Attorney Galit Shukron from Feder: “The pricing method in the real estate industry“is gaining momentum in recent months – saves valuable time and brings offers that are not accepted in the sale of real estate“It is estimated that in the first quarter of 2023 there was a 45% increase in the number of transactions using the pricing method in the real estate market. Pricing for the purpose of selling an asset is known mainly from the field of receivership, where the debtor is obliged to sell assets, including real estate assets, and for this purpose a receiver is appointed by the competent authority for the purpose of selling it at a higher price.
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Attorney Shokron also states that: “The bidding process is carried out when in fact all that is required from the seller is the financing of appraisals and publications and all the rest of the work in locating a buyer, marketing the property on the various platforms, building the legal documents and selling it – is carried out by us and the seller is only waiting for updates and results from us. The bidders receive a booklet of the tender documents that includes the evaluations, a description of the conference, its physical, planning and environmental condition without the price and are required to submit a bid with bank guarantees or a bank check.