The Planet, the global hosting leader, today announced that REALworkspaces has expanded and upgraded its Diligence on Demand™ technology platform to accommodate its fast growth. Headquartered in Dallas, REALworkspaces is used throughout the commercial real estate industry for the diligence required to close transactions.
Capturing the attention of buyers, lenders and investors generates momentum on commercial real estate transactions. REALworkspaces offers self-service capabilities, instant access to diligence and friction-free underwriting, which are rapidly becoming expectations in today’s on-demand world.
“We live in an on-demand, self-service world, which is clearly shaping how commercial real estate transactions are managed and ultimately closed,” says David Marlow, vice president of business development with REALworkspaces. “Real estate is a transaction-driven business where time kills deals. For years, diligence has been laboriously complex, often frustrating all parties, and causing delays and missed deadlines. With Diligence on Demand, speed-to-closing is a reality.”
Diligence on Demand provides greater control of over transactions for sellers and their brokers/agents. All diligence activity for each buyer, lender and investor is closely monitored. As parties are qualified, access to additional diligence documents can be granted. With the nationwide adoption of REALworkspaces, industry best practices to optimize Diligence on Demand are quickly emerging.
“Customers tell us time and again that they do business with The Planet based on the quality of our network, our data centers and our customer care,” says Tom Blair, vice president of Global Sales with The Planet. “Just like REALworkspaces, they operate sites that must be available around-the-clock. That’s why more than 18,000 customers put their trust in our company.”