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.
You are purchasing a share in a Limited Partnership (LP) that directly owns the property. Each home has eight shares and the fraction of the home you own depends on the number of shares you purchase.
Yes. WeCasa buyers can finance up to 70% of the price of their purchase. Some buyers also choose to pay in cash or use other sources of capital like a home equity line of credit.
The process is similar to a typical real estate purchase.1. Once you’ve found a home you’re interested in, you can schedule a call with a WeCasa team member who will be available to help you through every step of the process.2. If you choose to apply for financing, we will help you through our straightforward pre-qualification process.3. Once approved, you will provide a 10% fully-refundable deposit and sign a Purchase Agreement to secure your share(s) in the home.4. You’ll then be asked to review and sign 2 additional documents: (i) the LP Operating Agreement that outlines both owner and WeCasa responsibilities, financial terms, and all other the rules of the LP; (ii) the WeCasa Code of Conduct, which outlines everything you need to know about using your WeCasa home.5. Once you’ve reviewed and signed all documents, we move forward with all closing documentation and delivering ownership certificates.6. You’re done! Book your first visit using the WeCasa app and start enjoying your home. Our local Home Manager will be there to give you an orientation.
wecasa reviews all co-owners by conducting credit, background and employment checks. If a co-owner defaults or does not observe the Owner Code of Conduct, wecasa will step in and take necessary action on behalf of the co-owner group.
Each wecasa home is designed and furnished by professional interior designers in a way that’s tailored to the unique character of the home and location. We integrate local designers, developers, contractors and artists to support the local communities. wecasa obsesses over every detail of the decor, furnishings, appliances, connectivity, and many other small but oh so important experiential details so that you don't have to.
An Available listing is a home with shares immediately available for purchase through WeCasa.A Pending listing is a home we believe meets the standards of a WeCasa property that we are considering purchasing and turning into a WeCasa, pending a high level of interest from our buyers.
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.
We deal with the endless hassles of second home ownership, you deal with an easy-to-use app.- Stays between 2-7 nights count as 1 stay- Stays between 8-14 nights count as 2 stays- Short notice stays are reserved 2-30 days in advance. There’s no limit on number of short notice stays you can book- Holiday stays refer to sought after dates that fall on either a holiday or a local event
Holiday dates are a combination of the most popular statutory dates and popular local events. These dates vary based on location.
For each ⅛ ownership interest, a wecasa owner may reserve up to two (2) Holiday Dates within the 24-month rolling calendar period, and only wecasa owners with 2/8 ownership or more may reserve the same Holiday Date within the 24-month rolling calendar period.
For each ⅛ ownership interest, a wecasa owner may reserve a maximum of two (2) stays in succession, providing for combined Stays (“Combined Stay”) not exceeding fourteen (14) nights. If a wecasa owner owns 2/8 or more, they can reserve four (4) stays in succession, providing for Combined Stays 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.
You can cancel a booking 30 days or more before arrival without any penalty. For cancellations made within 30 days of your booking, there is no cancellation penalty if the dates are rebooked by another owner. If the dates are not rebooked, they count towards your maximum annual stays for the year.
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.
Your monthly operating expenses will be automatically processed securely by wecasa and our partner banks. Payment receipts will be provided through the app and emailed directly to the wecasa owners.
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 wecasa owners• Managing all monthly expenses and taxes, processing payments and providing statements through the App• Conducting legal admin and resolving any disputes between the wecasa owners• Contracting and overseeing Property Managers• Providing tax forms and handling property tax payments• All maintenance, cleaning, landscaping, pool maintenance and any necessary services
Routine decisions can be made without the consent of the wecasa owners (E.g. minor repairs or replacing furnishings due to regular wear and tear). Material changes (like upgrading a hot tub) require a co-owner vote for the expenditure and co-owner expense contribution.
No, wecasa homes are for the exclusive use of wecasa owners and their guests. You cannot rent your time on vacation rental sites.
All wecasa owners sign a Use Protocol that covers booking protocols and house rules. The Use Protocol also outlines prohibited activities such as disruptive parties or the unauthorized use of your available days to third parties.
Yes, dogs are permitted with some restrictions.
Yes, each wecasa owner gets a dedicated storage space to keep some personal belongings at the property - this is your home, after all.
Payment of property taxes and annual tax forms are included in the full service wecasa ownership experience. Property tax payments are included in your monthly operating expenses and statements are provided monthly.
Your home is only accessible to approved wecasa owners that have a shared interest in protecting the home. You are not personally responsible for damage caused by other wecasa owners or their guests. Homes are inspected before and after each visit to ensure any damages are charged directly to the wecasa owner responsible.
Operating costs are shared proportionately between wecasa owners and are automatically processed monthly. Expenses can be transparently viewed in detail through the wecasa 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.
Following a minimum one year of wecasa ownership, you can sell through our straightforward process. Working with licensed agents, we will provide you with a market assessment and recommend a fair market price. As the wecasa owner, you have the final say on the listing price and we will work with licensed agents to help you list it and find a buyer. We’re committed to supporting you in realising gains from the home if the home appreciates.
There are transaction costs and commissions deducted from the final sale price that are standard with most real estate transactions.
Yes, as a wecasa owner there is potential for you to realize gains from appreciation.
Your ownership interest will be listed by a licensed agent and promoted on the 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 share as efficiently as possible.
440-355 Burrard Street, Vancouver, BC, V6C 2G8
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