New Commercial Real Estate Application Uses Microsoft Technology to Cut Transaction Origination Time by One-Half.
SANTA ANA, CA (PRWEB) November 3, 2004 -- Internet service vendor, RE3W WorldWide Limited (www.RE3W.com), demonstrated today the robust search functionality implemented in their just-released beta Version 1.0. Participants now have a powerful, intuitive, online application with tools to quickly give them a competitive advantage never before available in the commercial real estate arena.
Key to the success of the application is the users ability to quickly research real property in which the participant or client may be interested," said thirty-year commercial real estate industry veteran and company founder Richard ‘Dick Frost. Until RE3W, the origination phase of a commercial real estate transaction extended its length from weeks to months, a function taking just seconds utilizing RE3W.
In my experience, the key to getting a deal started was obtaining the information I needed to begin communication with the owners. So I began development of RE3W, ‘Real Estate on the World Wide Web. Our beta version 1.0 currently contains several options by which detailed property information can be obtained, including information on vacant lots with no situs address.
For example, using RE3W a person can immediately:
1) Search by Location: locating property ownership information by entering a property address.
2) Search by Map Location: utilizing MapQuest® navigation, both ownership and property information can be found by outlining the approximate property location.
3) Search by Owner: locating property information by entering the name of the known owner or company.
4) Search by REStreets: locating both ownership and property information by entering up to three cross-streets of approximate property location.
5) Search by Parcel Map: immediately locating both property and ownership information for an entire parcel map by entering the assessor book and page number.
6) Search by Tax Assessors Parcel Number (TAPN): locating both property and ownership information for a specific parcel by entering a TAPN.
The beauty of RE3W is in its simplicity." Frost said. Searching properties, then saving that information in secure, internet-accessible REFiles, means you never have to search for that property again. Weve found that eliminating the tedious work of performing redundant research saves at least half the time for the commercial real estate professional," according to Frost.
With the launch of its beta phase, RE3W is actively seeking commercial real estate professionals interested in becoming beta testers. Those interested should visit www.RE3W.net for more information.
About RE3W
Founded in 2000, RE3W (www.RE3W.com), is an internet-based, commercial real estate application using proprietary search technology to seamlessly integrate the transaction process (origination, negotiation and closing) into a secure, digital file allowing subscribers to monitor deal flow, while communicating and sharing selected data with clients, staff, service providers and investors.
Version 1.0 of the RE3W application focuses on the origination portion of the transaction, using Microsoft .NET technology to tie people, processes and systems together in an integrated workflow.
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