Prop.Exchange, powered by TrueMarketValue, is a digital auction platform/exchange 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 – in a time efficient manner.
The challenge we are solving:
- Property valuations are uncertain
- Running costs are a burden
- Selling is time consuming and frustrating
Our solution is; 3 easy steps:
- Preparations – Due Diligence material/essential documents and the SPA are added to our data room
- Marketing of the property in newspapers and virtual
- Digital auction – Divestment by Dutch Auction on prop.exchange
Our Dutch Auction is characterized by a descending price, starting at index 100 and adjusting 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, bidder has 2 business days to sign the Purchase Offer/SPA and pay a 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.