About BuyProperly and Fractional Real Estate
Investment Properties
The BuyProperly Process
Portfolio Management
Security
Exiting Your Investment
Marketplace - General
Marketplace - Selling Shares
Marketplace - Buying Shares
Marketplace - Selling Shares
+
Who can sell shares on the marketplace?
Investors who have held their shares for 90 days or more from the date of purchase or property closing date (whichever is later) can list their shares for sale on the marketplace.
Did this answer your question?YesNo
+
How can I sell shares on the marketplace?
Eligible investors (investors who have held their shares for 90 days or more from the date of purchase or property closing date - whichever is later) can sell their shares as follows:
Step 1: Create a Sale Listing through My Investments page by entering the Number of ‘Shares to be Sold’ and the ‘Selling Price/Share’. This will create and activate your sale listing which will appear on the View Properties page.
Step 2: When a buyer initiates a purchase transaction against your listing, you will receive a notification. After the buyer’s transaction is complete you will receive a sale transaction confirmation email.
Step 3: Once payment has been received from the buyer, you need to sign a Share Transfer form (sent via email) to complete the share transfer to the buyer.
Step 4: We will send the funds to your account in 2-3 business days after the sale transaction is completed.
Did this answer your question?YesNo
+
Who determines the Selling Price/Share for listing shares on the marketplace?
You, as a seller, will decide your selling price/share based on your expected returns, holding period and market growth.
Did this answer your question?YesNo
+
What are the various stages in the sale process and how do I track them?
You can track the sale transaction through the My Investments page. There are three stages in the sale transaction process:
Listed - Implies that shares have been successfully listed on the marketplace and are now available for purchase by interested buyers.
Processing - Implies that BuyProperly has received a purchase transaction request against your sale listing.
Sold - Implies that a purchase transaction has been successfully completed against your sale listing.
Did this answer your question?YesNo
+
Can I cancel my shares listed on the marketplace?
Once shares are listed on the marketplace, you can cancel the listing till there are no purchases initiated against that listing. Once we receive a purchase request from any interested buyer, you will not be able to cancel the sale listing. If, for some reason, the purchase transaction does not go through (example - buyer's payment has failed), shares will be automatically and instantaneously listed back on the marketplace.
Did this answer your question?YesNo
+
Will all shares in my sale listing be sold together?
May or may not be, it depends on the purchase transaction initiated by the buyer. It is possible that a buyer may buy partial shares from a listing. So if you have listed say 100 shares, it's possible that only 40 shares are sold. The balance 60 will automatically be listed back on the marketplace for another round of purchase. Your dashboard (My Investments) page will be updated to reflect the actual number of shares sold.
Did this answer your question?YesNo
+
Is there any minimum amount to create a sale listing?
Yes, the Transaction Value must be at least $2,500 to create a sale listing.
Did this answer your question?YesNo
+
Does BuyProperly charge any fee to sell shares on the marketplace?
We've got some great news! As an introductory promotion, we have waived off our transaction fees for all sale transactions executed on the marketplace. When a transaction fee is added in the future, it will be listed on our website.
Did this answer your question?YesNo
+
What happens if there are more than one sellers selling shares at the same Selling price/Share in the same property?
If there are more than one sellers selling shares at the same price point in the same property, then the shares listed first will be given preference.
Did this answer your question?YesNo
+
Do I need to sign any document to finalize my share sale to another person?
Yes, you need to sign a Share Transfer form (sent via email) to complete the share transfer to the buyer.
Did this answer your question?YesNo
+
What are the tax implications when I sell my shares on the marketplace?
Depending on your sale price, marketplace share sale is considered a capital gain/loss event and will be subject to capital gains tax.
Did this answer your question?YesNo
Real estate investing made simple