In the News: Electronic Real Estate Forms Are Here – Are You Taking Advantage?

Hallelujah! Electronic real estate forms are here! We have blogged about it, tweeted about it, and issued a video on it – why? Because it is a capability that you should be taking advantage of. 

In the old process of negotiating a purchase and sale: 

·        The real estate sales professional brings a prospective buyer to see a property – the prospective buyer likes the property and decides to make an offer.

·        If the real estate sales professional is prepared with a hard copy of the documents that the client could sign, they may be able to have the offer signed right there.

·        If the real estate sales professional didn’t bring a hard copy or brought their laptop, the documents could be prepared but then the real estate sales professional would have to return to their office to print them and provide to the client for signing.

·        How many deals require negotiation after the initial offer? Many! This can lead to multiple meetings with the client to sign, make amendments to the purchase and sale agreement, notwithstanding offers and counter-offers.

This is why the law changing to permit the electronic signing of forms is ground-breaking.  

Armed with an iPad and the ViMO app the real estate sales professional now:

·        Brings a prospective buyer to see properties in a neighbourhood. He/she has prepared a list of properties to view.

·        When driving down the street they notice a property is for sale that is not on the list.

·        Now they can pull over, pop open their tablet and locate the property on ViMO. They can electronically message the other real estate sales professional through ViMO to request to see the property and see the other properties while awaiting a response.

·        Then visits other properties with the prospective buyer who ends up finding a property they like and wants to make an offer.

·        Opening their tablet, the real estate professional uses the ViMO app and reviews the property’s sales history, sales comparable and demographics in the area with their client to determine a fair offer.

·        Prepare all documents within ViMO on their iPad, and the client can sign on the tablet using their finger!

·        Transmits all documents to the other real estate sales professional who can send them to their seller to electronically sign.

 

Electronic forms are bringing real estate sales professional so many cost benefits: reduced travel expenses, reduction office supplies costs, a streamlined process for the client leading to delivery of better services, and maximized time savings.

More efficient signing and delivery leads to you getting the job done faster!

For more about how ViMO can save you time and make you more competitive and consumer friendly, check out ViMO, your Virtual Mobile Office. Call us today at 1 855 999-8466.

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