Find a second home you love.
Pacaso will buy half.

Welcome to a whole new way to buy, sell and own second homes.
Pacaso has taken traditional co-ownership and brought it into the 21st century
using fresh thinking and cutting edge technology.

Watch Overview
Find My Pacaso

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Own your dream home for a fraction of the cost and risk.

Historically, the ability to own a second home has been a reality for few people. Pacaso is here to democratize access and help more people become second home owners.

Pacaso gives buyers the opportunity to own a second home for dramatically less cost and management hassle than whole second home ownership.

With Pacaso, you have the ability to own the amount of a second home that’s right for you, ranging from one eighth to one half ownership. This means carefree ownership of a turnkey second home, with Pacaso taking care of property management, interior design, scheduling and bill paying.

Scheduling Overview

Yes. Pacaso has flexible financing options available for qualified buyers. Or buyers can use other sources such as a HELOC, credit line or cash.

What makes Pacaso unique?
Pacaso is a new real estate company, founded by the team behind Zillow. It offers a new way to own a great second home for less costs and hassle: professionally managed LLC co-ownership. Pacaso buys an amazing single-family home and creates a property-specific limited liability company (LLC) with a maximum of eight owners.
Is this a resort timeshare?
No. Pacaso is LLC co-ownership of a true real estate property asset in a residential community with a small group of fellow owners. The value of the owner’s real estate property asset moves in line with the whole-home market, and owners can sell at a price of their choosing.
Does this work like a regular real estate transaction?
Yes. The legal forms and closing process will be largely the same as a standard home purchase. Local agents (like me) partner with Pacaso and receive standard commissions.
How do I use my Pacaso home?
Each home is professionally managed and maintained by Pacaso. Owners use the company’s equitable SmartStay™ system to arrange stays in their turnkey home anywhere from two days to two years in advance. It’s the smarter way to own the amount of second home you’ll use without the hassle of short-term rental.
What does it mean to own a Pacaso?
  • True real estate property ownership that moves in value with the whole home market. As a true owner, any equity realized is yours.
  • Ownership of a single-family second home, not the right to use a condo or hotel room. You and your co-owners own 100% of the home.
  • Clear marketing and sales practices by licensed real estate professionals. No hard-sell presentations!
  • A smaller owner group. Instead of up to 52 owners per room with timeshares, Pacaso has two to eight owners per home.
  • No hefty resort fees or hidden costs. Operating expenses are passed along equitably and at-cost to owners.
  • Access to the property all year through our SmartStay scheduling technology and owner app, not just a fixed singular week.

How do I find a Pacaso home?

True real estate property ownership that moves in value with the whole home market. As a true owner, any equity realized is yours.

SHOP

Tell us where you want to own a second home, and how much time you expect to use it. Pacaso will help you find the perfect home currently for sale on Pacaso or any real estate site.

MATCH

Pacaso will set up a fully managed LLC uniquely designed for co-ownership, and help you purchase your desired interest, between 1/8 to 1/2 ownership in the LLC. Pacaso then brings together vetted buyers to co-own with you.

BUY

Pacaso takes care of everything - from interior design and home repairs, to bill pay and local property management. Owners use the Pacaso mobile app to make scheduling easy and equitable.

How It Works

What's the same?

  • The buyer is a deeded owner of a real estate property asset. Pacaso acts as the third-party manager of the LLC but is not an owner.
  • Real estate agents receive standard commission for their work and act as advocates for the owners.
  • Buyers can finance their purchase. They can also use other sources such as a HELO, credit line or cash.
  • The legal forms and closing process will be largely the same as a standard home purchase. (A few differences are noted below.)
  • Owners can sell their Pacaso anytime after the first 12 months of ownership, listing it at the price they choose. (Fellow owners have first right of refusal.)
  • Taxes

What's different?

  • Pacaso buys a portion or the whole home directly from the seller, negotiating the best price.
  • Pacaso forms a property-specific limited liability company and signs the closing paperwork on behalf of the LLC.
  • Each buyer can purchase the “amount” of home they’ll use, ranging from 12.5 to 50%. (This gives buyers the chance to co-own a more expensive home than if they were buying a whole home.)
  • Pacaso offers up to 50% financing and a competitive 10-year adjustable rate mortgage for qualified buyers. Pacaso serves as the corporate guarantor of the loan.
  • Each buyer signs an owner-operating agreement for the LLC; they now collectively own 100% of the home together.
  • Owners can plan their finances, knowing that annual fees are equal to 1% of the ownership value and include monthly operating expenses.
  • Owners divide property management and maintenance costs equitably and are included in monthly operating expenses.
  • Pacaso handles the property management, bill paying and provides the scheduling technology to ensure equitable access to all owners based on their shares in the home.
  • Pacaso assumes financial responsibility if an owner defaults on payments, protecting the home’s other owners.