|PACASO END-OF-YEAR OFFER||PACASO STANDARD RATE|
|PURCHASING POWER ADVANTAGE||+39%|
Low financing gives Pacaso buyers more purchasing power
Published Date: January 5, 2023
Consider what this offer means for second home buyers in the market today. With ski season approaching, mountain towns are an attractive destination. However, as mortgage rates rise, buyers are getting less house especially in communities like Park City, Utah where low inventory and high demand drove prices to record highs over the previous two years. Co-ownership offers many advantages over whole homes, including less overall cost and hassle. In this environment, and with this offer, buyers also have the ability to get more value for their money. Browse current Zillow listings and Pacaso listings for Park City to see the difference for yourself. Another advantage of a Pacaso home is confidence that it will maintain value even in this economy. Historical data shows that luxury real estate outperforms the stock market during most recessions and luxury second homes saw no price declines through Q3 2022, unlike the stock market and median priced homes in pandemic boomtowns, which saw decreases in value.Remote work and low inventory in destination communities have combined to create a new normal for luxury second homes marked by higher than usual demand even though market conditions are slowing sales quarter-over-quarter. In fact, the luxury second home tier is up 152% since the beginning of the pandemic and Pacaso units are currently reselling for 12% appreciation."Luxury real estate is a savvy place to park your money in this economy," said Andreas Madsen, Pacaso's Chief Revenue Officer. "Many recent buyers tell us they are moving money out of the stock market and into luxury real estate with Pacaso because it’s a stable asset that allows them to live better lives. Our 3.95% financing offer makes that deal even more attractive."Take advantage of this limited time offer. Find your dream second home from this collection of Pacaso listings that qualify for our low rate of 3.95%. Contact us if you have questions or want to proceed.
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