is situated atop the Santa Ynez Mountain overlooking "The Good Land," a breathtaking 10-mile stretch of beautiful coastal and agricultural land. 2. Hyannis, Massachusetts (John F. Kennedy) Barnstable County, Massachusetts recorded the next largest growth in second home price year over year with 19.73% increase. Barnstable County is home to the popular coastal community of Cape Cod and its associated islands. The picturesque seaside town has a rich history with the Kennedy family, which began in 1928 when President John F. Kennedy’s parents purchased a vacation home in Hyannis Port. JFK, his brother Ted and his sister Eunice later purchased the neighboring homes to bring to life the Kennedy Compound, a  three-house, six-acre waterfront property along Nantucket Sound. "With serene beaches, quaint villages, colorful seafood shacks and lighthouses, the Cape embodies the best of New England charm and has long been a popular destination for second home owners and seasonal travelers," said Pacaso Co-Founder and CEO Austin Allison. 3. Rancho Mirage, California (Henry Ford) Coming in third is Riverside County, California, where the 38th President Gerald Ford retreated at one time. The county saw a 19.61% price appreciation in its luxury home prices from 2021 to 2022. Most interesting is chance in price appreciation prior, during and following the pandemic — second home prices were up 4.24% year over year in 2020 but skyrocketed to a 20.66% growth in 2021, showcasing the demand surge for second homes after the onset of the pandemic. Nestled in Rancho Mirage between Palm Springs and Palm Desert, Ford’s home sat on the 13th hole of the iconic Thunderbird Country Club. The popular desert city is home nearly 300 days of California sun and great golf, and has long been a popular getaway for Hollywood and influential celebrities alike including Frank Sinatra, Dean Martin, Bing Crosby, Lucille Ball, and of course, Gerald and Betty Ford. 4. Crawford, Texas (George W. Bush) Perhaps the smallest town on this list of presidential second homes is Crawford, Texas in McClennan County, and the home away from home of Laura and George W. Bush. While Crawford’s population is less than 1,000 people strong, the central Texas county saw a 18.98% increase in the value of luxury homes from 2021 to 2022, perhaps due to the charming county seat of Waco. Waco is approximately 35 miles east of the "Bush Ranch" and offers plenty for locals and visitors alike to do and explore, from Baylor University and Cameron Park to delicious barbecue, unique boutiques and more. The stars of popular home show "Fixer Upper" and owners of Magnolia, Chip and Joanna Gaines call Waco home and have also attracted fans to the central Lone Star state town who visit the Magnolia Market & Silos. The luxury home price in McClennan County is the lowest on the list with a $512,931 average. 5. Rehoboth, Delaware (Joe Biden) Sussex County, Delaware saw an 18.27% year-pver-year increase in the value of luxury homes year over year. Sussex County is home to numerous seaside resorts and popular beach towns such as Bethany Beach, Dewey Beach, Fenwick Island, Lewes, and Rehoboth Beach.  Properly nicknamed “The Nation’s Summer Capital” due to its popularity amongst politicians and its proximity to Washington, D.C., Rehoboth is the current escape for POTUS Joe Biden and Dr. Jill Biden. The Delaware-native had been vacationing to Rehoboth for decades prior to purchasing his second home in 2017.  During Biden’s presidency, he and the First Lady have been seen in perusing Browseabout Books, grabbing an ice cream scoop at Double Dippers and strolling on Gordons Pond Trail, amongst others. 6. Kennebunkport, Maine ( The value of luxury homes in Maine's York County increased 17.16% from 2021 to 2022. The southern Maine county is home to the charming coastal city of Kennebunkport, widely known as one of New England's most popular tourist destinations.  President George H. W. Bush, the 41st President of the United States, inherited a "Summer White House" retreat in the town of Kennebunkport, rightfully named "Walker's Point Estate." Similar to JFK’s Massachusetts compound, Walker’s Point Estate consists of three family-owned properties and has long served as a multi-generational getaway destination for the Bush family. 7. Edgartown, Massachusetts ( Dukes County, Massachusetts saw an 11.11% increase in the value of luxury homes from 2021 to 2022. The county consists of the island of Martha's Vineyard, the Elizabeth Islands, the island of Nomans Land and other islets. While the entire county only has a population of about 20,600, the largest island in the county is Martha’s Vineyard, which has long been a popular vacation home destination. The island is famous for its miles of public beaches, quaint shops and restaurants.  In 2019, Barack and Michelle Obama bought a slice of Martha’s Vineyard by way of a 29-acre, seven-bedroom and eight-and-a-half-bath estate for $11.25 million. Despite having the lowest value increase year over year of the seven presidential second home destinations we analyzed, Dukes County has an average home price of $2,590,922 — the highest priced real estate of these markets. Methodology To compile this report, Pacaso analyzed luxury real estate activity in counties where U.S. Presidents owned second homes and examined average values of homes in the top 20% of those markets and the year-over-year percentage changes. Home price data was provided by Zillow, MLS data sources, and real estate analytics firm

Inflation has reached its highest level since 1981 as the latest Consumer Price Index (CPI) increased 9.1% in June. In addition, mortgage rates in April surpassed 5% for the first time in over a decade and have remained elevated since. This is the first time in recent history that inflation is meaningfully higher than mortgage rates. As the cost of consumer goods in the U.S. rises faster than mortgage rates, there are financial decisions consumers should consider to hedge against inflation. Many advocate putting money into long-term assets such as real estate, including second homes, as a way to hedge against inflation. Although mortgage rates have nearly doubled since the start of 2021, it is important to remember that rates are still well below historical norms. For the past 50 years, 30-year fixed mortgage rates have averaged approximately 8%, even crossing above a staggering 18% in the early 1980s.  Inflation has reached levels we have not seen in over 40 years. Many economists believe that the CPI will remain elevated for the rest of this year and may hold up into 2024. As inflation rises, the cost of everything goes up, including real estate. However, when the CPI growth rate is higher than the current 30-year fixed mortgage rates, homeowners’ will be spending the same monthly amount but with inflated dollars. As a result, smart home shoppers tend to be less concerned about the current levels of mortgage rates when inflation is high. This could provide home buyers with a rare opportunity to make a stable-value investment and take advantage of the growing rate of depreciation of money. In an inflationary environment, consumers want to park their money somewhere that will lose the least amount of value. For that reason, real estate is often considered one of the best ways to hedge against — or beat — inflation. 

I’m Austin, CEO and co-founder of The housing market is picking up steam well into the spring home buying season. Although fewer homes than usual are being sold this spring, buyers are quickly snatching up those that are on the market — even when mortgage rates may be fluctuating. An uptick in mortgage applications indicates that people are optimistic about the market. Some things we’re seeing: 1. Sellers staying put, inventory hits pre-pandemic low According to 2. Fierce competition for desirable homes The current state of the real estate market continues to be highly competitive, as evidenced by the fact that almost half (48%) of the homes sold in the four weeks ending on April 30th were under contract within two weeks according by This spring, the scarcity of inventory is resulting in fewer homes being sold, but those that are 3. Home prices rise for third consecutive month According to a report originally 3. Homebuyers keep a watchful eye on fluctuating mortgage rates According to Meanwhile, the We'll continue to check in with updates, and encourage you to contact us with any questions about a market of interest.

Second home buyer trends: Key takeaways Sales of luxury second homes increased nearly 25% year-over-year during the second quarter of 2022 and approximately 235% compared to Q1 2020, prior to the pandemic intensifying in the U.S.* What’s motivating these second home buyers and more is captured in the This report uses data from a July 2022 survey conducted online among more than 1,000 current and aspiring second homeowners with household incomes equivalent to or above $150,000 in the United States, United Kingdom and Canada. The findings shared in this report are specific to the U.S. “The newfound flexibility many Americans are afforded has made demand for second homeownership stronger than ever as people look to put quality of life front-and-center in their lifestyle,” said Pacaso CEO and Co-Founder Austin Allison. “When you buy a second home, you’re unlocking a new chapter in life, becoming a part of the fabric of the community, and above all else, finding a special place to spend time with friends and family.” “Existing second homeowners have experienced firsthand the life enriching possibilities of second homeownership and thus we expect to have more realistic responses as they have a peak under the hood of how often they use their home as opposed to dreamers who haven’t yet seen their preferred usage,” said Allison. “Our data shows that only  29% of people plan to visit their second home, more than 7x per year. This stat further cements co-ownership as a more efficient and sustainable option, as buyers have the power to own only what they will use. Owning 100% of a home you barely use is wasteful and antiquated.” Location, Price, and Size Drive Second Home Buying Decision  For both existing second homeowners and aspiring second homeowners, location (67% vs. 70%), price (49% vs. 66%) and home size (44% vs. 48%) are the top three most important considerations in purchasing decisions for their families when buying a second home.    Location, location, location! As the desire to own a second home grows, the role of location in the buying decision does as well with 67% of current second homeowners and 70% of aspiring second homeowners choosing location as their number one consideration when thinking about purchasing a second home. However, existing second homeowners (45%) tend to value the appeal of the neighborhood more than non-owners (30%). An inability to afford the second home they want is holding non-second homeowners (66%). Of the people who desire to own a second home but don’t already, four in ten (42%) show concern about the associated costs and more than one-third (35%) are hesitant about the effort to maintain a second home.  Nearly half of all current (44%) and non-second homeowners (48%) consider the size of the property when buying their second home. Both value travel time and amenities as other important considerations. “Maintaining a home at a luxury level with contemporary design, high-end furnishings and decor, top-notch amenities and appliances, regular cleaning and maintenance, comes at high cost and a large time commitment as to care for the home properly,” said Allison. “These buyers are still in the process of considering their lifestyle and how they plan to use their home, how often, and who will take care of it when they’re not there. There are options outside of traditional second homeownership, like co-ownership, that mitigate some ownership issues and provide better value.” Second home dreamers and owners aren’t crazy about catching a plane to head to their second home, but love a road trip Nearly two-thirds of people (64%) commute or expect to commute to their second home in four hours or less and the majority (87%) want to drive. One exception is that current second homeowners are slightly more likely to have longer commutes than those intending to own a second home would expect, as 43% of existing second homeowners commute more than four hours to their second home, while only 31% of intenders expect to travel more than four hours. Without major differences between owners versus non-owners, people overwhelmingly expect to drive to their second home (approaching nine in ten) than those who expect to fly (three in ten) or commute by train (one in ten). How the pandemic changed the definition of second home destinations  The permanent shift toward work-from-home has forever changed the way people work and is giving second home buyers more flexibility to spend time away from their primary home and office. “Both existing second homeowners and aspiring owners prefer domestic second homes because they are more accessible, allowing them to visit more often. These owners and aspiring owners are attracted to a second home to share with their family and friends so they can live life to the fullest,” said Savanta Director Research, Insights and Consulting, Amit Sahni. For second home dreamers, their second home is on the water When asked about their desired location type for purchasing a second home, 61% of non-second homeowners want to be near the water. Non-second homeowners ranked a beach house (42%) at the top of their list, followed by lake (19%) and mountain (14%). More people want their second homes in domestic locales  91% of existing second homeowners own domestically and 15% own internationally, which is in alignment with the desires of non-second homeowners.  Second home owners visit their homes less frequently but stay for longer  Non-owners and existing owners feel nearly the same about the number of trips they make and expect to make to their second home each year with only 29% of people planning to visit their second home more than six times per year. More than half (59%) of existing and intending owners visit and expect to visit their homes more than four times per year, with nearly a third (29%) visiting more than six times per year.   Existing second homeowners (61%) are generally more likely to spend two or three plus weeks on vacation, while people who desire to own a second home are more likely to spend one week or less on vacation (58%). 65% of owners and buyers spend or expect to spend two or fewer weeks per stay. “People who intend to own a second home are daydreaming of a perfect place to run to for a quick escape or for occasional weekend getaways throughout the year,” said Allison. “Whereas people who are already second homeowners may be a bit more comfortable with working from their second home or going for two or more weeks at a time, but just less frequently.” Methodology  Pacaso commissioned market research firm Savanta is a fast-growing data, market research, and advisory company. Savanta informs and inspires clients through powerful data, empowering technology, and high-impact consulting, all designed to help clients make better decisions and achieve faster progress. *

Ready to buy your first home — or With the state of real estate always changing as new homes enter the market, every year showcases new Home financing is becoming more flexible Getting approved for a home loan is a first step for people dreaming of owning a house. The following real estate facts explore home financing options in more depth.  Residential home-buying trends While some buyers may have felt pushed to buy quickly at the onset of Covid-19 lockdowns, many consider their home to be a long-term commitment rather than a temporary alternative (like a short-term 13. A larger share of buyers opted for new homes vs older homes at the end of 2022. ( 14. Luxury second home transactions increased by 25% during Q2 2022. ( 15. 10% of home sales are from new builds in Q1 2023. ( 16. 11% of home buyers bought their home directly from the previous owner. ( 17. 51% of home buyers found their listing on the internet. ( 18. Luxury second homes maintained their value through 2022. ( 19. 81% of Americans value the location of a home over its size. ( 20. In April 2023, new single-family home purchases increased by 4.1% month-over-month. ( 21. Historically, homes listed during April 18-24 sold 14.1% faster than the average week. ( 22. Luxury second home sales have increased by 235% since Q1 2020. ( 23. 54% of millennials want to live close to bars and nightlife. ( 24. Home appreciation was up 21% nationwide in April 2022. ( 25. Existing home sales are down by 9.3% in 2023. ( 26. Unit sales are predicted to increase by 10% in 2024. ( 27. 80% of home buyers prefer a move-in-ready house over a fixer-upper. ( 28. Homes are spending an average of 43 days on the market in May 2023. ( 29. The number of homes on the market in May 2023 increased by 21.5% compared to May 2022. ( 30. The number of homes pending listings declined in May 2023 by 18.1% year-over-year. ( 31. 12.7% of homes sold in May 2023 had a price reduction. ( Housing shortage facts The unexpected increase in the demand for homes led to an understandable shortage in supply. The desire for primary and 32. In 2023, approximately 1.2 million single-family housing units will be under construction. ( 33. Active home listings dropped 28% between 2020 and 2021. ( 34. The US housing market faced a six million home housing shortage at the end of 2022. 35. Home sales in metro areas increased by 20.8% in May 2023 despite housing shortages. ( 36. Apartment builds are expected to reach a 40-year high in 2023. ( 37. 86% of home sellers listed their properties on multiple listing services. ( 38. 56% of home buyers said finding the right property was the most difficult part of the home-buying process. ( 39. 28% of home buyers found the availability of larger lots to be an influence on neighborhood choice. ( 40. New listings of homes for sale fell 25% in June 2023, compared to June 2022 data. ( 41. The average distance between previous and new residences is 50 miles. ( The rising cost of real estate As the price of real estate rises, so does the belief in its long-term value. Home buyers see real estate as a reliable store of value, and in some cases, the houses are being used as a secondary source of income. While a spotlight has been placed on corporations purchasing houses, real estate statistics reveal that the majority of 42. Home sales are predicted to decrease by 3.4% in 2023. ( 43. 72.5% of rental property investors in the U.S. are individuals. ( 44. 13% of home buyers found saving for the down payment to be the most difficult part of the home-buying process. ( 45. 10% of home buyers were dissatisfied with the home-buying process. ( 46. 11% of buyers wanted their real estate agent to help them with price negotiations. ( 47. 25% of home buyers reduced their spending on luxury items to purchase their home. ( 48. 88% of home buyers think that buying a home is still a good financial investment. ( 49. 45% of home buyers had a household income over $100,000. ( Second home-buying statistics Not everyone who buys property in suburban and rural areas is looking for a permanent change in location. Many home buyers 50. In summer 2021, second home transactions held a market share of 4.3%. ( 51. The U.S. vacation rental occupancy rate is forecast to be 56.4% in 2023. ( The state of home prices today It stands to reason that the current housing shortage would lead to an increase in home prices. Although many home buyers were motivated to leave their city, not all metro areas saw their populations decline. Many cities saw boosts to their populations and housing prices — likely aided by the implementation of 52. 72% of home listings were sold without ever reducing their price. ( 53. 9% of all home sales were identified as urgent. ( 54. In the first quarter of 2021, Boise, Idaho, saw a 28% year-over-year rise in house prices, the highest among metro areas. ( 55. In the first quarter of 2021, Austin, Texas, saw the second highest year-over-year rise in house prices at 23%. ( 56. Renting was more popular than buying in the vast majority of the largest U.S. metros in December 2022. ( 57. 24% of home sales were above the listing price. ( 58. 8% of home buyers sold a distressed property. ( 59. Debt delayed most home buyers by four years before they were able to purchase a home. ( 60. 27% of buyers compromised on the price of their home purchase. ( Allow these real estate facts to guide you as you consider purchasing your first or

I’m Austin, CEO and co-founder of The housing market is indicating signs of recovery and stability in home prices, and we at Pacaso ended the summer with strong sales. Prospective homebuyers are increasingly turning to new construction due to the shortage of existing home listings and continuously fluctuating mortgage rates. This shift in buying behavior has resulted in a surge in new home sales and a modest uptick in pending sales, suggesting positive momentum in the market.  Here is a deeper dive into these observations: Home builders fuel slight sales surge Prospective homebuyers are undoubtedly feeling frustration amid scarce listings for existing homes. As a result, Additionally, according to In August 2023, Pacaso saw its strongest month of the year so far, recording a 142% increase in funded shares compared to July 2023.  Inventory remains low as buyers look to alternatives New listings hit a seasonal low in July, with just under 336,000 properties coming to the market according to However, Given the scarcity of inventory, homebuyers have alternative options like the rental market, which can provide an affordable option as they save up for a home purchase. In top second home markets, co-ownership options like Pacaso offer an innovative solution amidst soaring rates. This ownership  model enables buyers to own a portion of a luxury second home, reducing their monthly mortgage costs in markets like Vail and Tahoe compared to full ownership. Pacaso's resale market is also thriving, with homes averaging a more than Housing market set to embrace 7%+ rates In August, mortgage rates reached their highest levels in 21 years, as reported by While current mortgage rates are hovering above seven percent, the forecasted rates from Annual home prices stabilize, indicating housing market recovery Low inventory continues to cause U.S. home prices to increase. However, the recent rise in mortgage rates to 7% has cooled down the previously upward trajectory of home prices, which had been steadily increasing throughout the year. In June, prices rose on a monthly basis while annual prices remained unchanged, signaling a shift in the housing market. We'll continue to check in with updates, and encourage you to contact us with any questions about a market of interest.

I’m Austin, CEO and co-founder of The real estate market is seeing major shifts this month, driven by mortgage rate changes and ongoing supply-demand dynamics. Last week, the Fed cut rates by 50 basis points, dropping mortgage rates to their lowest in two years. Demand was already rising in September, with more buyers re-entering the market as rates were dropping. This creates more liquidity for the vacation home market and empowers buyers to act. At Pacaso, 50% of our homes already offer financing at 5% or lower, making luxury co-ownership more accessible and attractive for families. Curious to know more? I share some of my latest insights on the U.S. housing market below. We'll continue to check in with any new developments, and encourage you to Mortgage rates continue to fall, with the contract rate on a 30-year fixed mortgage With rates dropping, buyer demand is on the rise. Mortgage applications surged by 14.2% in just one week according to The drop in mortgage rates below 6% has the potential to drive demand, which could increase home prices in many markets. While high rates over the past year have slowed price growth, an influx of buyers competing for a limited number of homes could reverse this trend, especially in popular markets. Prices will likely fluctuate in response to these changing dynamics and some regions will see sharper increases than others. The U.S. is grappling with a significant housing shortage — we are short

The idea of moving abroad can be both exciting and daunting. While the question of how to move to another country may seem complex, the process can be surprisingly smooth with careful planning. Use our guide below for a seamless transition as you move, and download our moving checklist to stay on track.  1. Start planning and saving early Moving to another country is a significant life change, and planning early is key to a smooth transition. You’ll want to consider factors such as your desired location, finances and other necessary research. Kick off your planning with the following: It helps to use a physical planner or digital tool to track your progress and keep everything in one place as you plan the different aspects of your move.  2. Get or renew your passport ASAP If you plan on moving to another country, you’ll need a valid passport. If you don’t have one, start the application process immediately. Here’s what to do:  If your current passport is about to expire, it’s best to renew it well in advance to avoid any delays. 3. Connect with an immigration professional If learning how to move to another country permanently seems overwhelming, an immigration professional can offer valuable guidance and support. They can walk you through complex immigration laws, help prepare the necessary documents for your visa application and address any potential challenges when 4. Apply for your visa and permits Obtaining the necessary visa and permits is crucial in successfully moving internationally. These documents authorize your ability to enter and stay in the country you’ll be living in. Here’s what steps to expect:  Your immigration professional can guide you through this process to ensure you complete each step accurately.  5. Contact your bank If you plan to live overseas, you must inform your bank to ensure smooth financial transactions during and after the move. Here are the important steps to take to avoid any issues:  6. Dive into research on your future home country Whether you want to 7. Find a place to call home Finding the right place to live is a crucial step in moving overseas. Here’s what to consider when searching for your new home:  Be sure to do your research well before moving somewhere new so you have plenty of time to find the right location.  8. Decide what to do with your car(s) One decision you may face when moving to a different country is what to do with your cars. Will you sell them or bring them with you? If you’re planning on Unless you’re moving somewhere with limited public transportation, selling your car can often be the simplest option due to the complexities of international car shipping and registering in a new country.  9. Sort out healthcare options Research the healthcare coverage you’ll need and how to secure it before relocating to another country. Consider the following:  10. Gather and organize important documents Much like 11. Set up your phone and internet When moving to a new country, you will need a reliable phone and internet connection. Research your options and set up your services before or shortly after you move to avoid any service interruptions. Here’s what to do:  12. Prep your pets If you’re bringing your pets with you on your international move, you’ll want to plan ahead to ensure their safe and comfortable transition. Moving abroad requires more than just planning a 13. Choose how you want to move your stuff Next, you’ll need to decide how to transport your belongings.To keep costs down, it’s helpful to downsize your items as much as possible.  Then, you’ll want to compare quotes from various shipping companies. There are a few different options for the exact method of how you’ll move your stuff: 14. Book your flight and moving method To keep things organized and on track, it’s best to book your flight and moving method well before your actual move date. Here’s a quick checklist:  15. Learn the local language and culture Learning the local language and unique culture in your new home country can make for a more seamless integration. Here are a few helpful places to start:  16. Get movin’ The last step in moving to another country is to pack your bags, say goodbye and embark on your new adventure. Prepare for the following:  Once you arrive in your new country, you can look ahead as you begin this new chapter. If your new country is simply a 17. Stay on track with a checklist for moving abroad With everything to consider when moving to another country, a well-organized relocation checklist can help you stay on top of every detail and task. Use our checklist to track your moving to-dos by month, from obtaining your passport and visa to packing up your belongings.   Take your first steps with Pacaso While learning how to move to another country may feel overwhelming, it doesn’t have to be with proper planning and preparation. Following our checklist to help keep you on track, you’ll be ready for your big move abroad!  If you want to enjoy the perks of living abroad without the stress of moving to a new country full-time, consider

If you love the activities that make Vail, Colorado, a famous From golf and garden exploring to fly fishing and white water rafting, our guide offers 25 top activities to enjoy during your trip to Vail this summer. 1. Wander the Betty Ford Alpine Gardens Topping our list is one of the most popular things to do in Vail. As the world’s highest-altitude botanical garden at 8,200 feet, the 2. Visit the Colorado Snowsports Museum and Hall of Fame The 3. Sample 10th Mountain Whiskey & Spirits 4. Try new sports at Vail Ski Resort 5. Sip some brews at Vail Brewing Company 6. Explore Lionshead Village Scenic 7. Enjoy outdoor concerts at The Amp Fittingly located next door to the Betty Ford Alpine Gardens, the 8. Taste summer’s bounty at the Vail Farmers Market If you are looking for a fun and delicious way to hang out in Vail in the summer, you should check out the 9. Play outside at Piney River Ranch 10. Play a round of golf surrounded by mountains  The award-winning 11. Have an adventure at Epic Discovery A true mountain playground for daredevils of all ages, 12. Get your blood pumping at Vail Nordic Center 13. Ride the Eagle Bahn Gondola The 14. Take a self-guided art walk at Vail Village Vail Village is a charming Bavarian-style ski village, making it a lovely place to spend an afternoon. Discover the incredible 55 works of public art that are spread throughout town. To see them all, you’ll want to stop by the welcome center to pick up a free map. Guided tours are also available during the summer.  15. Catch a sunrise or sunset at Bighorn Park 16. Make friends with a llama Yes, really. 17. Explore the Vail Nature Center  The 18. Go whitewater rafting Cool off on a hot summer day with an exhilarating ride down the Colorado and Arkansas Rivers. Local outfitters offer a range of rafting options, from kid-friendly introductory trips to technical rafting experiences with rapids up to Class IV. Looking for something a little more relaxing? Opt for a low-key float trip through Browns Canyon, where your guide will do all the paddling.  19. Sample wines from around the world  20. Enjoy tubing in Vail Relish in the thrill of tubing in Vail while being surrounded by the greenery and beauty of the Colorado mountains. 21. Fly through the sky on a zip line Soar through the air and enjoy the scenic views of Colorado. If you are looking for a zip line adventure in Vail, you have plenty of options to choose from in the summer. You can zip line over the Colorado River, through the alpine forests or across the Rocky Mountains. Tours vary in length, difficulty and price, but they all guarantee a memorable and exciting experience. Whether you are a beginner or an expert, you can find a zip line tour that suits your level of adventure and budget. 22. Bike Vail’s trails Vail offers many trails and paths for cyclists of all levels and abilities. You can enjoy the fresh air and stunning views as you pedal along the paved and dirt roads or cruise through downtown Vail. Whether you want to challenge yourself with steep climbs and descents, or relax and enjoy the scenery at a leisurely pace, there is a route for you in Vail. 23. See Vail on horseback Horseback riding in Vail is a great way to enjoy the scenic beauty of summer in the Rocky Mountains. Whether you are a beginner or an expert rider, you can find a trail that suits your skill level and preferences. You can choose from half-day, full-day or overnight trips, and explore the alpine meadows, aspen forests and wildflower fields with your friendly steed. 24. Spend the day fly fishing Vail is a popular destination for fly fishing enthusiasts, as it offers a variety of rivers and streams to explore. Some of the best spots for fly fishing in Vail are Eagle River, Gore Creek and the Colorado River. You will need a fishing license, which you can buy online or at local shops. Enjoy the scenic views and the fresh mountain air that make Vail a perfect place for fly fishing.  25. See it all with a hot air balloon ride If you’re looking for one of the most thrilling things to do in Vail in summer, consider taking a hot air balloon ride. A hot air balloon ride is a great way to experience the stunning scenery of the Rocky Mountains from a bird's-eye view. You can soar over the lush green valleys and sparkling rivers, enjoying the peace and tranquility of the clear blue sky. Vail, Colorado, is a nature lover's dream. Although the town is famous for its winter sports scene, there are plenty of things to do in Vail in summer as well. If you could see yourself in this year-round paradise, skip the vacation rentals and consider investing in a

Contrary to the spring break reputation you may associate Cabo with, it has matured into a haven for sophisticated travelers. This sun-kissed region at the tip of Baja California boasts two distinct areas: If you’re wondering 1. Waldorf Astoria Los Cabos Pedregal Imagine plunging into your private infinity pool overlooking the Pacific Ocean. That’s the kind of luxury offered by 2. Las Ventanas al Paraiso 3. Esperanza At 4. The Cape 5. Chileno Bay Resort & Residences Known for its contemporary luxury, 6. Grand Fiesta Americana Los Cabos All Inclusive Golf & Spa 7. Grand Solmar Land’s End Resort and Spa 8. Grand Velas Boutique Hotel 9. Grand Velas Los Cabos 10. Hilton Los Cabos Beach & Golf Resort 11. Le Blanc Spa Resort Los Cabos 12. ME Cabo If you’re looking for a modern and stylish getaway, 13. Montage Los Cabos 14. Nobu Hotel Los Cabos With a prime location on the southern tip of the Baja Peninsula, 15. One&Only Palmilla Located on the edge of the Baja Peninsula, the 16. Paradisus Los Cabos This adults-only luxury beach resort sits along a stunning beach with views of the Sea of Cortés. If you’re looking for the VIP experience, 17. Solaz 18. Viceroy Los Cabos Winner of Travel + Leisure World’s Best 2024, 19. Zadún 20. Four Seasons Resort and Residences Los Cabos at Costa Palmas  Located on a remote stretch of coastline along the East Cape, Find your perfect Cabo vacation home From secluded retreats to vibrant escapes, these Los Cabos luxury hotels offer a  blend of luxury, attentive service and incredible views. Ready to keep that vacation vibe going by owning your own piece of this paradise? Pacaso can help you find the best

Do you dream of sun-soaked days on the beaches of Mexico? Buying property in Mexico isn’t as difficult as you might think. Instead of uprooting your life to move abroad, co-ownership allows you to enjoy the benefits of owning property in Mexico without the full-time commitment. Let’s walk through the 10-step process of owning your own piece of paradise. 1. Find a property you love Whether you're seeking to 2. Make an offer  Once you’ve found the right property and determined how much you’ll offer the seller, your real estate agent can assist you in drafting a formal offer letter. It will include details such as the purchase price, terms and conditions. Be prepared to include an earnest money deposit to show your commitment to the purchase.  Remember that the seller may choose to counter your offer, so be ready for potential negotiations until you both reach an agreement. 3. Agree on terms and sign the sales contract Once you and the seller have agreed on the purchase price and terms, it’s time to formalize the sale with an official sales contract. This contract will outline all of the purchase details, including the purchase price, closing date, financing terms and any contingencies.  Be sure to carefully review the contract with a real estate attorney to ensure your legal rights are fully protected. Once both parties sign the contract, you’ll be officially committed to buying real estate in Mexico.   If the property is a Pacaso second home, we handle all of the logistics for a smooth purchasing process.  4. Pay a deposit  Once you’ve signed the sales contract, you’ll likely need to pay an earnest money deposit, which is typically around 10% of the purchase price. The deposit is a sign of your intent to purchase the property and is held in escrow by a neutral third party.  Once the home sale closes successfully, the deposit is applied toward your down payment. If you fail to complete the purchase for any reason, you may have to forfeit your deposit. Be sure to consult with your real estate agent to understand Mexico's exact deposit requirements and procedures. 5. Set up a If you’re buying a property located in a restricted zone (50 kilometers from the Mexican coast or 100 kilometers from a U.S. border), you must establish a 6. Get permission from the Ministry of Foreign Affairs Once you’ve established a fideicomiso, you’ll also need permission from the Ministry of Foreign Affairs to complete your purchase. This is another requirement for foreigners buying property in Mexico in restricted zones.  Typically, you must submit documentation related to your identity, the property you’re purchasing and the fideicomiso. Lean on your real estate agent to help prepare the proper paperwork and navigate the application process.  7. Conduct due diligence checks and title review Before purchasing, you’ll want to conduct a few due diligence checks. Have a lawyer review the property’s title, conduct a valuation and verify that all necessary legal documents are in order. Once all parties are in agreement, the documents can be notarized. Due diligence checks are crucial to protect your purchase and avoid any potential legal issues.   8. Sign the Once due diligence is complete, you’re ready to sign the 9. Pay taxes and fees After you officially close, you’ll need to pay any remaining costs, like taxes and fees associated with the property purchase. These costs typically include property registration fees, stamp duty and any other relevant Mexican taxes. Be sure to budget for these expenses beforehand so you know you have the funds to cover them when the time comes.  If you’re purchasing a second home, it’s also wise to understand 10. Finalize registration of ownership The last step to buying property in Mexico is to finalize the registration of ownership in your name. This involves submitting the proper documents to the local land registry office and paying any remaining fees. Once the registration is complete, you’ll officially own your chosen property in Mexico.  Be sure to secure a copy of the property title so you have proof of ownership for your records. You’ll also need this document if you decide to sell your property.   Where to find properties in Mexico When searching for the perfect Mexican property, consider exploring popular regions known for their beauty, amenities and way of life. Some popular areas include: You’ll want to factor in your stage of life when deciding on a property location. For example, the For a truly seamless buying process, partner with Pacaso. Our team of experts can guide you through every step, from finding the best property to handling all the legal complexities.   Average price of properties in Mexico The average price of a home in Mexico varies by region. According to Taxes and fees you can expect to pay Whether you’re buying The table below outlines some common taxes and fees associated with property ownership in Mexico: Challenges of buying property in Mexico While there are many benefits to buying property in Mexico, be aware of the potential challenges that may arise. Here are some key areas to consider: International home buying made easy with Pacaso Buying property in Mexico can be exciting and rewarding, offering your own retreat abroad and another place to call home. By following the steps above and working with qualified professionals, you can confidently navigate the process. For a truly seamless international home buying experience, consider

Wondering about the best place to buy a vacation home? We’ve analyzed destinations based on factors like safety, walkability and weather to deliver 25 great places to buy a vacation home. Let’s dive into the top 10, plus we’ll share how to enjoy a luxurious vacation home without the hassles of solo ownership. 1. Hudson, New York Hudson, located in the Hudson Valley, offers a charming escape brimming with history and artistry. Rolling hills surround the town, providing a picturesque natural backdrop and making it a wonderful place for a second home. Beyond its natural beauty, Hudson boasts a rich history and an eclectic arts scene. Explore the historic architecture of Warren Street, a charming main street lined with 18th and 19th-century buildings. Visit Art galleries showcase the works of local and regional artists, while music venues and theaters host a variety of performances. Foodies will delight in the farm-to-table cuisine offered by the many restaurants that showcase fresh, seasonal ingredients from the surrounding Hudson Valley. Speaking of seasons, Hudson's high comfort index of 9.1 suggests a pleasant climate with mild temperatures that most people will find enjoyable year-round. 2. Portsmouth, New Hampshire Portsmouth is a gem for those seeking to Beyond its rich past, Portsmouth is a vacation destination for all seasons. Summer brings the This city has a 9.2 comfort index similar to that of nearby Hudson, New York. The safety score of 2 indicates that Portsmouth may be a safer — although more expensive — vacation home destination.  3. Sandusky, Ohio Located on one of the Great Lakes, Sandusky is a great destination for water enthusiasts. Multiple water parks options cater to all preferences. Sandusky has a bustling tourist season, so consider the 4. San Diego, California San Diego basks in sunshine, making it ideal for those who crave a warm-weather escape. This coastal city offers a plethora of outdoor activities and stunning beaches amidst a relaxed When considering a vacation home in San Diego, remember that neighborhoods offer distinct experiences. La Jolla boasts luxurious beachfront living, while Pacific Beach provides a lively atmosphere close to the beach. Mission Beach offers a classic boardwalk experience, and Coronado Island delivers a charming island getaway.  Don’t let the median home sale price scare you. A 9.22 cap rate in San Diego indicates that those looking to purchase real estate are likely to gain a good amount of equity in Southern California. 5. Cape Cod, Massachusetts Summer is peak season, bustling with activity and offering the warmest weather. Shoulder seasons provide comfortable temperatures and fewer crowds. Choose a village close to the beach if you crave a vibrant summer atmosphere. If tranquility is your priority, consider a more secluded spot. Cape Cod's safety score and comfort index tell us that it is a great place to bring the kids as the seasons change. 6. Harbor Springs, Michigan On the shore of Lake Michigan, Harbor Springs offers an escape that transforms throughout the year. When considering a vacation home in Harbor Springs, remember that the town offers a variety of settings. The core village, centered around Main Street, bustles with shops and restaurants, while the surrounding areas, like Wequetonsing and Bay Harbor, provide a more secluded atmosphere.  Lakefront property on Little Traverse Bay offers stunning views and water access, while tucked-away cabins near Hidden Lake offer peaceful retreats. With the highest safety score possible, Harbor Springs is a prime destination for 7. Wisconsin Dells, Wisconsin Wisconsin Dells, also known as the "Waterpark Capital of the World," is a Midwest Take a break from water slides to explore the Dells' breathtaking natural beauty. Kayak or canoe down the Wisconsin River, spelunk in scenic caves or hike through towering sandstone cliffs at The Dells also boasts a bustling downtown with shops, restaurants and family-friendly entertainment options like 8. Healdsburg, California Healdsburg offers a compelling blend of sophistication, world-class wineries and outdoor adventure — making it a romantic destination for wine lovers seeking a California retreat. Located in the middle of Explore rolling vineyards by bike, indulge in wine tastings at boutique wineries, or take a hot air balloon ride for breathtaking aerial views. The area also boasts plenty of A high comfort index lets you know that you can enjoy plenty of days outdoors if you buy a vacation home here. A higher safety score also indicates this is a family-friendly destination in the heart of Wine Country. 9. Ocean City, Maryland Ocean City is an attractive vacation home destination with its vibrant three-mile boardwalk and a family-friendly atmosphere. Beyond the iconic boardwalk with its amusement rides, arcades and delicious treats, Ocean City offers a variety of things to do. Thrill-seekers can tackle the waves at Nature lovers can explore the nearby Although it has a lower safety score, the relatively high comfort index indicates that Ocean City is a good place to own an off-season beach house for those looking to be further away from the boardwalk. 10. Bend, Oregon Bend is an outdoor paradise offering a great blend of adventure, craft beer culture and stunning natural beauty. Outdoor enthusiasts seeking more active vacations will love this vacation home destination. Surrounded by towering ponderosa pines and majestic mountains, Bend caters to all seasons. Hike or bike well-marked trails, explore cascading waterfalls like Deschutes Falls, or go whitewater rafting down the Deschutes River. Bend also boasts a thriving craft beer scene, with numerous breweries offering tours and tastings. Foodies will delight in the town's innovative restaurants, many featuring locally sourced ingredients. Summer, spring and fall offer comfortable weather for exploring. With so many hikes and winter sports activities available, a car is necessary to enjoy all that Bend offers. A higher safety score means peace of mind while hitting the slopes or exploring the charming downtown. Top 25 best places to buy a vacation home Co-own a vacation home with Pacaso If you want to own a vacation home but are worried about the commitment and expense, Pacaso offers a revolutionary approach to second home ownership. Pacaso Pacaso takes care of everything: professional home design and furnishings, property management and, maintenance, and easy online scheduling. You spend your time relaxing and creating memories in your dream destination. Methodology Here are the factors we used to analyze 100 cities and find the 25 best places to buy a vacation home.

Whether you’re From gourmet seafood to classic California cuisine using fresh, local ingredients, we've rounded up 13 beachside restaurants that can take any Santa Barbara stay to the next level, and we've ordered them from most affordable to most expensive: 1. On The Alley Tucked away near the Santa Barbara Maritime Museum, 2. Chad’s  With an enviable location adjacent to Santa Barbara Harbor, 3. Shoreline Beach Cafe   Grabbing a bite to eat before a day spent at the beach is easy when your restaurant of choice is literally on the beach. 4. Santa Barbara Shellfish Company You can’t get more waterfront than dining on a pier! 5. Boathouse at Hendry's Beach For sunset cocktails, a romantic dinner or a celebratory evening, book a table at the 6. Moby Dick 7. Brophy Bros Enjoy American cuisine overlooking the Santa Barbara Marina at 8. Bluewater Grill Specializing in seafood and local cuisine, 9. Tydes Enjoy indoor-outdoor fine dining at If you can see yourself enjoying all that Santa Barbara has to offer — including its rapidly growing food scene — consider owning your own 10. Padaro Beach Grill 11. Bella Vista 12. Toma Restaurant & Bar Open for dinner only, the award-winning 13. OKU Restaurant Savor the good life Want to turn Santa Barbara into your go-to vacation destination? Become a co-owner of a beautiful

No matter the season, the town of Bend in Central Oregon is simply bursting with 1. Discover Oregon WinterFest  Hosted in Bend every February, the three-day 2. Hit the slopes  Bend is a jumping-off point for skiers and snowboarders of all skill levels. The town is just 30 minutes from 3. Go ice skating  Lace up your skates and choose from multiple ice rinks around town. 4. Take a dog sled ride Mush! Mush! Take a sled dog tour through snowy meadows with incredible mountain views. 5. Warm up at a family-friendly brewery  Bend regularly tops lists of cities with the most (and most delicious) breweries, and luckily for parents, many of them are family-friendly. Choose from close to two dozen breweries including the well known Find your family’s second home in Bend There’s no better place to make family memories than in a

Ideally located south of West Palm Beach and north of vibrant urban hubs like Fort Lauderdale and Miami, Delray Beach offers a melting pot of food cultures and styles.  Whether you’re looking for a casual spot to gather with friends, the perfect date night destination or you just want to sample something new, these six Delray Beach restaurants are yours for the taking.  City Oyster & Sushi Bar  Calling all seafood lovers. This downtown restaurant serves up an ever-changing menu of fresh oysters from both the East Coast and West Coast. It’s the perfect date night restaurant, thanks to a huge wine list, full sushi menu and plenty of ambience — the decor at Cabana El Ray  The greater Miami area is simply bursting with Cuban culture, and in Delray Beach, Dada Every visit to Papa’s Tapas  If you’re the kind of person who wants to try a little bit of everything instead of committing to one entree, head to El Camino  Satisfy your craving for flavorful Mexican fare at Lionfish  The Delray Beach outpost of the famous Lionfish Seafood restaurant in San Diego, Dine anytime in Delray Beach As the co-owner of a luxury

It’s only about 220 miles from San Diego to Santa Barbara — roughly a 3.5- to 4-hour trip, assuming L.A. traffic isn’t bad. But as you travel between these two sunny cities, give yourself ample time to explore. Choose one or two of the following destinations, or extend your adventure and check out all seven as you make your way north. Just pack your favorite road trip snacks, buckle up, and hit the road! Grab a Hodad’s burger in San Diego A San Diego institution for over 50 years, Catch some waves in Encinitas The quintessential SoCal beach town of Encinitas is just up the road from San Diego proper, along historic Highway 101. Nearby Embrace your inner child at Legoland  Just 10 miles north of Encinitas is Get back to nature at Crystal Cove  For an alternative to the Legoland crowds, continue driving an hour north to Laguna Beach, and discover one of Orange County’s largest open wilderness areas, Play tourist at Santa Monica Pier  Travel for another 60 or so miles to reach Santa Monica, just west of Los Angeles. As a National Historic Landmark and the western end of iconic Route 66, it’s no wonder Live the celebrity life in Malibu  From Santa Monica, a quick 30-minute drive along a southern stretch of coastline brings you to the chic enclave of Malibu. When you arrive, keep your eyes peeled — many Hollywood celebrities call this beach town home, so you never know who you’ll spot. And while you’re in Malibu, you can embrace the laid-back luxury, no matter your celebrity status. Sink your toes into the sand during low tide at Take a detour to the Channel Islands  Due west of Malibu in the Pacific Ocean, the five islands that make up Say cheers at a Santa Barbara winery  Back on the mainland, and a little over an hour from Malibu, you’ll reach Santa Barbara. The town has a great reputation among wine lovers, and it’s easy to see why. Right in town, you’ll find a whopping 28 tasting rooms along the Find your own California paradise  If you fall in love with one of these great destinations, why not become a regular?

Dreaming of a vacation home in Lake Tahoe? Who wouldn’t be, with its crystal-clear alpine waters, stunning vistas and endless year-round recreation opportunities. But before you take the plunge (the water’s cold!), here are five key questions to ask yourself.  1. What type of home fits my needs?  As a popular multi-season vacation and recreation destination, Tahoe offers all kinds of properties, from condos and timeshares to single-family homes and full-fledged mountain chalets. Vacation home owners in Tahoe tend to pick properties based on their personal interests — would you rather be close to one of Lake Tahoe’s 2. How much can I afford? Just like any real estate purchase, what you can afford comes down to your interest rate, down payment amount and your level of comfort with the monthly payment. When considering a Tahoe vacation home, however, there are a couple more factors you should keep in mind.  First, you may be considering using the home as a vacation rental, given the area’s popularity with tourists. If so, you’ll need to factor in property management fees, increased maintenance costs and potential tax intricacies. Second, Lake Tahoe gets an average of 200-plus inches of snow each year, so winter maintenance like snow removal is crucial to keeping your home in good condition, and it can be expensive — as well as tricky to manage from afar.  To maximize your vacation home budget, consider 3. Where should I buy in Tahoe? Believe it or not, there’s no actual city called “Lake Tahoe.” The famous lake is called Lake Tahoe, of course, but the name also refers to the entire area surrounding this recreation destination. The lake itself straddles the California-Nevada border, and the biggest towns are on the north and south ends of the lake, as well as along the Truckee River. Here’s a quick rundown:  4. How often will I use the home? According to our When you buy with Pacaso, you can co-own as much of a single-family home as you’ll use for just a fraction of the cost of full ownership — and you’ll never have to worry about it sitting unused.  5. Would renting it out cover my ownership costs? When you’re buying a second home in a popular destination like Lake Tahoe, it can be tempting to try to recoup some of your ownership costs by turning it into a vacation rental. However, the vacation rental market in Lake Tahoe is highly seasonal, with the bulk of rentals taking place during the relatively short winter and summer recreation seasons. And, when you factor in property management fees, it can be hard to make short-term rentals pencil out. In addition, short-term rental regulations in some municipalities can restrict owners from offering nightly rentals of their properties. One benefit of Pacaso is that homes are occupied only by owners and their guests, and they are never rented. This means you are free to enjoy your second home without the stress and hassle of managing a rental property.  Discover your Lake Tahoe second home with Pacaso If snowy winters, sun-kissed summers and incredible natural beauty are your top criteria for a second home destination, Lake Tahoe might be just the right place for you. Take the first step by