Cincinnati, OH (PressExposure) May 24, 2011 -- Real estate, like all industries, is quickly introducing technology solutions as more people seek to facilitate transactions faster with less hold ups. DotLoop, the technology solution for real estate transactions, is powering 14 Louisiana offices to help real estate agents meet that demand for faster transactions by improving efficacy.
Louisiana agents are the newest users to DotLoop, part of a growing number of real estate professionals looking to be more effective in their transactions and ultimately increase customer satisfaction. The growing influence of technology among home buyers and sellers is prompting many REALTORS® to find the right solution for their business.
Figures from the National Association of REALTORS® indicate the average age of first-time home buyers is 30; with first time buyers accounting for 50 percent of the market in 2010. The new generation of home buyers are increasingly more connected as technology continually evolves.
DotLoop's interactive collaborative workspace combats the inefficiencies of traditional real estate by enabling agents and clients to share documents, make adjustments and finalize transactions with electronic signatures.
"DotLoop allows me to interact with clients and agents throughout contract negotiations without wasting time and energy on printing, scanning, faxing or transporting documents," said Laurie Weston Davis, REALTOR® with Keller Williams, "The online platform gives everyone involved in the transaction easy access to all of the documents and the ability to make changes as necessary during the negotiation process."
Throughout the country, DotLoop has garnered the interest of many REALTOR® associations, providing an opportunity to improve the home-buying process for more people. Recently, DotLoop added its Association Edition, with options designed to meet the needs of REALTOR® associations from state to state.
DotLoop CEO, Austin Allison said, "It was necessary to incorporate an Association Edition because DotLoop is an open source platform for all REALTORS®. Therefore, larger associations need the ability to equip their members with the necessary tools to reach a deal in a more time-conscious manner."
Further enhancing transactions, DotLoop relieves the need for PDF software, faxing and printing which act as "choke holds" in the home buying and selling process. Rather, DotLoop incorporates its unique "Version-Now" technology, creating a collaborative workspace for agents and clients to work from the same document in real time. With fewer copies and more transparent communication, both parties can negotiate and finalize terms beyond the confines of traditional ink-to-paper documents.
Therefore, the 14 new offices in Louisiana are among the states first to meet this consumer demand for a technology solution that addresses the inefficiencies of traditional real estate. With the new Association Edition, members can access DotLoop with specific options that best meet their needs.
Agents across the country continue to use DotLoop with new offices adopting it every day. The national expansion continues through Louisiana, Florida and continuing parts of the South West in the month of May.