Prop.Exchange
Real Estate - Copenhagen, Capital Region of Denmark, Denmark
Prop.Exchange Employees
Prop.Exchange Details
Prop.Exchange, powered by TrueMarketValue, is a digital auction platform for trading commercial real estate properties; it's where supply meets demand. The purpose of this digital tool is to efficiently trade properties at the true market value - and in a time efficient manner.The challenge we are solving:• Property valuations can be uncertain; often there are only few relevant comparables• Running costs can be a burden – Taxes, reporting, maintenance, security, etc. are wasteful• Selling has been time consuming and frustrating – historically there was no easy solutions without compromising good governanceOur solution; 3 easy steps:1. Preparations – Due Diligence material/essential documents and the SPA are added to our data room2. Marketing of the property in newspapers and virtual3. Digital auction – Divestment by Dutch Auction on prop.exchangeThe Dutch Auction is characterized by a descending price, starting at index 100 and decrease by e.g. 1 point every weekday at noon until a bidder accepts the price offered or until seller decides to rather keep the property. Once a bidder accepts a price offered, the bidder has 2-5 business days to sign the Purchase Offer/SPA and pay a reasonable deposit. If bidder fails to perform he becomes disqualified from this and future auctions - and the auction will resume for everybody else. Interested bidders can access relevant data, drawings and the applicable contracts after log-on and qualification for the auction.Value for buyers: • All buyers have access to same information • The auction takes out the "bluffing" of the negotiation • No bias or disadvantage due to lacking relationship • You don't have to pay more than you think the property is worthValue for sellers:• It's very time efficient• Determines and documents the true market value• Sales complexity, cost and time are significantly reduced For more info please contact: Allan Kehlet Rieck Founder+45 21 79 01 59allan@prop.exchange
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