Frequently asked questions
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Do I really own the property?
Yes. Owning a Pacaso is true property ownership. You purchase a share in a property-specific limited company. The home is fully managed and designed specifically for co-ownership.
HOW DOES PACASO CO-OWNERSHIP COMPARE TO A TIMESHARE OR WHOLE HOME OWNERSHIP?
Unlike a traditional timeshare involving a contractual right to use a property, owning a Pacaso is ownership of a property asset that moves in value with the local market. Scheduling is flexible, and the owner group is small. The purchase price and ongoing expenses are a fraction of the cost of whole home ownership, and you avoid the hassles of traditional ownership, like time spent doing property maintenance when you should be enjoying a well-earned break!
How does the scheduling app work?
The Pacaso app is powered by our SmartStay scheduling system. It’s easy to use and equitable for owners based on their number of shares owned. The app displays real-time availability and supports two types of owner stays: general and short-notice. General stays are made 8 days to 24 months in advance, and each owner has access to a general stay that falls on a special date (e.g., public holidays or popular local events). Short-notice stays are made 2 to 7 days in advance of arrival. Over time, the SmartStay system will learn each owner’s stay preferences and make suggestions for dates you might prefer.
Am I required to finance through Pacaso?
No. We have integrated financing available to offer our buyers, but you are welcome to use other sources of capital like home equity financing or cash to purchase your home.
How does Pacaso resale work?
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. Completion is fast and streamlined.
How does Pacaso compensate real estate agents?
Pacaso works with agents and pays generous commissions. Get paid a full 3% referral commission on the share price of any Pacaso your client buys. If your clients decide to sell their Pacaso, you earn an easy 1% referral commission on each resale for life.
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