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A Third Home for $500: The Absolute Truth About Vacation Home Real Estate Ownership 2011

Written by Candy Evans on June 9, 2011

“I need a second home like I need a colonoscopy.”

Spent an hour on the phone with Wade Shealy, who is probably the most seasoned and knowledgeable man in the country when it comes to second home real estate, certainly the most honest. Wade is the founder of 3RD HOME, a web site for second home owners that expands second home ownership by creating a home swap of vetted owners and properties. It’s like belonging to your very own Exclusive Resorts. The ticket in: you must already be a second home owner — condo, home, ranch — and then you can exchange your home to stay at a THIRD home for — are you ready? $495 a week. That is not a typo. It costs you $495 to join 3RD HOME, and then $495 per week per stay at a home that matches the value, categorized as keys. All the homes and owners are scrutinized so you know you are not just getting a five star location, you are putting nice people in your property.

When it comes to decking out a second home, interior designer Denise McGaha has seen it all. Denise is the Owner and Principal of Denise McGaha Interiors , an interior design firm in Dallas, Texas. After 7 years with luxury retailer Neiman Marcus, Denise opened her design firm and set out to design luxury homes for her clients. Denise often designs second and third homes and enjoys building long term relationships with clients and their families. Her designs reflect the style of each client, and fine art and textiles are often a catalyst for her design inspiration.

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