When you browse SLICIT listings, the sale price reflects the cost to purchase 10% ownership of the home.
If you want more ownership, you can simply multiply that price by the number of shares that you wish to purchase, up to five in total, representing 50% ownership of the home. We determine the sale price of a share by adding these costs:
1) Whole home purchase price. This one is self-explanatory — it is the amount that is required to acquire the home on the open market.
2) Home upgrades and closing. We give each home a design makeover to create livable luxury — a beautifully and comfortably designed home, with all the amenities you need to enjoy your stay. This includes big-ticket items, like high-end furnishings and state-of-the-art appliances, and small details, like board games and handy kitchen gadgets.
3) Our professional interior designers customize each home, and we install the latest home technology and smart home features.
4) We also calculate the real estate transaction costs (agent commissions, inspections and closing costs)
5) SLICIT service fee. This one-time fee covers the costs of buyer aggregation (finding and vetting qualified owners) and LLC formation (including legal fees).
A summary of these costs can be accessed via the listing details for any available SLICIT property.
Candidate listings are whole homes under consideration for purchase; we use the same criteria to estimate the share price for a Candidate.
However, in this case, some of these estimates represent a provision and the price may change slightly if the home becomes available for co-ownership. For example, we would determine the exact cost of upgrades only after we walked through the home with our design team.
