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 governance

Our solution; 3 easy steps:
1.	Preparations – Due Diligence material/essential documents and the SPA are added to our data room
2.	Marketing of the property in newspapers and virtual
3.	Digital auction – Divestment by Dutch Auction on prop.exchange

The 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 worth

Value 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 59
allan@prop.exchange

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