How eSignature helps Real Estate in 2020

Technology is developing rapidly helping all industries grow. One of these advances is electronic signature. An eSignature is analog to a handwritten one, used for signing electronic documents without a need to print and scan a hard copy afterwards.
In this article we go over eSignature’s useful features and why real estate professionals and buyers/sellers all across the US choose to use it.

What are the key functions of an electronic signature?

Three main tasks where eSigning is very efficient and saves time:

Tax reporting.
Contract negotiation.
Banking operations.

Since an electronic signature is legally valid and court-admissible, there is no need to exchange paper copies.

How does eSigning protect real estate from fraud?

The procedure for buying and selling a house/apartment is a pretty standard transaction. Following the right protocols in the property’s state reliably guarantees the transfer of title. However, to do that, great care has to be taken to ensure that the document lifecycles are smooth and well-executed. As we mentioned before, technology has improved a lot and there are many document-related processes that can be digitally managed now.

Real estate experts say that reliable online tools for document management and signing, like sigNow, significantly speed up processes and make signing and sharing contracts and agreements more comfortable for everyone.

With the growth of cybercrime, we all have to be vigilant when it comes to protecting customer data, and real estate is no exception. Forms concerning someone’s real property contain a lot of confidential information. signNow is always on high alert when it comes to cybersecurity. The platform maintains world-class security standards that ensure the encryption of all materials and information coming in and out of the platform protecting data from unauthorized access.

signNow makes it easy to sign all of your real estate-related documents without leaving home

The introduction of eSignature has changed the way business is done in many different ways. Starting in the mid-2000s even the government began using electronic means to distribute different kinds of e-paperwork. Regarding real estate matters, an online signature makes the process much easier, faster, and more secure. Signing electronically or digitally reduces the time it takes to execute paperwork from days/weeks to minutes.

A standard real estate deal includes the following basic steps:

Read the contract(s) — before signing a contract of any kind it is very important that the signer reads it in its entirety.
Notarization — every real estate transaction requires the assistance of a notary to recognize that a buyer/seller has signed the necessary forms.
Sign the contract — after reading the contract(s) and meeting with the notary and lawyer if needed a signer has to execute the agreement(s).
Wire the referenced sum to each party — once everything is signed it is time for the buyer/seller to send the required funds.

At almost every stage of the document management process, a helpful online tool makes a big difference. Having a powerful tool like signNow makes performing steps 1-4 easier than ever from the comfort of your home.

How to legally sign forms related to a real property online

Based on the evaluation of the real estate industry, its best practices and new technologies, we have created a future-forward eSignature solution that provides brokers, agents, notaries, and customers looking to buy, sell, rent or lease property, everything needed for efficient document management.

Follow our step-by-step guide to sign documents remotely:

Log in to your signNow account.
Upload a document(s) you need to sign.
Open the document(s).
Add fillable Text, Date, Signature and Initials fields.
Include signers and enter their email addresses for sharing.
Set up a signing order, roles and permissions for your recipients.
Create your eSignature, sign the document(s) yourself, and send it out.
Get instant notifications on any edits/actions made to the document(s).

signNow keeps real estate brokerages and investment companies moving forward by automating complicated signature workflows. It’s a legally-binding eSignature solution that features a fully configurable platform for automating document workflows and is trusted by millions of users.

Expert advice.Buying or selling a house/apartment is a big thing that involves a lot of money and a lot of steps. Using a tool that can track everything form-related is a huge relief of responsibility. A great solution for digital workflows is having a court-admissible audit trail. What that means is using the audit trail a user is able to track everything that happens to a form, contract, spreadsheet etc., from edits to signatures with timestamps of who did it and when.

Why should those buying/selling real estate use signNow?

With signNow’s eSignature solution, realtors can create, sign, and track all the necessary documents in a transaction from anywhere.

1. Quickly fill out and sign documentsTurn any document into a fillable PDF, add Date, Text, Checkboxes, Signature fields, and much more. Get a form library with thousands of useful docs for working with real estate.
2. Approve contracts on any deviceAllow clients to add their own unique electronic signature and use it to sign contracts and addendums. They can draw, type or upload their signature using their smartphone or computer.
3. Simplify complex workflowsSet reminders, expiration dates and passwords for confidential papers. Сreate an order to sign documents for as many signers as needed in just a few clicks. Get full control over each step of the signing process.
4. Earn & build customer loyaltyReflect branding in notifications and emails sent to recipients. Brand yourself as a realtor that cares about clients’ experiences through excellent service.
5. Increase your productivitysignNow allows users to add their colleagues to the digital workspace, create online teams and give admin rights. Administrators can create, share and collaborate with documents and templates, and instantly monitor their statuses in one secure environment.

Know what you get with signNow

With a secure role-based eSignature solution, easily define who, where and when documents are executed with full visibility throughout the entire process. Be rest assured that everything that happens is tracked.

To protect yourself from fraud in real estate transactions, use proven solutions. Find out more about why professionals trust signNow.

Eugenia Haivoronska

Digital content writer at signNow

May 13, 2020

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