Problem description
Some key indicators for the transaction of investment properties are missing in SwissRETS.
Information about the transaction type, the timeline and some general conditions for the offers are important.
Desired Solution
Add information about the property transaction procedure and timeline, minimal prices for the offers and steps to increase an offer:
Process types:
Real estate transactions can be distinguished into:
- fixed price transaction
- auction
- bidding procedure
Timeline
- Startdate (for fixed price & auction)
- Enddate (for fixed price & auction)
- Startdate NBO (only for bidding procedure): Startdate for non-binding offer phase. Ends with Startdate of binding offer phase.
- Startdate BO (only for bidding procedure)
- Enddate BO (only for bidding procedure)
Minimum price
Starting price for a transaction.
The seller only accepts offers that equal or higher than the minimum.
Offer increase
Amount by which a prospective buyer needs to increase his offer. (CHF 10'000 / CHF 20'000 / CHF 50'000 / CHF 100'000)
This is only relevant for auction based transactions
Problem description
Some key indicators for the transaction of investment properties are missing in SwissRETS.
Information about the transaction type, the timeline and some general conditions for the offers are important.
Desired Solution
Add information about the property transaction procedure and timeline, minimal prices for the offers and steps to increase an offer:
Process types:
Real estate transactions can be distinguished into:
Timeline
Minimum price
Starting price for a transaction.
The seller only accepts offers that equal or higher than the minimum.
Offer increase
Amount by which a prospective buyer needs to increase his offer. (CHF 10'000 / CHF 20'000 / CHF 50'000 / CHF 100'000)
This is only relevant for auction based transactions