Selling FAQs

Ownership transfer and resale

• How does ownership transfer work?

  As a benefit to owners, we offer a one-time option to transfer ownership to another Pacaso during the first 12 months after you close on your purchase.

• Can I transfer ownership to another Pacaso at any time?

  Pacaso's transfer benefit can be used only during your first 12 months of ownership. You will then have a 30-day grace period to take advantage of the option, after which your transfer option will be forfeited (but you can still resell your share on the open market).

• Can I transfer ownership more than once?

  No, this is a one-time benefit for owners.

• Does Pacaso charge a transfer fee?

  No, there is no transfer fee and Pacaso is not making a profit on the transaction. This option is provided as a benefit to owners.

• Does my ownership transfer immediately, or do I have to wait for my original share to be resold?

  Ownership transfers immediately, so you can start booking time in your new Pacaso right away.

• How will an ownership transfer affect my available stay nights?

  Your stay nights will reset, and the transfer date will be your new ownership anniversary date.

• I want to transfer my ownership to a less expensive home. How does that work?

  The price difference will be applied as a credit toward your owner operating expenses for up to 3 years. If any credit remains after 3 years, you’ll receive a refund for the balance.

• I want to transfer my ownership to a more expensive home. How does that work?

  You will pay the difference in price. For example, if your original purchase price was $450,000, and your new home share price is $550,000, you will pay $100,000.

• Can I finance the price difference if I transfer to a more expensive home?

  Yes, eligible buyers can use our financing partner to finance the difference in share price.

• How does transferring ownership affect my taxes?

  The transaction is tax free. You will receive a final K-1 tax form for your original LLC and an additional K-1 at the end of the year for the new LLC.

• How does Pacaso resale work?

  After 12 months of ownership, any Pacaso owner can choose to sell their ownership interest, at any time. Each owner has independent control over the sale and price of their share. Pacaso will provide you with a current comparative market analysis (CMA) for your ownership interest, which you can use to help set your price. Pacaso will assist in the sale process by tapping into its existing marketplace of buyers (some homes even have waitlists) and marketing the home on Pacaso and third-party websites. Closing is fast and streamlined.

• Can a Pacaso owner really choose any sale price for their share?

  Pacaso recommends a market price, but the seller makes the final call.

• Can buyers negotiate the sale price an owner has set?

  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.

• What happens if my share isn’t selling?

  In addition to listing the home on Pacaso and third-party websites, 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.

• Are there closing costs, commissions or other transaction fees for Pacaso owners who sell their shares?

  For the seller, a standard commission fee is deducted from the final sale price. For the buyer, there are no title, inspection or service fees on resale transactions. Buyers fund the first six 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.

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