Our valuation will give a market asking price and we will then use the average achieved percentage for that area to establish a sale price (or the 4-week achievable value if provided). Typically, this is 95% of the asking price but can be anywhere between 90% – 100% depending on the property. Our unique nominee structure and technology gives you the opportunity to vote on the exit strategy of your investments. Your three options include:
Option 1 – Retaining your shares
If you choose this option, and others wish to sell, provided less than 75% vote for option 3, then the property will be resold to the crowd, though you will continue to own your individual shares in the new property SPV.
Option 2 – Sale to the crowd
Rather than putting the property on the open market and waiting for offers, if you vote for option 2, and less than 75% vote for option 3, we will re-list your shares on the Property Moose platform as a new opportunity. Although you will be paid out of your shareholding, the property will still be an asset on the Property Moose platform.
Option 3 – Open market sale
The final option is to list the property for sale on the open market. This may achieve a higher sale price but will, almost certainly, take a significantly longer time to finalise and will result in additional costs.