You’ve dreamed about buying a second home — the relaxing summer afternoons on the patio, the cozy winter evenings gazing out at the stars — and now you’re ready to make it happen. You’ve come to the right place! If you’re unfamiliar with co-ownership, you may be wondering how the buying process differs from a typical whole home purchase. In some respects, it’s similar — but when you buy with Primio, it can also be faster and easier. Here are 10 steps to buying and owning a Primio.
Dream big! All of our homes are exceptional, so the challenge might be narrowing down your choices. Homes that meet Primio’s selection criteria offer great amenities and features, and are located in top second home destinations. A few things to keep in mind when you browse our listings:
If you don’t see your perfect match among our listings, let us know what you’re looking for, and we can help guide you. Or, if you’ve seen an amazing listing you think would be a great Primio, share it with us! If it meets our criteria, we might purchase a portion of the home or a whole home for our buyers.
We’re excited to share all the details about our homes. If you’re not sure which one is best for your needs, we’ll go through each home’s unique attributes and location to help you decide. You can easily schedule a time to talk with one of our Crew members from any listing details page, or if you have general questions about co-ownership, you’re welcome to get in touch via our contact form.
We’ll give you all the information we have about the home, but seeing is believing. While you’re on the call with our Crew member, they can arrange a time for you to tour the home. Buyers can schedule a virtual tour or in-person tour. An in-person tour can be a great opportunity to involve the whole family and enjoy a day in your future second home town.
You talked, you toured, you fell in love — you’re ready to buy your second home! We’ll walk you through the purchase process and paperwork, and our Crew will make sure you understand all the terminology related to co-ownership, such as:
We want you to feel confident in the process, so ask as many questions as you’d like.
Primio’s closing process is streamlined. Once you’ve signed your purchase agreement, we’ll send additional documents to review and sign. Some will look familiar if you’ve bought a house before, such as the inspection report and seller disclosures. Others are specific to Primio and our property limited comapny model, including the program manager agreement and operating agreement. Once you’ve had a chance to go through the paperwork, we’ll schedule a call to review the documents and answer any remaining questions. You’ll sign, wire the funds to complete your purchase, and you’re done!
Congratulations, you own a Primio! Our commitment to owners doesn’t end at closing. We assign a dedicated Home Manager to each home, and they’ll schedule an onboarding session to ensure you have the Primio app, which you’ll use to book stays, and answer any questions. Your Home Manager will be your point of contact throughout your ownership, and they are available to provide support whenever you need it.
You can begin scheduling stays after closing, and the home will be ready for your enjoyment as soon as home upgrades are completed. You can quickly and easily book multiple stays with the Primio app. Go ahead, plan that weekend getaway you’ve been talking about!
One of the best things about owning a whole second home? It’s all yours! One of the worst things? It’s all yours. The responsibilities and hassles of second home ownership can take a lot of joy out of the experience. Primio’s professionally managed co-ownership model gives you the benefits of second home ownership without all the headaches. We take care of maintenance, repairs and cleaning; manage payments for utilities, insurance and taxes; handle property management; and so much more. You just show up and relax, every time.
Primio’s management services are designed to make your ownership experience easier — but that doesn’t mean you don’t have a voice. In fact, you and your home’s co-owners have 100% ownership of the home once all shares are sold, which means your co-ownership group has decision-making authority. Here’s how this works in practice: Owners can bring major issues about their home to a vote of the co-ownership group, and every share owned holds one vote. A major issue might be a costly home upgrade, like the installation of a hot tub. To call for a vote, you would reach out to your Home Manager. Routine maintenance and necessary repairs (such as replacing a broken dishwasher) are handled by Primio and do not require a vote.
We think you’ll love your Primio for years to come, but at some point your needs may change. Within your first year of ownership, Primio’s home transfer possibility allows you to easily transfer to another eligible that better meets your needs. You are also free to sell at any time if the ownership interests in your home are sold, and you set the sale price. We’ll work with you to facilitate a fast and streamlined resale. Unlike a timeshare, which can be hard to sell and typically depreciates in value, your Primio is sold on the open market and any gains realized are yours. Our goal at Primio is to make second home ownership simpler, more enjoyable and attainable for more buyers. We’ll help you every step of the way, but the first step is yours — so check out our listings and imagine where the journey can take you.
