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AmeriQuotes offers online bidding. was recently launched nationally to provide buyers and sellers of commercial real estate with online bids for many of the services they require to execute transactions.

AmeriQuotes provides the real estate investor with bids from a nationwide network of top-tier service providers. Services currently available are title insurance, phase I/II environmental reports, 1031 exchanges, brokerage, property and casualty insurance, land surveys, escrow and appraisals.

To obtain bids, a user logs on to and fills out transaction-specific data, which is converted into an electronic request for proposal (RFP) and submitted via email to service providers doing business in the area of the transaction. Bidding service providers submit their quotes back to AmeriQuotes within two business days, where they are prioritized and electronically "packaged." Within three business days of the initial RFP, up to 48 quotes can be submitted back to the investor. CEO Martin Gibeau, previously president of Stewart Title of Denver, notes, "Quite simply, a need exists within the commercial real estate community for a more efficient and cost effective process for building high-quality transaction teams. For a nominal annual fee, the service provider will have access to an increased volume of high-end commercial transaction opportunities." recently secured venture capital funding from an investor group led by Cavalry Capital Management of Monument, Ohio.
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:May 10, 2000
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