<The mission of “Real Estate Exchange in linking the seller and the buyer in a safe, reliable and transparent electronic environment, where the seller offers one of his properties, which appears automatically once registered on the exchange, where the exchange derives its data from the Ministry of Justice system, and by choosing one of the properties owned by him, all its details and the image of the deed also appear, then he specifies the sale amount and the duration of the offer (10, 30 or 90 days) and his bank account number.
Real Estate Exchange
The mission of ”<a href=“ If there is a buyer who has a desire to buy this property, he approves this offer, and then the property is reserved (the seller cannot cancel or modify his offer, but the sale becomes effective on his side), then the buyer transfers the amount to an intermediary account for the stock exchange, and after completing all the steps and paying the real estate transaction tax, the amount is transferred to the seller who transfers the property directly to the buyer.
When the buyer chooses one of the properties owned by him, his details and the image of the deed appear. This is the ”free sale" option, and there is a "private deal" which is not offered to the public but is agreed upon in advance between the buyer and seller but is executed through the stock exchange.
<There is also the option of (releasing a mortgaged property) where the approval of the current entity is required for the sale to take place. <The exchange also has a "My Orders" option where buyers can enter their real estate orders, but this option has not yet been implemented in this trial period. The exchange also provides services such as: (updating the real estate deed) and (inquiring about the sukuk) whether it is suspended or not.
<The bourse also provides various statistical services through which interested parties can obtain the required real estate information. After its completion, the real estate exchange aims to:
Raise the level of credibility in the real estate market and eliminate fictitious and misleading offers, as the seller is obliged to complete the transaction at the specified price once the buyer agrees.
Raise the level of reliability, as everything is done under a reliable official administration and title deeds from within the judicial system, which preserves the rights of all parties.
Raising the level of transparency, where everyone can see the prices of current and previous real estate transactions in each region or neighborhood, and the platform also provides supporting statistical services.
<The real estate exchange is expected to create a parallel market of supporting real estate services such as: real estate valuation, real estate consultancy, engineering inspection, physical location, advertising and marketing of real estate opportunities and agency .... etc.
The real estate exchange is expected to create a parallel market of supporting real estate services such as. The platform does not specify the type of property (land, apartment, villa...), which makes it necessary to inspect and examine the property before signing the purchase.
One of the initial observations on the platform is that it does not specify the type of property (land, apartment, villa...), which makes it necessary to inspect the property before signing the purchase.
God is good,,,,
Interested in real estate
