Signatures are the backbone of the real estate sector because, with every lease or sale, agreements need to be signed. Purchase of property follows a strict process were the buyers has to ensure that property the sellers have disclosed everything related to the property, regulations adherence, and title assurance. Therefore, every client should pay special attention to the agreement and ensure that no signature is omitted.
With the manual signature, the real estate agent has to prepare the documents and track down the parties involved. The agent then sends the agreements via FedEx or deliver them personally across town to the seller and buyer. The whole process is tiresome, time-consuming and causes a delay in property transfer. Fortunately, the revolution of e-signature for real estate companies has worked like a miracle.
Embracing the use of e-signature for real estate services allows real estate companies to complete rental and sale agreement in an easy and fast manner. The e-signature technology can be installed on the tablet or smartphones, making them easily accessible from anywhere and at any time.
The real estate agent sends the agreement to the client, and they immediately get a notification. The document is either in a PDF format with the signature spaces flagged or highlighted. The e-signature software gives the client a step by step process of signing the document. Any missed signature is flagged by the software and prompts for an e-signature. The client hits send or submit after signing. The agreement is sent back to the real estate agent automatically. Software companies offering electronic signature solutions for real estate are discussed below;
Digital Ink is an electronic software solution for real estate professionals. It helps in revolutionising customer experience by providing you with an automated and straightforward process of handling rental and purchase agreements. Digital ink updates your email address book, tracks signatures and allows you to customise your documents. The software solution can be installed in a tablet.
Members of the California Association of Realtors have free access to Digital Ink. For others not covered and as per your business needs, Digital Ink offers two options, pay as you go or an annual subscription. Pay as you go, customers, purchase transaction credits which do not expire while the yearly subscription is at a low price with unlimited transactions.
National Association of Realtors (NAR) members qualify to get e-signature services as part of the benefits. Moreover, due to their relationship, most real estate companies use DocuSign to provide e-signature for real estate services. Members of NAR are given a maximum of five documents to send out for e-signatures per month. However, if the agent has many agreements to send out, they can opt for a monthly subscription. If you are having money problems, you can sign up for the 30 days free trial, and then use the commission earned to subscribe.
Dootloop is a real estate transaction management software. It has several tabs such as real estate agents, brokers, clients, service providers, teams and training. The platform allows you to set up small communities through the tabs, which makes it easier to share documents for e-signature amongst yourselves. It is a platform that matches the on-the-go style of real estate professionals.
Through Dotloop, agents and brokers can spend more time looking for clients, and closing lease and purchase deals.
SignNow has automated real estate procedures making it easy to close deals faster. The system allows real estate professionals to upload the agreement, edit the content of the contract, sign it and send it out for e-signature from the client. The client sends it back after signing. SignNow application can be installed on the tablet or smartphone. If a real estate company has one team, they should opt for the business premium, which is $8 per month per user.
Adobe acquired EchoSign e-signature platform and integrated its services with Dropbox and Box.net to allow for cloud storage of documents. EchoSign through a signed deal with PlanetRe enjoys the following features;
With Adobe EchoSign, real estate agents can edit and send out a contract for e-signatures. Users who have installed updated Adobe Reader in the tablets or smartphones have the built-in EchoSign. It enables them to send out documents, agreement and email attachments with ease through apps like Dropbox. Adobe EchoSign offers the agents live status updates of the location of the document, and signed agreement are stored in the users EchoSign account.
E-signature software solutions for real estate professionals are supported by cloud computing. Thus, eliminating the cost of ink, printing papers and other expenses incurred when printing, copying, scanning, postage or faxing documents.
Through technology, documents travel at a speed of lighting, ensuring that the clients receive the contracts, input their e-signature and return them to their agents. E-signature software for real estate professionals has helped in avoiding long queues of documents waiting to be signed. E-signature provides businesses with versatility in time-sensitive situations.
Use of e-signature by real estate companies ensures that no time is wasted moving the document from buyer to client as both are signed electronically. It also helps in avoiding delays caused by handwritten signatures.
The information on real estate documents is very crucial and confidential as it involves significant amounts of transactions. Real estate agents and brokers should be keen when handling property agreement, data and financial information to prevent access by hackers. E-signatures for real estate services help protect client information through the use of digital signature as an extra security feature. The digital signature is encrypted according to the owner’s unique features and is very hard to hack.
The ability e-signature to be supported by tablets or smartphones gives the real estate agents and brokers the freedom to sign documents and send documents and agreements from anywhere and at any time. That is why they are fit for the on-the-go lifestyle of a real estate agent.
The use of e-signature software by real estate companies has positively revolutionised the industry. Software applications enable companies to streamline their processes and transactions, making it easy for real estate agents to close deals. The E-signature software solution helps real estate companies minimise cost, and enhance the security of the agreements, data and clients financial information.
