When it comes to dealing with real estate contracts, signatures, and paperwork in the real estate industry, it’s a never-ending process, not to mention time-consuming. In such cases, time management and delegation are of paramount importance! For these reasons, there are an increasing number of firms going the digital route.
Over the last 2 decades, technology has managed to streamline almost every aspect of the real estate industry. However, up until recently, there was no solution to reduce the paperwork load. Now, with Foxit eSign, all buyers, sellers, and agents can simplify document signing and management with their smartphone or tablet and a wireless connection to sign documents from the comfort of their homes.
In this article, we’re going to take a deep dive into how Foxit eSign has made real estate a hassle-free business.
What is an eSignature?
In a nutshell, any document which you sign digitally without the need for a pen and paper is an eSignature. You’ve probably come across different types of eSignatures methods, such as:
- Click to Initial: With the click of your mouse you can add initials to a document.
- Click to Sign: A type of eSign where you simply click for your signature and you’re done within seconds.
- Signature Capture: Signers can use their fingers, a stylus, or a mouse to record their signature on electronic documents. This sort of signature can also be utilized on the signer’s registered mobile devices for quick and easy signatures on papers while on the go.
Any of the above types of eSigns are considered legitimate in the same way that a wet-ink signature is in most scenarios.
In other words, an eSign is a unique mark in electronic form that validates and verifies a document in the same way that a pen-and-paper signature does. For some time now, the adoption of this signing technology has been on the rise, keeping in mind its eco-friendly nature and the convenience it provides.
What are the benefits of eSign?
When you use Foxit eSign you save money on paper, ink, and printers. You increase email control, governance, and compliance. Contracts can be managed, sent, and signed in record time, enhancing the speed with which your organization operates. When compared to alternative techniques, staff time spent transmitting, regulating, and retrieving documents reduces. Your buyers will have a better experience if they can sign your document from their mobile devices at any time and from anywhere. In other words, when you use Foxit eSign you cut costs, enhance efficiency, make your buyer happy and live life hassle-free.
Why should you use Foxit eSign for Real Estate?
Whether you’re one of the for sale by owner websites, a flat fee MLS company, Discount Brokerage, or even a traditional real estate agent, there’s no escaping the never-ending mountain of paperwork you have to go through the whole process.
Foxit eSign provides the perfect solution to this problem once and for all. Here’s how it can make your life easy in real estate and elsewhere:
You save on time
The most important advantage of eSignature software is that it reduces the time it takes to process documents. There is no need to print, scan, and mail a document, then eagerly await the receiver to sign and return it to you. A significant amount of time is wasted in the process. With an electronic signature, you can process time-sensitive papers in a matter of seconds.
Furthermore, a top-tier electronic signature platform enables you to sign papers from anywhere, at any time, and on any device. It is especially necessary for that pressing situation, or if you are away from the office or have limited time to go there and arrange everything. There is no such pressure on individuals who employ the Advantages of Electronic Signatures.
With an online signature system, you can also retrieve your documents much faster. No more sifting through stacks of paper in pursuit of a single document. It’s as simple as clicking a button to get to it. The “missing” document is ready for you to amend or share with the right people in a matter of seconds. eSign software ensures a significant increase in efficiency, allowing you to better manage your time.
Implementing eSignatures is more cost-effective than the old method of managing paper documents. You save money on things like paper, printing, packaging, shipping, and mailing.
Furthermore, eSignatures have aided in reducing the cost burden of human error, which occurs as a result of signing mishaps that slow everything down. The normal wet-ink signatures contained several errors and inaccuracies, thereby severely impacting enterprises or businesses.
Eco friendly in nature
As competition gets more cut-throat, so does the need for modern solutions. Before your business rivals begin to embrace the concept of eSignatures if you or your inability to follow suit will begin to stand out, making your organization appear increasingly out of step. Homebuyers are more ecologically conscious than ever before, and they are always demanding that they do business with companies that take their environmental credentials seriously. Signing documents electronically, on the other hand, indicates that you are on the correct track and will appeal to that clientele.
Enables you to make faster real estate decisions
It is difficult to real estate enforce choices, especially when there is too much paperwork involved. A slew of documents must be signed and approved one after the other, hindering the speed of the process. And, as you may be aware, the longer the signing of an agreement process takes, the longer it takes for decisions to be implemented. It is not uncommon for sound business decisions to become lost in the midst of all the procedures and lose momentum over time
If you want to shorten the time between making a decision and carrying it out, you can use the Benefits of Electronic Signatures to expedite the formalities associated with the approval process. You may implement decisions much faster if the contracting parties immediately sign off on critical papers with eSignature and give the decision a stamp of approval.
No more real estate paperwork clutter
Consider how much space you will be able to save if you stop stacking on paper documents. It will no longer be necessary for you to dedicate a space for all the paperwork in your office or home. Get rid of those boxes and make better use of this area. Again, owing to the document management feature built into e-signs, you will never have to waste time manually searching for documents.
Helps you concentrate on things that matter
The time you save by adopting eSign technology allows you to focus on more vital tasks such as repair work, legal work, marketing, etc., making you more productive. You’ll be able to automate document flow and reduce time-consuming activities. For example, if you use the same documents every day, the electronic signature app’s templates feature will come in handy. Create a single document, save it as a template, and use it as needed, with minor tweaks to match each specific scenario.
Less likelihood of losing a real estate document
Paper files are somewhat flimsy and easily damaged. Furthermore, you may send an urgent document; wait for it to be returned, just to discover that certain signatures are absent. These hazards are eliminated by using electronic signatures.
Furthermore, an electronic signature system increases the security of your document due to its strong encryption techniques. That is, no one else will be able to access the papers without your permission.
A dependable eSignature technology also ensures full control. For example, it allows the contracting parties to keep track of all changes made to the document. As a result, both parties are confident that it has not been tampered with and is completely secure.
Legit in nature
eSignatures have the same legal significance as wet-ink signatures on any document, according to electronic signature regulations such as The Uniform Electronic Transactions Act (UETA) and Electronic Signature in Global and National Commerce Act (E-SIGN Act).
Electronic signature systems necessitate that documents be properly signed, with the signer obligated to fill up all blank fields before pressing the transmit button. Additionally, document pages transmitted to the appropriate recipients cannot be shuffled or tampered with. These assurances of document integrity and signer identity result in a more dependable, defensive agreement.
Compliant with various federal laws
When there is a big transaction involved, you best believe the paperwork and legal work involved will be a herculean task in itself. Complexities in monitoring paper documents may result in compliance concerns during an audit. If it is proven that a paper document, such as an agreement or contract, has been tampered with in any manner, it is likely to result in costly fines and interminable lawsuits. The feature that makes eSignatures safe and secure also allows them to comply with the various state and federal laws.
Better customer experience
Nobody would deny that happiness (whether buyer or seller) is critical when transacting for any business purpose. The signer would be happier if you improved the efficiency of your interactions with them and found a smart way to speed things up. The advantages of electronic signatures are that they save clients’ time and make the signing procedure more appealing to them. They can sign documents from anywhere, at any time, and with any internet-enabled device they like.
Is an eSign considered a legit document for real estate?
Electronic signatures are legally valid and accepted in practically all circumstances.
Prior to the year 2000, the usage of eSignatures was met with skepticism. However, after the passage of the federal E-SIGN and UETA acts in 2000, it was legislated that electronic signatures be a valid form of signing as long as fundamental standards are followed.
The following conditions need to be met:
- Must show a clear purpose to sign
- Consent to undertake electronic business must be clearly agreed upon.
- It is necessary to keep a clear signature association record.
- There should be a clear signature attribution (audit trail).
- There must be an easy method of document keeping or a mechanism to produce papers as needed.
Foxit eSign supports multiple industry compliances and provides top-tier security to keep all documents secure. You don’t have to worry about whether your electronic signature will be accepted in court; with complete UETA and E-SIGN compliance and a certificate of completion for every document, you have all the proof you need if the signature is questioned.
Is Foxit eSign recommended for real estate?
When it comes to real estate, irrespective of whether you’re a flat fee MLS listing website or one of them for sale by owner websites, Foxit eSign streamlines the paperwork in a hassle-free manner.
Both parties are happy with the transaction rate and with the robust security feature Foxit eSign provides.
eSignatures usage does not compel or enforce changes; it simply makes your life simple. Many eSign systems link with commonly used corporate technologies, such as PDF, Google Docs, Salesforce, Dropbox, Microsoft Word, and others.
The benefits of electronic signature software are immeasurable. Every industry will find specific benefits of eSignature. In conclusion, Foxit eSign is highly recommended for the real estate industry.
One such company in the real estate industry making lives easier is Houzeo. You can check out Houzeo reviews and take a look at how its technological features (such as introducing e-signatures) have made peoples’ lives easy.
Integrating Foxit eSign helps in ensuring everything is streamlined enabling you to shift your focus on the things that matter the most without the worry of losing the document.2