In Santa Barbara, the house you want is on the market for $1.5M. But the house is only worth $500K. The land is worth $1M.
But you have to finance it anyway.
What if you only bought the house?
Parcel separates land and structure. You buy the home. We steward the land beneath it under a long-term lease. Your purchase price drops by the value of the land.
You own your home. Completely.
Sell whenever you want. Refinance. Renovate freely.
Parcel is launching in Santa Barbara.
Join the waitlist for first access to Parcel homes.