RealProspex, a unique, free online marketplace for commercial real estate professionals that vets each sales listing, matching them to the preferences of member investors, has been launched (www.realprospex.com).
RealProspex rates all property listings posted on the site and vastly streamlines the tedious process of sifting through thousands of listings that are neither rated nor pre-qualified as viable, revenue-generating acquisitions.
"We have harnessed the power of recent internet innovations to link buyers and brokers," said Meir Kessner, senior vice president, RealProspex. "Real estate is also an art, which is where RealProspex fills the gap in online commercial real estate listings. We have experienced real estate professionals reviewing each deal and confirming its suitability and viability for registered investors."
By serving as a quality control "gatekeeper" and clearing the clutter, RealProspex is a value-added, timesaving essential for commercial real estate professionals.
The RealProspex process is customized, yet streamlined. Commercial brokers list properties for free. The RealProspex team scrutinizes each listing. Every buyer is called to determine their preferences. Listings are rated by a patent pending color-coded system: Green deals have in-place cash flow; Yellow deals have upside potential; Red deals have just been posted and are yet to be reviewed. Listings are continually updated based on market conditions.
The result of RealProspex's screening is that buyers, based on their preferences in property type, geographic region and other criteria, need not sift through hundreds or thousands of deals.
"Research confirmed that sophisticated real estate professionals like the concept of a central location for online listings, but dislike the frustrating, often fruitless, process of searching to find the one deal that might work for them," said Mr. Kessner.
One of the strongest value-added benefits of working with RealProspex is that through the firm’s push technology, registered buyers are alerted, via e-mail, of only those acquisition opportunities that specifically meet their criteria. The site also provides national exposure for smaller and regional brokerage houses, introducing their listings to a high quality, national investor base.