Pacaso, the tech-enabled co-ownership marketplace for buying, owning, and selling luxury vacation homes, opens 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 introduces its first suite of a la carte co-ownership services “to support individuals looking to independently co-own real estate.”
This nationwide expansion of listings, price points, and co-ownership DIY services propels the company further “towards its mission of democratizing access to vacation home ownership.”
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 says it “evaluates, purchases, and transforms homes into fully-furnished Pacaso residences.”
Pacaso explains that it “handles all aspects of homeownership including: integrated financing, luxury interior design, post-purchase professional property management, and seamless resale support.”
Pacaso CEO and Co-Founder Austin Allison said:
“Today, we’re empowering buyers across the country to identify their own slice of paradise. 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.”
Allison stated:
“We’re in the business of creating memories. With Pacaso, you establish lifelong traditions in a home and community you know intimately and have a long term connection to. That’s something you don’t get with short-term rentals or other transient travel options.”
Pacaso also launches its inaugural suite of a la carte services to assist individuals looking to independently co-own real estate.
The company will now sell 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.”
Spencer Rascoff, Pacaso Chair and Co-Founder, and Zillow Co-Founder and Former CEO:
“Many great consumer-first companies, such as Tesla and Uber, begin with an upscale product before expanding into more accessible price points and products. Just as Uber grew from its first luxury product of Uber Black in select U.S. cities before expanding globally with more offerings, Pacaso is now embarking on an exciting expansion phase to revolutionize vacation home ownership across the nation.”