Frequently Asked Questions

Explore our most asked questions relating to co ownership of your second home.

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What markets are you in?

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Experience luxury living in the most sought-after second-home destinations across the U.S., Mexico, and Costa Rica with Luxury Shares. Discover our active markets here: https://luxuryshares.com/listings - you won't want to miss out!

Referral Program

Who can I contact if I have more questions or concerns?

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Got more questions or concerns? Drop us a line at info@luxuryshares.com and we'll be more than happy to help you out!

Buying

Is Luxury Shares a property management company?

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Discover the world of Luxury Shares, a revolutionary real estate service that allows you to not only own a share of a second home but also avail our exceptional property management services. Whether it's buying your dream vacation home or ensuring its meticulous upkeep, Luxury Shares has got you covered. In most of our markets, we directly handle all property management services, guaranteeing that your investment is maintained to the highest standards. And when direct management isn't possible, we team up with trusted local property management companies, making sure every detail, from maintaining the landscape to cleaning the gutters, is taken care of.

Neighbors

What does Luxury Shares do?

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Looking to co-own a second home? Luxury Shares has got you covered! We provide top-notch LLC management services, taking care of all the legal and property details, so you can have a hassle-free and enjoyable experience.

Neighbors

How do taxes work?

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At Luxury Shares, we've got property taxes covered! We'll even provide you with an annual K-1 tax form. Don't worry about the hassle - the taxes are included in your operating expenses. Still, it's always a good idea to seek advice from a tax professional for more information.

Ownership

How can owners use the reserve funds?

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Owners have the exciting opportunity to tap into the reserve funds and replace items that have reached their limit, like washers and dryers or roofs. And if that wasn't thrilling enough, they can even propose a vote to use the funds for cool upgrades, such as enhancing the sound system in their house.

Ownership

What services are provided for Luxury Shares second homeowners?

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Experience the exceptional services of Luxury Shares for second homeowners. Benefit from their expert maintenance and property management, convenient handling of monthly owner expenses and taxes, hassle-free resolution of any disputes, continuous innovation of the user-friendly Luxury Shares app and digital technology, and reliable owner support, available every single day of the year.

Ownership

Can I swap stays with other owners?

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Exciting news for Luxury Shares owners! You can already enjoy the flexibility of swapping stays with friends and family who own different Luxury Shares through our user-friendly app. And guess what? We have even more in store for you! Stay tuned for the upcoming release that will enable you to swap stays directly with other co-owners within your own Luxury Shares.

Scheduling

How does the scheduling app work?

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Experience the convenience of the Luxury Shares app, powered by our Intelligent scheduling system. It's designed to be user-friendly and fair to all owners based on their share ownership. With real-time availability updates, the app offers flexibility for both advance and short-notice stays.

Scheduling

Does my share increase in value if the home appreciates?

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Absolutely! When your home appreciates, the equity gains that come with it are all yours as the true owner.

Buying

Do I need an agent to buy a Luxury Share?

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You won't need an agent to buy a Luxury Share. We'll be thrilled to guide you through the purchase, even if you don't have an agent. And if you do have a real estate agent, just give us a heads up as you kickstart the purchase process.

Buying

What monthly costs will I have to pay as a Luxury Shares owner?

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Are you curious about the monthly costs of being a Luxury Shares owner? Well, here's the scoop! Along with the thrill of ownership comes some financial responsibility. You'll contribute to property management, maintenance, taxes, and repairs on a monthly basis. Don't worry, though, these costs are divided fairly among all owners. And that's not all! To ensure that you receive top-notch service and an enhanced owner experience, there's a small $99 monthly fee covering LLC oversight, ongoing owner support, and cutting-edge technology. It's a small price to pay for the luxurious lifestyle you deserve!

Buying

Do I have ownership of the home?

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Absolutely, you have ownership of the home! Owning a Luxury Share means that you become a true owner of the real estate. You'll have the pleasure of purchasing a share in a property-specific LLC, giving you a stake in the home that is fully managed and thoughtfully designed for co-ownership.

Buying

Who will be responsible for lawn and home maintenance?

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Imagine owning a vacation home where you never have to worry about upkeep and maintenance. That's exactly what Luxury Shares offers. As a vacation home management company, we handle all the necessary tasks to keep your home in perfect condition. Our team of professionals takes care of everything - landscaping, tree trimming, gutter cleaning, pool maintenance, and more. With Luxury Shares, your vacation home will always be well taken care of.

Maintenance

Who furnishes the home?

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Experience the utmost luxury at Luxury Shares! We believe that owning a vacation home should be an absolute delight, which is why we partner with talented interior designers. These experts put their touch of magic into every home, creating a haven perfectly tailored to its style and surroundings. With contemporary finishes, cutting-edge technology, and stunning decor, your home will be a masterpiece. Equipped with all the essentials for cooking, unwinding, and having fun, you can simply arrive and savor every moment without worrying about a thing. Trust us, you're in for an extraordinary treat!

Other

What is a prospect listing?

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Imagine having the confidence that you are getting access to the most sought-after properties on the market. Luxury Shares offers you just that. When we hand-pick a listing as a Luxury Shares Prospect, we anticipate a high demand for it. Our team carefully examines every aspect - price, location, style, and amenities - to ensure we select the best of the best. If our savvy buyers show enough interest, we don't waste any time acquiring the property and transforming it into a true Luxury Shares Home. Through our extensive network, we then present these incredible opportunities to interested buyers, giving them the chance to make an irresistible offer. If there's enough buzz and the offers meet our strict criteria, we seize the opportunity and open the doors to these exclusive properties. It's the ultimate way to live the luxury lifestyle without the outrageous price tag.

Buying

What is the role of the home manager?

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Imagine having your own personal Home Manager, ready to assist you with anything related to your vacation home. From answering your questions and helping with scheduling, to taking care of special requests, we have experienced professionals who are here to make your life easier. And in case of any emergencies, our Home Managers are available 24/7 to provide immediate support. With us, you can have peace of mind knowing that your home is being well taken care of.

Maintenance

What if I want to sell my ownership interest in the home?

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At Luxury Shares, we understand the importance of feeling confident and empowered in your home ownership. That's why we offer you the opportunity to sell your ownership interest whenever you desire. After 12 months of ownership, you have the freedom to sell your equity share, setting the price that suits you best. We have a dedicated network of eager buyers, and your home will be showcased on our website and other platforms, reaching a wide audience through our effective marketing strategies.

Ownership

Is Luxury Shares a timeshare or fractional company?

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Are you tired of timeshares that give you headaches and restrict your vacation plans? Luxury Shares is here to offer you a better alternative. Say goodbye to rigid schedules and resale problems. With Luxury Shares, you can truly own a share of a luxury home and have control over your vacations. No more sharing a hotel with dozens of people. Plus, the company takes care of all the management details and ensures full transparency. And the best part? You can easily sell your share on the open market after just 12 months. Discover the freedom and flexibility of Luxury Shares and make owning a vacation home a dream come true.

Ownership

I’m unfamiliar with the luxury shares process. How does it compare to a whole home sale?

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Discover a whole new level of convenience with Luxury Shares. Our luxury shares process is designed to make your life easier. Think of it as a whole home sale, but with all the hassle taken care of. We handle everything, from organizing tours and inspections to managing escrow. And don't worry, we'll keep you in the loop every step of the way.

Agent

How much time will I have in my home each year?

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Imagine having your own vacation home, a haven where you can escape from the outside world and enjoy precious moments with your loved ones. Our owners typically spend 2-8 blissful weeks each year at their second homes. Of course, the choice is yours, as you decide when and for how long you want to be there. Each visit should be a chance to feel completely at ease and rejuvenated.

Scheduling

How do taxes work with property ownership?

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At Luxury Shares, you don't need to worry about property taxes - we'll handle it for you! In addition, we provide all owners with an annual K-1 tax form. Rest assured, the funds for taxes are already included in your operating expenses. If you have any questions, feel free to consult a tax professional!

Ownership

How do I schedule time to enjoy my home?

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Experience the joy of your co-owned property by taking advantage of our seamless scheduling system and expert reservation specialists. From special dates like federal holidays to popular local events, our calendar ensures you have the perfect time to relax and enjoy your vacation. Additionally, with the option for short-notice stays, you can indulge in spontaneous getaways. Need more information? Visit our FAQs to learn more about scheduling. Get ready for an unforgettable vacation!

Scheduling

Does luxury shares manage each home directly?

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At Luxury Shares LLC, we understand the importance of trust and peace of mind when it comes to managing your valuable investment property. With our comprehensive and transparent management services, we handle everything from marketing and finding buyers to repairs and maintenance, ensuring that your property is well taken care of. Our network of trusted real estate partners adds to our expertise in the industry. Experience a hassle-free way of owning real estate with Luxury Shares LLC.

Maintenance

How do short-notice stays work?

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Imagine the ultimate convenience of booking a luxurious vacation home with just a few days' notice. With short-notice stays, you can indulge in the perfect getaway without worrying about your annual stay count. Say goodbye to restrictions and hello to limitless enjoyment. Not only that, but these stays also guarantee that your investment is being maximized, ensuring you get the most out of your vacation rental ownership.

Scheduling

Does this work like a regular real estate transaction?

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While the legal forms and closing process may seem familiar, let me tell you about the exciting aspects of our service. We not only handle all the necessary paperwork and closing details, but we also provide you with everything you need to own the property through an LLC. That's right, we give you the operating agreement and all the membership materials. It's like taking your real estate transaction to the next level!

Buying

I sold a Luxury Share in the past. Is this program retroactive?

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Our Referral program doesn't extend retroactively. However, it's an exciting initiative designed to recognize and reward our incredible agents!

Referral Program

Is this program available to agents who bring Luxury Shares listings?

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Our Luxury Shares referral program is not accessible to agents who have Luxury Shares listings. It is exclusively tailored for agents who excel at enticing buyers and skillfully completing buy-side transactions.

Referral Program

Can I skip my commission check and instead be paid with 100% equity?

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We understand the desire to be paid with 100% equity, but we cannot skip your commission check. However, we still value your contribution and will reward you with high cash commissions.

Referral Program

Will I still be paid commission?

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Absolutely! As a highly valued buyer's agent, not only will you enjoy a generous 3% referral commission for successfully selling a Luxury Share and that's not all! even after the initial sale, you'll continue to earn a hassle-free 1% referral commission on every future resale your clients make. It's an opportunity to earn for a lifetime!

Referral Program

How many owners will own each Luxury Shares home?

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Luxury Shares homes can have a varying number of owners, ranging from two to ten individuals. However, only one fortunate owner gets to enjoy the home at a time.

Neighbors

Why is Luxury Shares good for my neighborhood and community?

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Luxury Shares isn't just a community of neighbors, it's a collective of passionate homeowners who actively contribute to the vibrancy and prosperity of the neighborhood. Unlike typical second homes that often sit empty, our owners embrace a year-round lifestyle, supporting local businesses and fostering a sense of togetherness. With dedicated Home Managers and a commitment to local service providers, Luxury Shares prioritizes the care and maintenance of each property. Moreover, our unique model can add value to your own home when it comes to reselling, attracting a diverse range of potential buyers.

Neighbors

Will a Luxury Shares home in the neighborhood create noise and disruption?

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Rest assured, a Luxury Shares home in the neighborhood will not cause any noise or disruption. Our commitment to providing a peaceful environment means that owners are not allowed to throw events or parties that could disturb the tranquility of the area. We also enforce quiet hours from 9 p.m. to 7 a.m. to ensure a peaceful atmosphere. If you happen to come across any concerns regarding a Luxury Shares home in your neighborhood, we're here to help. Get in touch with us at info@luxuryshares.com.

Neighbors

Can Luxury Shares homes be rented?

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Unfortunately, Luxury Shares homes are not available for rent, whether it be for a quick getaway or an extended stay. These exquisite properties are exclusively reserved for owners and their esteemed guests.

Neighbors

Luxury Shares are selling a share of a home in my neighborhood. What should I expect?

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Get ready for amazing neighbors! Luxury Share owners are just like you - they take pride in being homeowners and contribute to a sense of community. By signing our owner Code of Conduct, Luxury Shares owners demonstrate their commitment to being conscientious, respectful neighbors who create a welcoming atmosphere.

Neighbors

Luxury Shares is not in my market. How can I work with you?

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Looking to break into the luxury market outside your area? Look no further than Luxury Shares. Our incredible homes in top destinations across the U.S, Mexico and Costa Rica are perfect for second-home buyers. And when you work with us, you'll earn an impressive 3% referral commission and an equity bonus on buy-side sales in any market. So why wait? Start exploring your options today with Luxury Shares.

Agent

How does Luxury Shares get their second home listings?

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At Luxury Shares, we take pride in our meticulous process of acquiring second home listings. Our dedicated team carefully sources these listings from the local IDX platform, always adhering to the rules and regulations set by IDX and the local MLS.

Agent

I have a listing that would be a great Luxury Shares. How do I share it with you?

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Want to share your amazing Luxury Shares listing with us? Easy! Just head over to our Sell your property page and submit it. We'll be sure to follow up if it catches our interest.

Agent

What happens after I submit a referral?

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Congratulations on submitting a referral! Here's what you can expect next - an email will arrive in your inbox confirming the submission, along with a special login to the thrilling Luxury Shares Agent Referral Dashboard. But that's not all! Brace yourself for a friendly call from a Luxury Shares crew member, eager to join you on this incredible journey and collect some important information. Don't forget to sign the referral agreement in the Agent Dashboard - believe us, it's a crucial step to ensure we can bless you with your well-deserved commission from Luxury Shares. Now, let's talk about the Dashboard - it's your virtual command center where you can keep an eye on the progress of all your referrals, from the moment you hit that submit button to the glorious closing. And as if that's not exciting enough, you also get to know exactly how much moolah you're racking up in commissions and RSUs. But what about your amazing client, you ask? Well, they won't just get a simple email confirming the referral submission - oh no, our Luxury Shares sales crew will personally reach out to them. Picture this: a dedicated expert, buzzing with enthusiasm, ready to chat with your client about their wildest second home dreams, their ideal destinations, and all the other juicy details. And yes, you can definitely be involved in these conversations, too - it's all up to you! From that moment on, you can sit back and relax while we handle all the nitty-gritty stuff. We'll arrange home tours, tackle client queries, manage inspections, handle escrow matters, make sure the title is crystal clear, and provide you and your client with regular updates. With Luxury Shares, everything's taken care of, leaving you with more time to bring in even more referrals and bask in your success.

Agent

How do Luxury Shares compensate real estate agents?

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Experience the convenience of the Luxury Shares Agent Referral Dashboard, where you can effortlessly submit buyer referrals and keep track of your referrals and commissions.

Agent

How does the home sale process with Luxury Shares work?

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Get ready to sell your home with Luxury Shares! They'll market and sell a portion of your home's ownership to eager buyers. Once the ownership interests are sold, your home will be placed into a property-specific LLC with tokenized shares. You have the freedom to choose the ownership percentage that works best for you, up to 50%, while Luxury Shares handles finding buyers for the rest. It's a hassle-free way to sell your home!

Selling

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

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Attention, Luxury Shares owners! When it comes to selling your shares, rest assured that the process is straightforward. Sellers will incur a commission fee, but fear not! Buyers, on the other hand, can breathe a sigh of relief as they won't have to worry about any additional title, inspection, or service fees. However, keep in mind that buyers are responsible for funding the initial two months of their home's operating expenses during the closing phase. Think of it as similar to prepaying property tax and insurance. And remember, if you decide to finance your purchase, there's a financing fee waiting for you at closing. But don't let that discourage you, as the investment in these luxurious shares is worth every penny!

Resale

Can a Luxury Shares owner choose any sale price for their share?

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At Luxury Shares, we provide a suggested market price, but when it comes to selling your share, the power is in your hands.

Resale

Can I transfer ownership to another Luxury Share at any time?

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Unlock the freedom to transfer ownership with Luxury Shares! Within the first 12 months of ownership, you have the opportunity to transfer your share to another individual. Don't worry if you need a little more time to make a decision - we offer a 30-day grace period for you to take advantage of this option. After that, unfortunately, the transfer option will expire, but you can still resell your share on the open market.

Resale

How is the deed recorded?

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You'll be happy to know that we go to great lengths to ensure the privacy and protection of your property. Each property's deed is recorded in its own LLC, providing the necessary legal safeguards for all owners.

Ownership

Can owners themselves borrow against their Luxury Shares?

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Unfortunately, borrowing against Luxury Shares is not allowed for owners as stated in our operating agreement.

Ownership

What happens if zoning laws change?

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Should zoning laws undergo any modifications, Luxury Shares would be the steadfast advocate for the LLC. Although the chances of this happening are slim, we understand the potential disruption it could cause to countless households in second-home markets.

Ownership

Who is responsible if something breaks?

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As an owner, you don't have to worry about footing the bill for life-limited items as those expenses are covered by the LLC reserve fund. However, it's important to remember that if something breaks because of your actions, you're the one who needs to take responsibility for fixing or replacing it.

Ownership

What is considered a "routine matter" that Luxury Shares can resolve without ownership voting?

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Luxury Shares can take care of routine matters, the little things that need to be fixed or maintained around the home to keep it in owner-ready condition. This includes tasks like winterizing a deck or replacing a broken dishwasher.

Ownership

Can Luxury Shares sell the entire property?

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In a highly unlikely scenario, Luxury Shares has the power to sell the entire property! Imagine that! If more than three shares are in default for more than 90 days and fail to sell at a 50% loan-to-value ratio, the company can step in and find a buyer. But fear not, dear owners! You have the chance to buy those defaulted shares at a discount before anyone else. So, you still have a fighting chance to keep your ownership intact!

Ownership

Can Luxury Shares stop me from selling?

X

Absolutely not! Luxury Shares won't stop you from selling whenever you please. Once all the other Luxury Shares have been sold, owners like you have the freedom to sell at any time. You have full control over setting your desired price, while Luxury Shares takes care of listing and promoting your share, just like they do with a complete home sale.

Ownership

Can owners decide to run the LLC without Luxury Shares?

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As the owners of Luxury Shares, you have the power to decide whether they are meeting your expectations. If you feel that they are not living up to their promises, you and your fellow owners can vote to remove them as the program manager and take control of the property yourselves.

Ownership

Can an individual owner be held liable?

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As a general rule, the LLC will have your back if you're acting in good faith and following the operating agreement. But beware! If you show negligence, misconduct, or dare to breach the agreement, you're on your own!

Ownership

Does Luxury Shares pay the legal fees if the LLC is sued?

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Rest assured that owners of the LLC are protected when it comes to legal expenses. Each luxurious home is backed by homeowners liability insurance of up to $10 million.

Ownership

What if another owner defaults? How does Luxury Shares protect me as an owner?

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Rest assured, Luxury Shares has got you covered in case another owner defaults. They serve as the corporate guarantor for share financing, ensuring your protection. If the unfortunate happens, and an owner defaults, Luxury Shares steps in to service the loan. In the unlikely event that the issue lingers for 90 days, they take charge and foreclose on the specific share. The best part? The resale is efficiently managed by Luxury Shares without causing any disruption to the ownership group.

Ownership

Can owners use an LLC trust to purchase their Luxury Shares?

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Absolutely! Owners have the fantastic opportunity to purchase their Luxury Shares using either an LLC trust or their legal name. To make this dream a reality, it is essential to comply with the details laid out in the Luxury Shares Home Documents.

Ownership

Is Luxury Shares ownership the same as a tenancy in common (TIC)?

X

Absolutely not! When it comes to Luxury Shares, it's a completely different ball game. In a TIC, you've got each owner's name on the deed, going through all the formalities of a real estate closing and recording a new deed whenever a share is sold. But with Luxury Shares, it's all about purchasing a share in a property-specific, multi-member LLC. The LLC becomes the proud owner of the home. Now, isn't that interesting?

Ownership

What kind of LLC does Luxury Shares create?

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At Luxury Shares, we create a multi-member manager-managed LLC that acts as a strong and united force, dedicated to representing and safeguarding our valued buyers. This LLC not only holds the title to the prestigious Luxury Shares Home but also boasts its own bank account and tax ID number.

Ownership

How does voting work? How do owners call for a vote?

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Did you know that as an owner, each share you possess grants you the unique opportunity to voice your opinion on important matters that affect your home? For instance, if you believe upgrading the sound system would be a great idea, you have the power to call for a vote! All you have to do is reach out to your Luxury Shares Home Manager.

Ownership

Can Luxury Shares borrow against the property's LLC?

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Unfortunately, Luxury Shares is not permitted to borrow against or put any kind of financial burden on the LLC. The only exception to this rule is when the owners need to secure a mortgage.

Ownership

Where do the reserve funds go and how are funds used?

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Discover peace of mind knowing that reserve funds are securely held in the LLC's bank account and expertly managed by Luxury Shares. These funds are dedicated to safeguarding the impeccable condition of your home, ensuring timely repairs and maintenance. In the event of a major repair, rest assured that allocation of funds is carried out through a transparent competitive bid process.

Ownership

Can Luxury Shares make changes to the owner-operating agreement?

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Want to make changes to the owner-operating agreement? Well, for major changes, an ownership vote is required. But fear not, Luxury Shares does have some authority to make minor changes, like updating the address for state reporting purposes, on behalf of the ownership group.

Ownership

Does the Luxury Shares program management fee go up each year?

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Rest assured, our program management fee does not increase over time. It stays a delightful $99 per month.

Ownership

Who are your banking partners?

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At Luxury Shares, we have solidified powerful partnerships with some of the largest money center banks throughout the US.

Financing

How quickly can I get approved?

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You'll be delighted to know that our approval process is designed to be a breeze and lightning-fast. To kick-start the process, we'll need your driver's license, pay stubs, tax return, bank statement, and credit report. Once you provide all the necessary documents, sit back and relax as we work our magic to grant you approval within a matter of days!

Financing

Am I required to finance through Luxury Shares?

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Absolutely not! We understand that financing options are a personal decision, and we respect that. While we do offer integrated financing options, we also want to give you the freedom to explore other sources of capital, such as home equity financing or even cash. The choice is yours!

Financing

Are all stay requests accepted? How am I notified of the status of my request?

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Discover an available date on the calendar and instantly secure your stay using the Luxury Shares app. You'll be delighted to find your booked stay dates listed in the Upcoming tab under Stays, keeping you excited for your upcoming trip.

Scheduling

What if I don’t get the special date I want?

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At Luxury Shares, we understand how important it is to have that special date you desire. That's why our Scheduling App is designed to treat each owner fairly and provide them with one special date per share. Even if you don't get your first choice right away, don't worry! Our 24-month stay calendar allows you to request your dream date in the future.

Scheduling

How many special dates can an owner hold?

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Owners have the exciting opportunity to hold one special date stay per share at a time.

Scheduling

What is a special date?

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Experience the extraordinary on special dates with Luxury Shares! These dates, which include select U.S. federal holidays and popular local events, are marked in our scheduling calendar. Embrace the excitement and book your stay, but remember that special date stays require a minimum of 3 nights!

Scheduling

What if one of my co-owners misses a payment, or gets behind on their bills?

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At Luxury Shares, we've got your back! Say goodbye to worries about missed payments or unpaid bills from your co-owner. Our ownership program not only guarantees your financial protection, but also ensures your peace of mind.

Buying

Will I get to meet the other owners?

X

At our company, we understand the importance of privacy for our owners and their families. That's why we make it a priority to keep all owner information confidential. While we know it can be tempting to meet fellow owners, we've actually received feedback that not knowing other owners makes the experience even better, more seamless, and hassle-free. So rest assured, we're fully committed to providing you with an exceptional ownership experience that respects your privacy.

Buying

Apart from the Luxury Shares app, what services does Luxury Shares provide after the sale is closed?

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Luxury Shares goes above and beyond just the Luxury Shares app when it comes to providing services after the sale is closed. They take care of everything related to homeownership, from managing your property directly or partnering with a trusted management company, to maintaining the LLC and resolving any disputes that may arise. With their dedication to innovation, they are constantly improving their app and other digital tools to make scheduling more efficient for homeowners. Plus, they even handle your tax forms and property tax payments, so you can have peace of mind.

Buying

Are Luxury Shares the same as a tenancy in common?

X

Absolutely not! Luxury Shares ownership offers a unique twist. Instead of a regular tenancy in common, owners purchase an enticing share in an LLC which is then tokenized. This not only grants protection, privacy, and flexibility but also adds a dash of exclusivity to the mix.

Buying

What is a coming soon listing?

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Get ready to seize the opportunity of a lifetime with our Coming Soon listings! These exclusive Luxury Shares homes are currently under contract and will be up for grabs soon. While there may be some missing details and estimated pricing, rest assured that once the home is ready to be sold, the listing status will be updated to "Available Now." Don't miss your chance to own a piece of luxury - act now!

Buying

Why is Luxury Shares interested in Crypto?

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Luxury Shares is captivated by the incredible potential of crypto! As we expand our reach across the globe, we are witnessing an extraordinary surge in the use of digital currencies. In response to the growing number of second home buyers, we are determined to provide them with a wide array of payment options, no matter where they reside or how they prefer to pay.

Other

Why would I sell part of my home to luxury shares?

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Imagine being able to keep the home you adore while also sharing costs and gaining financial flexibility. That's exactly what selling part of your home through luxury shares allows you to do. Co-ownership is a fantastic option for those who want to make the most of their second home and enjoy its perks to the fullest.

Selling

What work is needed to prep for a sale?

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Getting ready to sell has never been easier! As a seller, all you have to do is sit back and relax. We partner with a local real estate agent to create stunning print and digital marketing materials that will make your home shine. Plus, we'll take care of any repairs needed and add those special designer touches after the sale. It's a hassle-free experience that will leave you with a smile on your face!

Selling

What if another owner damages the home?

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At our property, our owners truly cherish their homes and maintain them in impeccable condition. Every visit is followed by a thorough inspection to ensure their continued excellence. However, in the rare instance that damages beyond normal wear and tear are found, rest assured that the responsible owner will be held accountable and charged accordingly.

Ownership

What luxury shares policies must owners adhere to?

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Experience the unique and intimate neighborhood atmosphere at Luxury Shares, where we value the sense of community for our owners and their guests. To uphold this special ambiance, all owners must adhere to our exclusive Code of Conduct. This means refraining from hosting disruptive large events and keeping noise levels in check. By embracing these guidelines, our homeowners play a vital role in creating a harmonious and enjoyable community that everyone can relish.

Other

What time is arrival and departure for owners?

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Join us at luxury shares homes where the standard arrival and departure time is at 12 noon. If you need a different arrival time or wish to extend your stay, kindly let us know as soon as you can. We will make every effort to accommodate your request, provided that the calendar and cleaning schedules allow it. Keep an eye on your email or phone as we'll notify you 48 hours in advance if your reservation can be adjusted. Thank you for your understanding and we can't wait for you to experience a delightful stay!

Scheduling

What if I need to cancel a stay that I've booked?

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Hey there, as an owner, you have the flexibility to cancel your reservation without facing any penalties if you do so at least 60 days before your arrival date. We'll make sure to let other owners know about the newly available dates. Now, if you cancel within 60 days of your arrival, you won't get a refund unless another owner books the dates. But hey, here's the good news - if someone snatches up those dates, you won't face any penalties at all! Just remember, if the dates aren't rebooked, it will affect your annual stay night cycle. Thanks for understanding!

Scheduling

What are my options for financing?

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Wondering how to finance your purchase? Look no further! At our company, we provide various options to suit your needs. You can pay with cash, tap into a personal line of credit, or take advantage of conventional financing through our trusted banking partners. With our competitive rates and streamlined process, financing your dream home has never been more accessible and hassle-free!

Buying

What happens if my share isn’t selling?

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When your share isn't attracting buyers, Luxury Shares goes the extra mile to market it effectively. They organize captivating open houses, promote the listing through email and direct mail campaigns, and make sure it's displayed prominently on Luxury Shares and other websites. If buyer interest remains low, they might even suggest adjusting the asking price.

Selling

What if I have a client interested in selling part of their home to luxury shares?

X

Exciting news! If your client is considering selling part of their home, we're thrilled to hear more about the property they're planning to list! You can easily submit the details on our Sell page, and if it meets our criteria, we'll be sure to follow up. Meanwhile, here are a couple of things to keep in mind: we'll need some fantastic photos, a compelling description, and information on the asking price and other relevant details. Once we have all that, we'll eagerly evaluate the property and get in touch with you to discuss the exciting possibilities ahead!

Agent

What happens to my furniture when I sell part of my home?

X

When it comes to your furniture, we've got it covered. Our interior design team carefully reviews each home, analyzing if the existing furniture matches the Luxury Shares aesthetic. If it does, we'll buy it directly from you. But, if your furniture doesn't quite make the cut, we'll work our magic and give your home a full interior design makeover after closing.

Selling

What happens if one owner defaults?

X

With Luxury Shares, you can wave goodbye to worries about defaulting owners. We've got your back! In the unlikely event that an owner defaults, Luxury Shares steps in to take care of the loan. No unnecessary fretting needed! If things aren't resolved within 90 days, we promptly foreclose on the specific share and ensure a seamless resale process, all while keeping the ownership group unaffected.

Ownership

What happens if I want to sell in a few years?

X

Ready to make a move? Selling your ownership is a breeze when your home is fully sold. After 12 months of enjoying your home, you can sell your interest if there are available shares. You get to choose the price, and we'll handle all the marketing just like a whole home listing. It's good to note that other owners have the right of first refusal, adding a touch of exclusivity to the process.

Ownership

Luxury Shares is not in my market. How can I work with you?

X

When it comes to finding your dream second home, don't limit yourself to your local market. Luxury Shares offers an array of luxurious homes in top destinations across the U.S. Mexico and Costa Rica. Plus, you'll have the opportunity to earn a generous 3% referral commission and a tempting equity bonus on any buy-side sales, no matter the market.

Agent

My listing is displayed as a prospect. Will you be making an offer on it?

X

We're thrilled to let you know that if there is enough interest in your listing from our network of buyers, Luxury Shares will be more than happy to make a competitive offer on it! Just a heads up, all homes are purchased in a property-specific LLC that is expertly managed by Luxury Shares.

Agent

Is the loan in my name?

X

Rest assured, the loan has been facilitated in collaboration with our esteemed banking partner exclusively for the LLC.

Buying

What down payment is required to purchase a share of a second home?

X

Imagine owning a share of your dream second home. To make it a reality, you'll need to make a minimum down payment of 30%. But don't worry, we've got you covered! Our financing options allow you to finance up to 70% of the purchase price. And here's the best part – buyers who pay down 30-50% can enjoy preferred rates that make this investment even more enticing!

Buying

Is there a financing fee?

X

By choosing to finance up to 70% of your purchase through Luxury Shares's banking partners, you'll unlock exclusive benefits. But don't worry, there's just a small fee at closing. Our friendly and experienced Crew will be there to help you explore all the financing options and provide you with detailed information on the associated costs.

Buying

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

X

Are you looking to upgrade to a pricier home? Well, here's how it works. When you decide to transfer your ownership to a more expensive property, you'll have to foot the bill for the price difference. Let's break it down with an example. Say you initially purchased a property share for $150,000, but now you've set your sights on a more luxurious option with a share price of $200,000. In this case, you'll need to shell out an extra $50,000.

Ownership

Is LLC Co-ownership new to real estate?

X

Co-owning a property with others in an LLC may not be a new idea, but the actual process of setting up and managing such an arrangement can be a real headache—especially when personal relationships are thrown into the mix. This is where Pacaso comes to the rescue! Pacaso's Luxury Shares is a boutique real estate ownership solution that takes care of all the tedious paperwork and operational hassles, allowing you to sit back, relax, and fully enjoy the fruits of your investment. Whether you're dreaming of co-owning a dreamy second home with your closest friends or family, or if you're looking to build a killer rental property portfolio with like-minded investors, Luxury Shares makes it an absolute breeze to get started and unlock all the amazing perks that come with co-ownership. So why go through the stress and uncertainty on your own when Luxury Shares can swoop in and help you find the perfect co-owners, ensuring that your real estate journey is smooth sailing from start to finish?

Ownership

Is commission paid on the whole home price or the share price?

X

The commission is paid on the share price. If you bring multiple buyers, you'll receive a referral commission for each share sold.

Agent

I want to promote luxury shares to my network. What do you recommend?

X

Discover our incredible collection of marketing materials, specially designed for agents like you. From agent education to buyer education, and a range of co-branded assets, you'll find everything you need right here.

Agent

If I sell my shares, can I get paid in crypto?

X

When you sell your shares, Luxury Shares ensures that you receive payment in good old US dollars.

Selling

How quickly can I get approved for financing?

X

You'll be delighted to know that our approval process is a breeze and lightning-fast. All we need from you are some essential documents like your driver's license, pay stubs, tax return, bank statement, and credit report. Once you've handed everything over, we'll work our magic and have you approved in no time at all!

Buying

I want to represent luxury shares as a listing agent. Are you looking for new agent partners?

X

We're excited to connect with agents and explore potential partnerships. We have a strong interest in off-market properties and love collaborating with agents who can bring us these exclusive listings.

Agent