How Voting to Sell a Property Works: Your Say in the Exit
When many people own one property together, who decides when it is sold? On WIZ the answer is the investors themselves. A vote to sell gives every unit holder a say, in proportion to what they own. This guide explains how it works, when it happens and what follows.
Why a vote?
Fractional ownership means no single investor owns the building. A sale affects everyone, so the decision should too. A vote also gives investors an exit route beyond the planned sale: a property that has been held for years can be put to the vote when a good buyer appears. Selling your own units to another investor on the Market is the other route, and the two work together.
When does a vote happen?
- Not too early. A vote opens after the property has been fully funded for 12 months. A sooner vote needs a stated reason, shown to every investor.
- Only on a funded property, one vote at a time.
- A fair window. Voting stays open for 7 to 45 days, usually 14.
- A pause after a "no". If a vote does not pass, the next waits six months.
You hear by email and on the website when a vote is scheduled and opens, with a reminder about 48 hours before it closes.
How is your vote counted?
Your vote counts for the units you held at the end of the record date. Hold 2.4% of the units and your vote is 2.4% of the total. Buy units after the record date and they do not count in this vote. Ownership decides, not head count.
You choose Yes (sell), No (keep) or Abstain. You can change your vote until the vote closes, and nobody else sees how you voted. While voting is open only the turnout is shown, not the running score.
How is it decided?
A vote passes when both are true:
- Enough investors took part: by default at least half of all units voted. A No or an abstention counts as taking part.
- A majority said yes: the yes units are more than half of the yes and no units.
Example: 10,000 units; holders of 6,000 vote with 4,000 yes, 1,500 no and 500 abstain. Turnout is 60% and yes is about 72.7% of yes and no. It passes.
What happens after?
- If it passes, WIZ arranges the sale, generally completed within about three months. The profit is worked out after costs, fees and tax, the payout is prepared by finance and approved by a second officer, and your share arrives in your wallet.
- If it does not pass, the property continues and you keep your units.
A vote does not guarantee a sale at any particular price, and sale proceeds depend on the market. Capital is at risk. See the help center and the risk disclosure.
Frequently asked questions
Do I have to vote?
No. Voting is optional, but your vote counts only if you cast it.
Can other investors see how I voted?
No. Results are shown in units and percentages, never by name. Only WIZ staff can see who voted, to run the vote correctly.
Can I still sell my units while a vote is open?
Yes, on the Market, unless a sale has started. Units sold after the record date still carry that record-date vote with the person who held them then.
