F.A.Q.s

When the perfect property is identified, each member makes a capital contribution to purchase the home. Member’s capital contributions are secured by the property, which is acquired in an all-cash transaction. While the LLC is not permitted to carry debt, a member may elect financing that doesn’t encumber the property, such as refinancing an existing primary home or a bank line of credit.

Annual fees cover all expected operating expenses associated with homeownership, including property taxes, insurance, utilities, pool and landscape services, management fees, homeowner association fees, miscellaneous repairs and maintenance, and tax return filings for the LLC. The annual operating budget is updated, presented to all homeowners, and paid for at the start of each year. Each member’s contribution is proportional to their investment in the property.

Each owner will get to use the property proportionately to their respective ownership percentage.  As an example, if you own 1/6 of the property, you will get to use it for 2 months each year.

Generally speaking, the answer is no.  Each year the owners will draft weeks in the upcoming year. The draft order rotates each year, making the drafting equitable for all partners.  

If you love your vacation home, but feel like you don't use it enough or would like to reduce your maintenance costs, selling part of your property could be your perfect solution.  With Homes in Shares, you can continue to use and own part of the property while creating some liquidity in the partial sale.

Homes in Shares re-titles your home in the name of a property-specific LLC.  Initially, you will retain 100% ownership of the new LLC.  As we bring buyers, they will purchase interests of the LLC, diluting your ownership percentage down to your desired retained ownership percentage. This allows you to cash in your homes value at a premium, plus you get to retain all the benefits of owning your Home in shares. 

Homes in Shares design team reviews each home. If the furninshings align with Homes in Shares aesthetics, we will offer to purchase the furnishings from you.  If not, the home will be completely decorated and furnished after closing. 

Homes in Shares design team reviews each home. If the furninshings align with Homes in Shares aesthetics, we will offer to purchase the furnishings from you.  If not, the home will be completely decorated and furnished after closing. 

You can be as involved as you would like, from simple handoff to ongoing communication. Simply let us know what you prefer. 

The commission is based on the share price.  If you bring more than one buyer, you will receive a commission for each buyer. 

Yes!  Homes in Shares loves working with real estate agents and pays a full 3% buyer's agent commission. 

Co-ownership means you and up to seven other co-owners share the legal ownership of vacation home property.  Each of you enjoys exclusive use of your Home in Shares based on your ownership percentage.

That's great!  We'd love to learn more.  We pay a full 3% seller's agent commission on the sale of any home through Homes in Shares. Send the listing to us via our contact page, if it's a good fit, we will contact you with next steps. 

Homes in Shares chooses homes based on location, size, amenities, build qualities, and other characterists that are important to our buyers. We ensure the experience of owning a Homes in Shares property will be special.

Creating a co-ownership interest in your clients existing home allows them to continue using and enjoying their vacation home.  The difference is your client receives some liquidity on the sale of the property in addition to continued use as a now co-owner. 

If your client loves their home, but isn't using it enough or would like to reduce the cost to maintain it, co-ownership may be a great opportunity for them.   We pay a full 3% Seller's agent commission on homes sold through Homes in Shares, make the introduction, we truly are a great option for the right seller.