More efficient real-estate transactions with the Virtual Data Room

Drees & Sommer - German market leader for real-estate consulting and project management - has launched a virtual data room which simplifies real-estate transactions. It allows vendors to make all relevant information available to prospective buyers online. Time-consuming preparation and mailing of hard-copy documents is no longer required, and the data is always current. The vendor can also generate lists showing access to projects and the content accessed.

The web-based application means that property vendors can prepare documents relating to their portfolio in such a way that they are available to any number of prospective purchasers - in multiple languages and regardless of time or location. All relevant information is tagged with appropriate keywords and stored in the Virtual Data Room. Thanks to the clear folder structure, users can quickly click to the right documents. There is no burden of proof on the vendor, as the interested party can always access the entire current document package. Drees & Sommer not only offers the software solution, but also undertakes scanning, tagging and updating of documents. With 35 years of experience in real-estate project management, the company also supports clients with all issues relating to the transaction process.

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