February 2016 - The Industry's Best Kept Secret

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4 | TH E M R EP O RT MTECH Rebrands as Ten-X THE NEW INCARNATION WILL ALLOW THE COMPANY TO OFFER '10 TIMES BETTER' SERVICE, IT SAYS. A s part of the transition into an online marketplace that sells traditional, non-distressed properties, announced it is rebranding as Ten-X. Based in Irvine, California, was founded in 2007 as a disposition for distressed assets. Since then, the company has facilitated the sales of more than 200,000 residential and commercial properties totaling more than $35 billion. In recent years, it has begun a migration toward non-distressed assets. In addition to rebranding as Ten-X, the company also announced that it plans to introduce new platforms in March that will give sellers the option to choose either an auction or a non-auction process when conducting transactions online. "Today's announcement represents something far more significant than a name change," Ten-X CEO Tim Morse said. "Our move to the Ten-X brand reflects our evolution into a marketplace for a much broader range of residential and commercial property types, and our expansion into new technology solutions that empower buyers, sellers, and real estate professionals alike. Our vision is to make buying and selling real estate 10 times better for everyone involved." The three new transaction platforms Ten-X will feature under the rebranding will be Ten-X Commercial (a national platform), Ten-X Homes (a platform with a national footprint with an initial focus in the launch markets of Dallas, Denver, Miami, and Phoenix), and Whereas Ten-X homes will feature traditional, move-in-ready residen - tial properties, the platform will continue to feature properties for residential real estate investors. The company will launch the new platforms, which give sellers the choice of selling a property through either an auction or more traditional transaction, at the South by Southwest Interactive Festival in Austin next month. Users will be able to access the new platforms on any device, including desktops, tablets, and smartphones. "We believe that, increasingly, people buying real estate want to be able to buy property whenever they want, wherever they happen to be, and on whatever type of computing device they're using, and we plan to meet those requirements," Morse said. He continued, "As real estate moves online, we are committed to providing buyers, sellers, and real estate professionals more of what they need to transact successfully. Ten-X offers a proven platform, a simplified process, and the information and tools that allow everyone to confidently buy and sell real estate online." Summit Valuations Unveils Website THE NEW DOT-COM WILL LET CLIENTS PLACE VALUATION ORDERS AND ACCESS A WEALTH OF COMPANY INSIGHTS. I n order to provide its users with more information about valuation services, Summit Valuations, LLC, recently announced it has launched a new website for 2016: According to the company, the new website "constitutes a signifi - cant upgrade both in terms of design and functionality." In addition to the site allowing clients to place valuation orders, it will also serve as a knowledge base, providing users with information about real estate valuation products and current news. "We're very excited about our new online home," said Ron Ahlensdorf, Jr., Summit Valuations President. "We're wrapping up a very successful year that left little time for upgrades to our online properties. Now that we're working with some of the most prestigious mortgage loan servicers and Wall Street firms, we felt it appropriate to offer them more on our website." Pure Synergy TYPIFYING THE TEAMWORK MENTALITY, A BATCH OF BUSINESSES ARE FUSING FORCES, WHILE ONE NABBED NODS FOR ON-POINT PARTNERSHIPS AND ANOTHER AMPED UP ITS WEBSITE FOR CLIENTS OLD AND NEW.

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