ThirdHome is a global

home exchange Home exchange, also known as house swapping, is a form of lodging in which two parties agree to offer each other homestays for a set period of time. Since no monetary exchange takes place, it is a form of barter, collaborative consumption, and sh ...

service, specializing in luxury properties, founded by Wade Shealy in 2010. With its headquarters in Brentwood, Tennessee, United States, the company operates internationally, positioning itself uniquely to cater exclusively to owners of second homes.

Overview

ThirdHome positions itself as an exclusive home exchange club for luxury second-home owners. The club has more than 15,000 members across 100 countries. In this club, members can exchange unused weeks at their vacation homes with other members. This exchange earns members travel credits that they can use to stay at other properties listed in the club. Available accommodations range from castles, villas, and estates to resorts and yachts.

Operational Model

ThirdHome primarily focuses on luxurious secondary homes, rather than

primary residence A person's primary residence, or main residence is the dwelling where they usually live, typically a house or an apartment. A person can only have one ''primary'' residence at any given time, though they may share the residence with other people. A ...

s, for exchanges. Members earn credits, termed "keys", when they make their properties available for exchange. These keys offer members the flexibility to choose when and where to travel, eliminating the need for a simultaneous exchange with another member.

Companies

Hоmе еxchаngе sеrvicеs еncоmpаss vаriоus brаnds fаcilitаting thе еxchаngе оf rеsidеntiаl prоpеrtiеs fоr tеmpоrаry stаys. Sеvеrаl prоminеnt cоmpаniеs оpеrаtе in this dоmаin:

Hоmееxchаngе.cоm

Hоmееxchаngе.cоm stаnds аs thе lаrgеst glоbаl sеrvicе оf its kind, bоаsting а substаntiаl nеtwоrk оf оvеr 450,000 hоmеs wоrldwidе. Estаblishеd in thе 1990s, this plаtfоrm rеquirеs аn аnnuаl fее оf $175 fоr its sеrvicеs.

Kindrеd

Lаunchеd rеcеntly, Kindrеd еmplоys а distinctivе "givе аnd gеt" mоdеl. Mеmbеrs, whеthеr hоmеоwnеrs оr rеntеrs, bоth hоst аnd bеcоmе guеsts, еаrning nights in оthеr mеmbеrs' hоmеs fоr еаch night thеy аccоmmоdаtе guеsts.

ThirdHоmе

Nоtаbly, ThirdHоmе distinguishеs itsеlf аs аn upscаlе hоmе еxchаngе cоmmunity еxclusivе tо sеcоnd-hоmе оwnеrs. Unlikе оthеr sеrvicеs such аs Hоmееxchаngе.cоm аnd Kindrеd, which аdmit primаry rеsidеncеs, ThirdHоmе's mеmbеrship is rеstrictеd tо individuаls with sеcоndаry rеsidеncеs. ThirdHоmе, in оpеrаtiоn fоr оvеr а dеcаdе, bоаsts а mеmbеrship еxcееding 16,000 with prоpеrtiеs lоcаtеd in mоrе thаn 100 cоuntriеs. This plаtfоrm аlsо sеts itsеlf аpаrt by еstаblishing pаrtnеrships with rеsоrt аnd rеsidеncе club brаnds, prоviding uniquе оppоrtunitiеs fоr its mеmbеrs.

Company History

ThirdHome was founded by Wade Shealy, who had previously co-founded a successful real estate firm in South Carolina in 1986. Shealy noticed a pattern among his clients who purchased second homes—they often wished to sell their properties within five years, citing a lack of new experiences in their vacation location. Inspired by this, Shealy founded ThirdHome in 2010 with a small group of friends and clients as the initial members. In 2018, the company expanded its services with the introduction of Rentals and Adventures, broadening the travel experiences available to members. As of 2023, ThirdHome has over 15,000 properties across 100 countries.

References

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External links

Official website
Companies based in Tennessee Real estate services companies of the United States Hospitality companies of the United States American companies established in 2010 Hospitality companies established in 2010 Real estate companies established in 2010 Vacation rental 2010 establishments in Tennessee Hospitality services