Yes. Owning a Primio is true real estate ownership. You purchase a share in a property-specific limited company. The home is fully managed and designed specifically for co-ownership.
The price of the real estate share includes all costs related to the purchase of the Primio house, including taxes related to the transfer of ownership and notary fees, Primio’s fee, as well as the costs of preparing, modernizing and furnishing the house.
The number of days you can access your property is proportionate to the number of shares that you hold. For example, if you hold 1/8th ownership, you can access the property exclusively for 45 days per year, and if you hold 1/4th ownership, you are entitled to 90 days per year.
You book time using the Primio app, powered by our smart scheduling system. It’s easy to use and equitable for owners, based on the number of shares you own. The system supports two types of stays: general and short-notice. General stays are scheduled 31 days to 24 months in advance, and each owner has access to a general stay that falls on a special date (e.g. holidays and popular local events). Short-notice stays are booked 2 to 30 days in advance of arrival. See additional scheduling FAQs for more details.
If all the shares in your home are sold, you may sell your portion of ownership at any point. You choose the price, and we’ll market the home just like a whole home listing. Other owners have the right of first refusal.
Primio works in collaboration with agents and pays a 3% referral commission. If your clients decide to sell their Primio, you earn an easy 1% referral commission on each resale for life.
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