With online platform Consorto, it is quick and easy for users to register, upload their properties and complete Consorto deal flow steps to buy or sell European commercial real estate.
But how do Consorto deal flow steps work to buy or sell property?
This step-by-step guide takes you through Consorto deal flow steps, fill in the data, load properties and liaise with buyers.
Users on Consorto – the marketplace for European commercial real estate – first need to register. This takes less than one minute and is free of charge. Users are guided as to what information to fill in. The application is then promptly reviewed by Consorto staff and verified.
That’s it! Sellers are then ready to upload their European property listings. This is also free, as they only pay a competitive fee once the property is sold. Property categories include retail, industrial, office, hotels and resorts, land, mixed-use, special purpose and development projects/
Generate leads in less time
Consorto’s easy-to-follow automated deal flow process helps brokers, agents and owners who are registered with Consorto to generate and filter leads in less time and to better manage the initial property information exchange.
Initial due diligence and access to investment memorandum that could take days or even weeks to process manually can now be completed online through Consorto with a few clicks of a button.
Those on the seller side should fill in as much detail as they can, as Consorto features a measure to tell investors how much vital information and key facts are provided for each investment opportunity.
However, if users do not want or are not able to reveal certain aspects of a listing, Consorto offers a Private Listing option. For instance, sellers can hide prices and any information they wish and can ensure that interested parties sign NDAs before further information is provided. Private Listings are also ideal for Off-Market properties.
When a user wants to find out more details about a listing on Consorto, the deal flow process automatically takes them through the next steps and keeps the seller informed of progress. These include signing a Non-Disclosure Agreement, if required, viewing the property fact sheet, asking questions and generating and submitting a Letter of Intent.
Tips for users include making sure the deal flow follows sensible steps that clearly lead to closure. For instance, you can’t ask for a Letter of Intent based on just two lines of information.
Create strong teasers
Sellers should always create strong teasers for their property listing that include the key facts. However, if they wish, they can hide the asset name and location to protect their interests.
Buyers select the properties in which they are interested. Details of each chosen listing is displayed on the user’s property dashboard. From here, they can compare their choices, contact the seller, find out more details and close the deal.
Once the fee agreement is signed via a secure, legally-binding digital e-signature system, the buyer and seller are connected.
Discover more details about how to list off-market properties with Consorto.
