What you need to know a
What you need to know about Seamless Real Estate
Introduction:
The Sils Real Estate Platform is a user-friendly digital platform accessible through all major web browsers and mobile applications on globally supported operating systems. It is an interactive marketplace dedicated exclusively to real estate investment and crowdfunding. Launched in Saudi Arabia, it offers a pioneering experience for both sellers and professional investors. Below, we delve into the key features and functions of the Sils Real Estate Platform:
1. Platform’s Role in Real Estate Investment:
Facilitator Role:
Sils acts as a trusted intermediary, enabling novice and experienced investors to invest directly in properties listed by sellers on the platform, essentially functioning as an online real estate marketplace.
Non-Ownership of Properties:
The platform does not own or sell the properties listed. Instead, it serves as a marketplace connecting investors with properties, aiming to provide projected returns over five years.
Low Investment Barrier:
Sils allows entry into real estate investment in Saudi Arabia with a minimum investment of SAR 1,000 (approximately USD 265), making it accessible to a broader audience.
Investment Management:
The platform manages all real estate investments through dedicated private companies established to handle property operations, from acquisition to sale and exit.
2. Investment Process for Sils Real Estate Customers:
For Sellers:
Once you create a profile on the platform, you can list your property for investment. The platform will present it to potential investors for a period of 30 days, extendable if the required funding isn't met within this timeframe.
For Investors:
Choose a property to invest in and commit your desired amount.
Once the required funds are fully raised, the funding phase closes, and the property enters the next phase.
A private company is formed to manage the property, overseeing tasks like leasing, maintenance, and overall administration.
Monthly or seasonal profits, minus expenses, are distributed to investors.
3. Property Management by Sils Real Estate:
After securing full funding for a property:
Sils’ legal team establishes a Special Purpose Vehicle (SPV) to manage the investment.
All investors are legally registered as stakeholders in this SPV, as individual registration on a single property title is not feasible.
The SPV owns the property title, ensuring efficient management and protecting investors’ rights.
Each SPV appoints a property manager whose updates and changes are transparently communicated to investors.
4. Advantages of Investing with Sils Real Estate:
Thorough Vetting Process:
All properties undergo comprehensive evaluation to offer optimal opportunities for rental income or profitable exits. Sils leverages a robust network in the Saudi real estate market, including investors, brokers, banks, and developers.
Credibility and Accessibility:
The platform primarily serves Saudi Arabia but welcomes investors from across the Middle East and globally.
Sharia Compliance:
Investments adhere to Islamic principles, ensuring alignment with local cultural and legal norms.
Comprehensive Information:
Properties come with detailed technical and engineering inspection reports, 3D virtual tours, and high-resolution images.
Flexibility:
Investors can cancel their investments within 48 hours of their initial commitment or within 48 hours after full funding is achieved. The platform also offers voting rights for collective decisions on selling assets or exiting investments.
Ownership Proof:
Once a property is fully funded, share ownership certificates are issued within one month, providing legal proof of investment.
Transparency:
Any significant changes affecting the property’s value or returns are promptly disclosed to investors during or after the funding phase.
Growth Potential:
Real estate assets are projected to appreciate by 30% over the next five years, offering a lucrative investment horizon.
Conclusion:
Real estate is a tangible and relatively stable asset class that has proven to be a reliable investment across time and geographies. It is favored by institutional investors and high-net-worth individuals for its potential for consistent capital appreciation over extended periods. Unlike volatile financial markets, real estate offers stability, particularly during economic downturns. By focusing on the strategic selection of properties—assessing their location, future advantages, and feasibility studies—Sils ensures long-term value and maximized returns for its investors.
Invest in Saudi Arabia today and secure your future with promising opportunities in a thriving market!
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