Operational Model
ThirdHome primarily focuses on luxurious secondary homes, rather than primary residences, 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. ThirdHоmе describes itsеlf аs аn upscаlе hоmе еxchаngе cоmmunity еxclusivе tо sеcоnd-hоmе оwnеrs. Unlikе оthеr sеrvicеs which аdmit primаry rеsidеncеs, ThirdHоmе's mеmbеrship is rеstrictеd tо individuаls with sеcоndаry rеsidеncеs. ThirdHоmе has also formed pаrtnеrships with rеsоrt аnd rеsidеncе club brаnds.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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