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The wecasa App
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Frequently asked questions
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There are many differences between wecasa and the traditional timeshare model, but some of the key differences are:
You own the home: You share ownership of the home, and can sell your ownership interest and receive the benefit of any appreciation in value. With timeshares, you typically own the right to use the property for a specific period of time. Since you don’t share in ownership of the property and the market is often saturated, timeshares can be difficult to sell and consequently may depreciate.
Luxury homes: Timeshares are known for pushing low quality spaces (read: hotel rooms). Each wecasa is a distinct luxury home with modern design and luxury features that make it a distinctive (not cookie cutter) experience.
Exclusivity: Your home is only accessible to you, your co-owners (a maximum of 8), and your guests and rental is not permitted. Timeshare properties are typically shared between a much larger number of people and are swapped and rented throughout the year - we’re committed to the safety, protection and privacy of your home.
Modern experience: wecasa is uncompromisingly committed to an effortless, luxurious experience for you when it comes to purchasing, enjoying, and selling your ownership interest. wecasa owners use our simple app for booking, customer service, and accessing the home, which enables a flexible and convenient co-ownership experience that’s unmatched by timeshares.
wecasa requires that all prospective purchasers first complete a short questionnaire and online background check to verify suitability as a co-owner in a wecasa property. If a co-owner defaults or does not observe the Use Protocol, wecasa will step in and take necessary action on behalf of the co-owner group.
wecasa will hold a lottery to determine co-owner prioritization and each co-owner will then be able reserve their first two (2) Stays. Once all owners are onboarded into the system, there will be a booking launch where co-owners will be able to make additional bookings at their own convenience.
For each 1/4 ownership interest, a wecasa owner may reserve a maximum of four (4) stays in succession, providing for combined Stays (“Combined Stay”) not exceeding twenty-eight (28) nights. There must be a minimum period of seven (7) Calendar days between the end of a stay, or Combined Stay, and the beginning of the next stay reserved by the same wecasa owner.
For each 1/4 ownership interest, a wecasa owner may reserve up to four (4) Holiday Dates within the 24-month rolling calendar period. While you may not get your top choices every year, the 24-month booking window enables you to request them the next year.
wecasa owners can expect to access their home for 6+ weeks per year for each 1/8 interest they own. As a wecasa owner, you are entitled to reserve up to 6 stays per 1/8th ownership in a wecasa home at any point in time up to 24 months in advance. Stays booked within 30-days from the time of booking do not count towards the 6 stay maximum. These are classified as “short notice stays” and there is no limit to the number of short notice stays you can book.
Operating costs are shared proportionately between wecasa owners and are automatically processed monthly. Expenses can be transparently viewed in detail through the app. Costs are passed directly and include property management, repairs, maintenance, and taxes. There's an additional monthly wecasa experience management fee that covers ongoing support and administration by our team, and a monthly technology fee for the development and maintenance of the wecasa App. An annual estimate of operating expenses is completed every year and you pay the same amount each month. Since actual costs of operating the home fluctuate month over month, a reconciliation is completed at the end of each year and the difference is either credited or collected from the wecasa owners.
wecasa is in the process of developing an option that will allow qualified purchasers to take advantage of financing arranged through wecasa. Please contact us for more details on financing options.
wecasa oversees property management and all of the legal aspects of owning the property. This allows us to maintain a consistent level of service and quality assurance and is part of our commitment to removing all of the hassle from vacation home co-ownership.
wecasa ownership is a full service ownership experience.
Our services include:
• Access to the wecasa App to provide a seamless digital experience to owners
• Managing all monthly expenses and taxes, processing payments and providing statements through the App
• Conducting legal admin and resolving any disputes between the owners• Contracting and overseeing Property Managers
• Providing tax forms and handling property tax payments
• All maintenance, cleaning, landscaping, pool maintenance and any necessary services
Yes! After a one-year holding period. Working with licensed agents, we will provide you a market valuation and recommend a price. We’re committed to supporting you in realizing gains from the cottage if the value appreciates. We will work with licensed agents to help you list it and find a buyer, promote it on MLS, wecasa’s website and marketing channels, and other third-party websites. While specific timelines cannot be guaranteed, wecasa has a large network of active buyers and takes a multi-channel approach to facilitating the sale of your wecasa ownership that may include digital marketing, email campaigns, open houses, and more. wecasa and our agent partners are committed to helping you sell your ownership interest as efficiently as possible. As the wecasa owner, you have the final say on the listing price and we will help you list it and find a buyer. Real estate agent commissions and other fees will be deducted from the final sale price.