Ten-X Ushers Residential And Commercial Real Estate Into The Future With Two New End-to-End Online Transaction Platforms

New platforms simplify the traditional real estate process, and empower buyers, sellers and real estate professionals to complete transactions online from any desktop or mobile device

Mar 10, 2016, 09:00 ET from Ten-X

IRVINE and SILICON VALLEY, Calif., March 10, 2016 /PRNewswire/ -- Ten-X, the nation's leading online real estate marketplace, today announced the launch of two new transaction platforms developed specifically to empower buyers, sellers and real estate professionals to buy and sell residential and commercial real estate (CRE) online with ease and confidence. The company will unveil Ten-X Homes, created especially for buying and selling move-in ready homes, and Ten-X Commercial, the next iteration of its proven CRE offering, at the South By Southwest® (SXSW)® Interactive Festival, which opens Friday, March 11th.

"We're on a mission to make the experience of buying and selling properties exponentially better for everyone involved," said Ten-X CEO Tim Morse. "Our new platforms combine the familiarity of traditional real estate transactions with the transparency, efficiency and ease that the Internet has brought to other market sectors, like travel and financial services, and sets a new standard for our industry."

Both platforms deliver enhanced flexibility, control and simplicity and are optimized for use on desktops, tablets and smartphones. Representatives from the company, which is a major sponsor of SXSW Interactive, will be on hand to discuss Ten-X Homes and Ten-X Commercial, and demonstrate the groundbreaking functionality of each.

Ten-X (formerly Auction.com) has a long history of real estate industry leadership and proven success in making online transactions simple, transparent and efficient for buyers, sellers and real estate professionals alike. Since being founded in 2007, the company has sold more than $37 billion in residential and commercial real estate. With its January 2016 rebrand to Ten-X, the company laid out plans to grow three distinctive lines of business – Ten-X Homes, Ten-X Commercial, and Auction.com, its online marketplace exclusively focused on the sale of residential bank-owned and foreclosure properties – with new enabling technologies and programs.

"Real estate is truly moving online," said Ten-X Chief Marketing Officer Rick Sharga. "Whether you're a consumer looking to buy or sell a home, or a commercial real estate investor hoping to build out your portfolio of properties, we have what you need to be successful: a proven platform, a simplified process, and the information and tools you need to confidently buy and sell real estate online – whenever, wherever and however you want to."

Platforms Designed Specifically for Residential and CRE Markets

Ten-X Homes, at launch, will offer homes from a wide range of sellers including banks, investors, institutions, homebuilders and agents. And it will empower consumers – on their own, or with the help of a real estate agent – to do everything involved in the process of buying and selling a home. Users will be able to search for homes, or easily create their own property listings, negotiate prices and terms, manage offers and complete sales transactions all online from anywhere on any device. Though it will have a national footprint, Ten-X Homes will initially launch in four markets: Dallas, Denver, Miami and Phoenix.

Ten-X Commercial will offer CRE buyers, sellers and brokers more control than ever before with three transaction options: Live Bid, Ten-X's signature online auction offering, Managed Bid, a two-step process whereby interested buyers submit sealed indicative bids to qualify for a short list that will compete for a property in a scheduled online auction event, and Offer Select, Ten-X's non-auction offering, which brings the traditional real estate transaction process online.

Buyers, sellers, brokers and agents can visit www.Ten-X.com for more information.

About Ten-X

Ten-X (formerly Auction.com) is the nation's leading online real estate marketplace, having sold 200,000+ residential and commercial properties totaling more than $37 billion since 2007. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online.

Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.

About SXSW Interactive

The 23rd annual SXSW Interactive Festival returns to Austin from Friday, March 11 through Tuesday, March 15. An incubator of cutting-edge technologies and digital creativity, the 2016 event features five days of compelling presentations and panels from the brightest minds in emerging technology, scores of exciting networking events hosted by industry leaders and an unbeatable lineup of special programs showcasing the best new websites, video games and startup ideas the community has to offer. From hands-on training to big-picture analysis of the future, SXSW Interactive has become the place to discover the technology of tomorrow today.

Join us in March 2016 for the sessions, the networking, the special events, the 18th Annual SXSW Interactive Innovation Awards, SXSW Accelerator®, the SXSW Gaming Expo, the SXSW Trade Show, the SX Health & MedTech Expo, SX Create, The Job Market, cross-industry conversations with attendees from SXSW Film and SXSW Music, and, most of all, the unforgettable inspirational experiences that only SXSW can deliver.

SXSW Interactive 2016 is sponsored by Esurance, Mazda, Monster Energy, Capital One, Bud Light, Deloitte Digital, McDonald's, Ten-X, United Airlines, Samsung and The Austin Chronicle.

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SOURCE Ten-X



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