Pacaso, the tech-enabled co-ownership marketplace for buying, owning and selling luxury vacation homes, opened up thousands of new listings nationwide resulting in a 200-fold increase in homes, with co-ownership opportunities now starting as low as $200,000. Simultaneously, the company introduced its first suite of a la carte co-ownership services to support individuals looking to independently co-own real estate.
Buyers can now shop from thousands of curated third-party listings and express interest in 1/8 to 1/2 of a home. As buyer interest grows, Pacaso evaluates, purchases and transforms homes into fully-furnished Pacaso residences. Pacaso handles all aspects of homeownership including integrated financing, luxury interior design, post-purchase professional property management and seamless resale support.
“Today, we’re empowering buyers across the country to identify their own slice of paradise,” said Pacaso CEO and Co-founder Austin Allison. “With millions aspiring to own vacation homes, but facing affordability challenges, Pacaso’s co-ownership solution just became more accessible through nationwide expansion, enabling more families to enjoy vacation homeownership.”
In addition to thousands of new third-party listings, buyers can continue to shop from the company’s “Available Now” listings that are stay-ready and available for immediate enjoyment. Currently, 50% of these homes are offering buyer financing at 5% or less. Within this selection are the Pacaso Estate collection listings. Estate homes are ultra-luxury Pacaso homes priced greater than $1 million per 1/8 ownership.
Pacaso also launched its inaugural suite of a la carte services to assist individuals looking to independently co-own real estate. The company now sells legal templates for LLC formation and operating agreements. These services can be applied to DIY co-ownership of a vacation home or primary residence, with plans to add more services in the future to provide comprehensive co-ownership support.
