Second-home buyers: Kirk and SherayLike many Bay Area residents, Kirk and Sheray enjoy spending time in Napa Valley, the quieter, slower-paced region north of the bay. Kirk, a tech-industry veteran, confesses to working “too much” and says that when he and his wife, Sheray, get away, he wants to feel like they’re really away – someplace nice, comfortable and relaxing. After staying at various vacation rentals in the Napa Valley town of St. Helena over the years, Kirk and Sheray were interested in finding a more permanent second home of their own.
The situationKirk and Sheray had experience with timeshare ownership, and they knew that wasn’t the arrangement they were looking for. They wanted a place to unwind that had everything they needed, like a vacation rental, but felt like their own home. They initially looked at condos – a condo seemed like a practical option, as it fit their budget and had the potential to be a good investment. The downside? A condo lacked the experience they were seeking. “I could probably work from anywhere,” said Kirk, “but I didn't want to work from a condo looking out at other condos. We could afford it, but sitting out on a very small balcony looking at the pool or the other parts of ‘condoville’ did not seem very exciting.” Then Kirk and Sheray learned about Pacaso and the concept of buying a share of a single-family home. It sounded intriguing, but they had two big questions:
- Will this feel different from a timeshare?
- Will we get everything we’re looking for in a home?