Home Service company Pacaso Launches Innovative Luxury Second Home Condominium Platform in Santa Barbara, California

Pacaso Launches Innovative Luxury Second Home Condominium Platform in Santa Barbara, California


SANTA BARBARA, California, November 24, 2021 / PRNewswire / – Pacaso, the main real estate platform for the purchase and co-ownership of a luxury second home, today announced that it has extended its service to Santa barbara, california. The company has started hiring a regional team and is working with various local businesses to support its operations.

“We are delighted to extend our service to Santa barbarasaid the CEO and co-founder of Pacaso, Austin allison. “Known for its beautiful beaches and magnificent Mediterranean-style houses, with the Santa Ynez mountains as a backdrop, Santa barbara has long been a shoppers’ dream destination. However, many are waiting on the sidelines due to escalating prices and the lack of homes to sell. With Pacaso, people wishing to buy a second home here now have a new solution. A small group of families can increase their purchasing power by co-owning a luxury home. Not only does this allow more efficient use of the housing stock, it also distracts middle market second home buyers, freeing up that stock for local primary home buyers. “

“Working with Pacaso has been a pleasure and it is obvious to me that the Pacaso team are passionate about their business and go above and beyond for their clients,” said Tyler Mearce, real estate agent at Sotheby’s International. “Pacaso brings something new to the table: They only buy luxury homes in second home destinations, and because they offer up to eight shares of ownership per home, their model is actually helping to increase stocks in the region. “

Pacaso partners with all interested real estate agents and brokerages in the markets in which it operates. Realtors representing buyers who buy a share of a Pacaso home receive a 3% referral commission in addition to 500 RSUs of Pacaso shares as a benchmark equity premium. Agents in Santa barbara who wish to work with Pacaso can find out more about the website.

The first inscription of Pacaso in the region is a contemporary four bedroom located in the hills of Santa barbara which offers breathtaking views of the ocean, harbor and mountain. Find out more about the houses available everywhere Santa barbara, please visit the Pacaso website.

About Pacaso
Pacaso® (pronounced as “Picasso”) modernizes the decades-old practice of condominiums by creating a marketplace that makes it easier to buy, own and sell a luxury second home. From keeping the best listings in major second home markets to offering integrated financing and sales of as little as â…› to ½ property; high-end interior design; and professional property management, Pacaso offers homeowners all the benefits of owning a second home with less hassle. After the purchase, Pacaso manages the home on an ongoing basis and supports a frictionless resale process in partnership with a licensed real estate professional.

Pacaso was co-founded by former Zillow executives Austin allison and Spencer rascoff.