What is CasaShared?
CasaShared is an online marketplace where you can buy tropical tiny homes on the Nicoya Peninsula in Costa Rica. You can either own the home outright, or split ownership up to 8 ways.
How does co-ownership work?
Co-ownership allows you to purchase your dream vacation home at a fraction of the regular cost. You split the cost with one or more other owners and share the time spent at the property with them as well. CasaShared manages all the details, and you enjoy your vacation life on the beach.
How many co-owners are there per home?
CasaShared properties are split anywhere between two and eight shares, depending on how much one wants to invest and how much time they plan on spending at the property. Your CasaShared representative will help you find the perfect situation for your lifestyle and budget.
How is a CasaShared home different than a timeshare?
Timeshares are well-known money pits. You don’t get to cash out on your investments, and if you don’t use your time, you lose it. With a CasaShared single-family home, you own the property and build equity with every payment. You can sell on your terms at your determined price, as well as rent to others with no restrictions.*
Does CasaShared charge fees?
If you are becoming a co-owner, we charge a one-time 12% service fee when shared are purchased. But if you purchase a full unit, you can save! The one-time services fee goes down to 7%.
What if a co-owner defaults on a casa?
If three or more shares come into default, CasaShared reserves the right to make a forced property sale. The shares and investments that are not in default are protected and will not be lost by the other co-owners.
When can I sell my shares?
When you purchase a CasaShared home, you enter into a 12-month holding period. After that, you are free to sell your shares at any price. Fellow co-owners of your casa have priority to purchase additional shares of the property, and then the opportunity is opened to new buyers or buyers who want to purchase shares in an additional casa.
Can I rent out my casa?
If all fellow co-owners sign a trust agreement that allows others to rent out the casa, then renting is well within the co-owners rights. If you plan on renting out your share of the casa, speak with your representative so that you can be matched with other co-owners who have the same plans.
Do you offer financing?
CasaShared owners may qualify for up to 50% financing on their dream vacation property. This is dependent on both buyer credit and the eligibility of said property.
Is each casa insured?
Of course! You’ve invested in this home and that deserves the ultimate degree of protection. Every casa comes with homeowners’ insurance to protect your foreign second home in the case of accidents such as fire and natural disasters such as flooding.
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