When offering Secconda to clients or explaining our services, it may be useful to succinctly introduce our project. The following paragraph summarizes what buyers can expect from us.
Secconda is a real state co-ownership company that provides a better way to buy and enjoy a luxury second at a fraction of the cost, with none of the complications usually associated with homeownership. The contemporary process begins when Secconda purchases a stellar single-family home in a highly sought area of Europe or abroad. A limited liability property company is created for the purchased home with 8 shares. From those shares buyers may purchase from 1 up to 4 of the 8 shares according to their needs and desires. Once all shares have been sold, Secconda remains to assist with co-ownership but does not keep any ownership. Secconda helps by managing the property which includes the initial interior design, janitorial services, scheduling services and technology, maintenance and repairs, the payment of bills and taxes, overseeing the Property Company, and providing general assistance. Owners enjoy multiple stays at their home throughout the year and make memories at a beautiful home away from home.
Buyer Benefits
Buying a home with Secconda provides the following benefits:
- Access to the luxury second home market due to the increased purchasing power as a result of fractional purchase.
- The option to choose the amount of ownership that best fits their lifestyle from 1/8 to 4/8 of the home.
- Buying at a lower cost an amazing second home and avoiding the hassles of second home ownership through our full management services.
- Lower yearly maintenance costs, as divided among shareholders.
- Smooth and streamlined resale. If so desired, co-owners may sell their share of their home after an initial one year period, with freedom to partner with a local agent and set the listing price.
Common Questions by Buyers
Are Secconda homes like timeshares?
Secconda uses a Property Company co-ownership model that is completely different from a timeshare. Secconda sells real estate up to 8 co-owners. The value of the home moves in accordance with the market, and the shares may be sold at any time after an initial one-year period of ownership.
What is the closing process like from an agent perspective?
The closing process mirrors that of a whole home purchase. The paperwork and legal considerations are largely the same. Real estate agents collaborate with Secconda to assist buyers, and receive full buy-side commission upon closing.
How does scheduling work?
Scheduling stays is done through the SeccondApp in an equitable manner in accordance to shares owned. Scheduling is uncomplicated, and can be done 24 months in advance for Program Stays or just 2 days ahead of time for On The Go Stays. No one is tied to specific dates, and there are flexible options in case an owner cannot make it to their scheduled stay.
Agent Benefits
- Agents receive full buy-side commission upon closing on a Secconda share.
- Secconda generates more business opportunities, and the possibility of bringing multiple clients for a single property.
- Agents may stimulate their client roster to find current second home owners interested in selling, or prospective owners.
- By democratizing second home ownership, Secconda opens the market to a sea of new potential clients.
- It provides the opportunity for agents to stand out for offering the latest, most efficient, and cost effective method of second home ownership.
For any other questions feel free to go through our FAQs or Contact Us.
