| 摘要 |
Aspects of the present disclosure provides a method to enable the selling and buying of a property at a future time for a pre-agreed price. In accordance with aspects of the disclosure, a series of call options and put options on a property are created and transacted between a seller and a buyer. The call option defines the buyer's right to buy and seller's obligation to sell the underline property. The put option defines the seller's right to sell and buyer's obligation to buy the underline property. Property sellers, buyers, and investors, thus can plan guaranteed real estate transactions in the future times, can hedge against property price fluctuations, can save real estate transaction costs; and can manage real estate investment needs with measured and known risks therefore promoting more transactions and adding liquidity to the real estate market. |
| 主权项 |
1. A method to create a series of call options on a property for the seller to sell one, preferably the highest priced call option, and to create a series of put options on a property for the seller to buy one, preferably the lowest priced put option, comprising of the following steps:
1.1. Auction website owner or operator setting up an auction website on a computer server with hardware such as storage drivers, memories, processors, peripherals; and software such as programs, computing algorithms, mathematic formulas, web pages, proper interfaces with users and website operators. 1.2. A seller listing a property on an auction website using one or more of the following: an auction listing date, an auction ending date, a property's future selling date or escrow closing date, and a property current home value, and additional description of a property such as address, home size, bedroom, bathroom, year built, and other aspects of a property. 1.3. Auction website creating a series of call options on the seller's property each call option comprising of a future selling price and a call option premium price. 1.4. Auction website creating a series of put options on the seller's property each put option comprising of a future selling price and a put option premium price. 1.5. Auction website creating a series of spread options on the seller's property each spread option comprising of composite prices of a future selling price and a call option premium price, and a future selling price and a put option premium price. 1.6. Auction website displaying the created call options, and/or put options, and/or spread options for auction for a period of time to sell one or more of the following: 1) the highest strike price along with the highest call option premium price in a call option auction; and/or 2) the highest strike price along with the lowest put option premium price in a put option auction; and/or 3) the combination of 1) and 2) in a spread option auction. 1.7. A buyer searching and identifying a property of interest, and then placing a bid in a call option auction, and/or placing a bid in a put option auction, and/or placing a bid in a spread option auction. 1.8. A winning buyer having won the call option comprising of the highest strike price and the highest call option price or the combination of the two prices. 1.9. A winning buyer having won the put option comprising of the highest strike price and the lowest put option price or the combination of the two prices. 1.10. A winning buyer having won the spread option comprising of the highest strike price and the highest call option premium price or the combination of the two; and the highest strike price and the lowest put option premium price or the combination of the two. 1.11. The winning buyer paying the seller the winning call option premium at the end of a call option auction 1.12. The seller paying the winning buyer the winning put option premium at the end of a put option auction 1.13. The winning buyer paying seller a delta option premium in the amount of a call option premium less a put option premium at the end of a spread option auction; or the seller paying the winning buyer a delta option premium in the amount of a put option premium less a call option premium in a spread option auction 1.14. The winning buyer and the seller entering into a call option agreement that the buyer has the right to purchase seller's property on the future date for the winning strike price; 1.15. The winning buyer and the seller entering into a put option agreement that the seller has the right to sell the underline property to a buyer on the future date for the winning strike price. 1.16. The winning buyer and the seller entering into a spread option agreement that the buyer has the right to buy the underline property from the seller according to the call option right in the spread option agreement; and the seller has the right to sell the underline property to a buyer according to the put option right in the spread option agreement. 1.17. The winning property buyer exercises the right to purchase and to open escrow to complete the purchase of the property from a property seller according to the call option agreement or the spread option agreement; the seller exercises the right to sell and to open escrow to complete the sale of the property to a winning property buyer according to the put option agreement and spread option agreement. |
