You have landed an interested buyer? Great! Now, only if it was possible to close the deal with a high-five or handshake. Musings aside, the reality is that the journey from potential buyer interest to a successful real estate transaction involves tonnes and tonnes of paperwork (including a simple real estate contract). If the volume of real estate paperwork required by the Californian state government is any indication, be ready to secure consent on over 180+ sheets of paper per deal! No wonder, closing a real estate transaction is stressful and generally complicated, causing many a deal to fall through. This is why 82% of real estate agencies support their agents with eSignatures, via solutions such as Signeasy.
Real estate paperwork used to take weeks to close. This timeframe is likely to have turned into months now, with the additional restrictions imposed due to COVID-19.
Getting multiple approvals from multiple stakeholders (buyer, seller, bank, government agencies etc) on each document can be tiresome and time-consuming. And in between all the follow ups for signatures, it’s very possible that buyers change their mind and back out from their decision to buy the property.
In such a scenario, here is how the eSignature solution Signeasy swoops in to say the day:
All of this not only speeds up the transaction but also reduces paperwork fatigue for realtors, buyers and sellers. Take for instance, the case of S&C Homebuyers, a premium real estate redevelopment company who signed for Signeasy to speed up their paperwork. They are now able to complete the documentation, which used to take 12-24 hours, in just 2-4 minutes.
The industry already offers buyers virtual tours of real estate, so that they may narrow down on their buying options before settling on the one – without having to step out of their homes. Even instant online mortgage closing is on the rise. Apart from these, the pandemic has accelerated one other trend already in evidence – use of online contract signing tools for hygienically buying and selling real estate.
Using eSignature documents, you may get sign-offs on many property documents. Instead of interacting with high-contact surfaces such as printers, scanners and stationery, with Signeasy, property buyers and sellers to just do one of the following:
Ultimately, this is the way of the future (and now!) to seal real estate deals, without being exposed to communicable diseases. What’s more, eSignatures will allow your agents to focus more on selling and less on hygienic paperwork.
No matter how stressful paperwork is, it is essential to prevent lawsuits and any challenges to right of ownership for your clients. And because it has so many moving parts (from setting up an escrow to the final contract), you want to be doubly careful about the accuracy and speed paperwork.
New York-based real estate brokerage firm Stribling Real Estate also found eSignatures to be the key to fluid, seamless and easy paperwork. They claimed that it helped them secure more business and become more efficient.
Looking for a similarly dependable e-signature solution, to get a simple real estate contract (s) signed, sealed and delivered in no time? Click here for a free Signeasy trial!