Sales and Management

Initial Sales

After signing a sales memorandum and placing a deposit on the property, Realink lists each property for sale. The sale is open to all users for two weeks, or until all fractions are sold out. During this sale, each user who purchases a fraction of the property will receive an “In Escrow” BNFT, which cannot be transferred, sold, or traded, but represents their share of ownership of the SPV, and identical share of the In Escrow property. Once the initial sale ends, the BNFT will be unlocked, and rent distributions will start within seven business days.

What happens if a property does not sell out?

If a property is not looking like it will be fully funded by the closing date, we would simply reach out to the seller of the property and ask them if they would be willing to extend the deadline for closing––which they are typically open to.

If they are open to extending the closing date, then the property will remain on our marketplace until the new closing date.

If the seller was not willing to extend the closing date, we would fully refund all the investors who purchased tokens into the property. The listing would then get cancelled and removed from our marketplace.

Tokenization

Upon listing in the marketplace, all new real estate BNFT will include a 5% tokenization fee added on top of the house price. This fee will be charged to all buyers and is used to cover legal fees, other costs associated with sourcing and closing properties and miscellaneous protocol overhead.