How the partial sale works with MYNE

Question 1

How does the partial sale work?

Accepted Answer

MYNE buys the holiday home from you if its customers are interested and converts the property into a German single property company with a maximum of 8 shares. The property company becomes the new owner with registration in the land register. According to your needs and use, you can keep an eighth, a quarter or even half of the shares in this property company as owner. The remaining shares will be sold by MYNE to other carefully selected shareholders.

Question 2

What needs to be prepared for the partial sale?

Accepted Answer

Together with our local partners, we take care of the preparation of sales documents and corresponding photographs and videos. If not already available, we also support you with our local experts in preparing any necessary documents that may still need to be included, such as energy certificates, legal conformity of the development and the like.

Question 3

How does MYNE find buyers for my shares?

Accepted Answer

MYNE sends the offer for the share purchase to its always up-to-date customer list with matching interest in region and property type. Furthermore, the shares are additionally listed on MYNE's platform. The customers are thoroughly checked and carefully selected if there is a suitable interest.

Question 4

What happens to the interior?

Accepted Answer

The current furnishings are examined by MYNE and its interior architects and designers and, if suitable, purchased directly by you. We will make your house shine in new splendour and beauty if necessary.

Question 5

What will the sale of shares cost me?

Accepted Answer

Apart from the possible preparation of legal documents necessary for the sale, which are yet to be available, MYNE does not charge any further fees for the listing and the search for new buyers. MYNE charges its legal structuring and drafting services only to the new shareholders.

Question 6

How long does it take to sell the shares?

Accepted Answer

As a matter of principle, MYNE does not start the restructuring into a property company and the purchase transaction until there is corresponding interest and a firm commitment of more than 50% of the shares. This can vary depending on the location, property and the current specific demand of MYNE customers. Regardless, you can withdraw your property from MYNE and the partial sale at any time before purchase and restructuring.

Question 7

What if I want to sell all of my shares later?

Accepted Answer

You can sell your remaining shares at any time after 12 months. If the other shareholders do not exercise their respective right of first refusal, MYNE will be happy to assist you in further selling your shares.

Partial sale with MYNE

One step closer!