LEARN LISTINGS COMMUNITIES CONTACT CLOSE WITH CONFIDENCE Streamlined closing You’ve found your perfect second home, so let’s walk through what happens over the next couple of weeks. Just a few more steps before you step through the door of your Pacaso! The path to closing Reserve your share Pacaso schedules a call to kick off your closing. You’ll sign the residential purchase agreement and addendum. You’ll receive instructions on how to wire your deposit, which is 10% of the share price. Review and sign documents You’ll receive two packets of documents to review and sign. The first includes the house policy, program manager agreement, inspection report and seller disclosures. The second has the operating agreement and ACH form for monthly operating expenses. Secure financing If you are financing a portion of your purchase, you must provide Pacaso with your most recent pay stub, bank statement and tax return. In addition, you will need to supply a credit report authorization. Prepare for closing Pacaso schedules a check-in call 5 days before closing. We’ll review your closing statement and wire instructions for sending the remaining funds. We’ll confirm all documents are signed and verify your first stay date. Close Congratulations, you are now a Pacaso owner! It’s time to crack open the champagne and share the good news about your second home with your family and friends. Now, just one more step. Onboarding Following closing, schedule an onboarding session with your home manager. Download the Pacaso app so you can start booking your stays, and get ready to enjoy your new second home! What to expect as an owner Our support doesn't end at closing. Pacaso takes care of your home, so you can just show up and relax. Our ongoing services include property management, bill payment, maintenance and more. Owners are responsible for the home's monthly operating expenses, such as utilities and cleaning. Pacaso passes these costs through to owners, with no markup, based on the number of shares owned. We charge a $99 monthly fee for our management services. LEARN MORE Closing FAQs ARE CLOSING COSTS INCLUDED IN THE PRICE? DOES THE PACASO MANAGEMENT FEE GO UP EACH YEAR? CAN PACASO MAKE CHANGES TO THE OWNER OPERATING AGREEMENT? CAN PACASO RAISE MONTHLY OPERATING EXPENSES? WHERE DO THE RESERVE FUNDS GO AND HOW ARE FUNDS USED? WHAT IF ANOTHER OWNER DEFAULTS? HOW DOES PACASO PROTECT ME AS AN OWNER? SIGN UP FOR FULL ACCESS Unlock exclusive features & receive updates Email UNLOCK OFFERINGS Learn Listings Scheduling Financing Closing Selling ABOUT Our story Agents Careers Get the inside story Press Communities SUPPORT Resources FAQs Terms Privacy Candidate Privacy Sitemap Contact TREC: Info About Brokerage Services, Consumer Protection Notice California DRE #02139624 2021 Fillmore St. Suite 183, San Francisco, CA 94115 USA ©2020 Pacaso. All Rights Reserved Our website uses cookies to help us improve your browsing and shopping experience. By continuing, you agree to our use of cookies. Accept