Cincinnati, OH (PressExposure) March 22, 2011 -- With a national expansion in full swing, DotLoop is helping West Virginia real estate professionals get more deals done in less time through its collaborative workspace. Agents and brokers of the mountain state will perform transactions through the all-encompassing platform - allowing them to add, adjust and electronically sign documents -- providing the efficiency and security their clients demand.
Most industries leverage technology to meet their consumer's demands for increased efficiency and convenience. However, the traditional real estate transaction process still utilizes cumbersome practices due to the extensive nature of transactions and negotiations. Whether it's printing multiple pages, faxing or driving to and from meetings to acquire signatures, traditional real estate transactions require more time and effort than most people would like to put forth.
Considering the home search process typically begins online, it only seems natural for real estate professionals to facilitate the transaction process online as well. Using features such as electronic signatures and document sharing can significantly increase productivity and customer satisfaction by eliminating cumbersome processes in transactions.
In a 2010 study by the Aberdeen Group, "Best-in-class companies using electronic signatures in sales averaged a 91 percent customer retention rate. Compared to a 62 percent retention rate of laggard companies failing to adopt electronic signatures, it validates the importance of supporting customers' efficiency by avoiding time-consuming paper trails and providing online signing functionality."
DotLoop's independent platform allows agents and clients to maintain communication with ease and transparency comparable to negotiating at the same table. Using its unique "Version-Now" technology, all parties are kept "in the loop" with the most up-to-date document revisions from anywhere with internet access.
Additionally, customers understand the value of electronic signatures beyond simplicity. Electronic signatures are part of a secure and validated process that requires transaction ID's on each page, providing a detailed account of activity throughout the process.
Among the largest group of perspective home buyers is the age group 25 to 34 according to NAR's Profile of Home Buyers and Sellers 2010. This demographic dubbed, "millennials" are eager to adopt products that incorporate technology for the purpose of simplification. As this demographic continues to be a growing force in the home-buying market, agents and brokers will have no choice but to recognize and meet the demand.
As an independent, collaborative workspace for any real estate professionals, DotLoop provides an all-encompassing platform to complete negotiations and paperless transactions. By leveraging DotLoop's unique "Version-Now" document sharing platform, collaborative revisions and secure electronic signatures help agents and brokers meet the demand of the tech-savvy consumer.
DotLoop continues to help agents and clients reach agreements faster with their national expansion soon to enter Virginia, Michigan and northern Ohio.