The Power Of Partnership

Finding a Partner & Buying a Property Together

Find Your Partner

Find Your Vacation Home

Generate Your Agreement

Live The Dream

What is shared ownership?

It’s co-ownership of a single property with a qualified, compatible partner + a customized agreement between them. Each partner holds a separate and undivided interest in the property. The reality is most people end up using their vacation home only about 10-20% of the year. Co-ownership lets you cut the cost of ownership (mortgage, taxes, HOA fees, utilities, maintenance, etc) in half, and if you have the right partner (that’s where we come in) you may get to use your vacation home as much as you would if you owned the whole thing!

Finding The Right Partner

It’s like a dating service to find your vacation property partner. VPP will help you find a like-minded, compatible co-buying partner looking for a home in the same geographic area as you. Search on criteria such as location, usage, seasons and typical length of stay. We use proprietary algorithms to show you the best partner candidates.

Finding The Right Property

Get access to premier properties across the U.S in one consolidated location. No matter whether you are interested in the beach, a lakefront, mountains or city access, VPP and it's wholly owned subsidiary Partners Real Estate Brokerage Inc can help you find the perfect property. We are adding homes every day and even if your area is not in our system yet, Partners Real Estate Brokerage Inc can connect you with a local broker who knows the geography and can help you and your partner find what you want.

Generate Agreement

WHY YOU NEED A FORMAL CO-OWNERSHIP AGREEMENT AND HOW WE HELP YOU CREATE THEM

Years of experience and talking to property partners have given us insight into most of the understandable questions people have about going partners on a vacation home.
A well-crafted agreement can ease the expected concerns about getting into a financial partnership with someone you might not know really well.

  • What is the exit strategy? What happens if someone wants out? How is the price established?
  • How do is usage allocated? What happens if one party doesn’t want to honor the usage sharing arrangements
  • What happens if one party doesn’t meet their ongoing financial commitments?
  • What happens if there are disagreements about level of upkeep or one party doesn’t maintain/respect the property? What is someone breaks something?
  • What happens if there are unanticipated major expenses?
  • Can the property be rented to third parties? How would the rental revenue be split? Can either party let friends stay at the property?
  • What if there are (major) unexpected expenses?
  • Who is going to manage the property (physically and administratively)?
  • How do I make sure I don’t get a jerk for a partner?

Explicitly addressing these, and other “What ifs” in advance is the key to avoiding problems, arguments and misplaced expectations in the future.Our proprietary Dynamic Agreement Generator is designed to walk you through the process by offering options that YOU select as the ones that YOU want for YOUR partnership.

We make it simple to see and select different options and after doing so, provide a completed template “Letter of Understanding” that can be taken to an attorney who can create a formal legal document. For example, we offer 7 different “Usage” options to select from, and even those can be modified to meet your specific needs.

The cost of The VPP “Letter of Understanding” Dynamic Generator ® is only $500.
It will walk you through the whole process, explaining options at each stage.
When you have completed selecting and modifying your choices, you will be presented a document that you can take to your own attorney who can create a formal co-ownership agreement. By going through this Q&A in advance you may save tens of thousands of dollars in legal fees and address many issues that an attorney not familiar with co-ownership partnerships might not think to include.

The “Letter of Understanding” agreement generator is not intended to create a binding legal document, but rather to give the co-owners the opportunity to discuss and agree in principal to many of the issues that can arise during their partnership. We urge and strongly recommend that in addition to having these discussions, the partners take the Letter of Understanding to a Qualified real estate attorney and the appropriate jurisdiction to craft a formal legal agreement. The parties may even decide to you choose their own attorney to coordinate the crafting of the agreement.

Additional Fees Apply

Living The Dream