What is the buying process with Sojourn8?

We know that for most buyers, co-ownership of a second home will be a new concept. That’s why we’ve made the process of buying through Sojourn8 clear, secure and transparent.

The early stages of the process will be slightly different depending on whether you are interested in a specific property we are listing or are initially looking to join a group. But once you’ve decided on your perfect holiday home, the process will be the same:

1.  Aggregation stage

Early on in the process, we meet each prospective owner, either face to face or remotely. It gives us the opportunity to understand exactly what you're looking for in your perfect holiday home and to answer any questions you have. 

We will also discuss your individual use preferences – when and how frequently you expect to use your holiday home. This helps us to aggregate owners with a mix of preferences, creating an experience for each owner which is as close to whole ownership as possible.

2.  Qualification

An important part of the aggregation process is to qualify potential buyers to assess their suitability as a co-owner. As a responsible, compliant business, we also carry out some simple ID checks. 

3.  Review of documents

We’ll then send you the documents to review. These will include a 'participation agreement' which will secure your place in the group. At this stage a nominal reservation fee is payable to show goodwill and intent. This fee is fully refundable if you decide not to proceed.

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4.  Document signing and payment

When all parties are ready to proceed, we will set up the home ownership company. We will also ask you to sign the co-ownership documents. After a statutory cooling off period (normally 14 days), you will then be required to transfer the funds to complete your purchase.

5.  Property upgrade

Following completion/closure of the purchase, we will arrange any upgrade works and for the home to be furnished and equipped. This work and the cost will have previously been agreed with each of the co-owners.    

Throughout the process, we will always be available to assist you with any questions you have. We want the process to be smooth and hassle free so you can start enjoying your holiday home as quickly as possible.

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