The year is 2010 and you can do all of your holiday shopping online, get your e-mails, phone calls and manage your contacts from a hand held device.
So, why are we coordinating closings for when all parties can get into the same room? He are using Active Rain to help with our networking and marketing efforts but then have Fred Flintstone’s pterodactyl manage the closing and the documents. Even the contracts are still hand written in many instances. Hold on while I rub two sticks together to keep warm.
I know some of us have experience using e-signatures, but it is the exception and not the rule. In addition, it is used for only a portion of the process and the individuals need to be in the room with the closing agent.
The future is all electronic and from remote locations. How many people have used a service such as Go To Meeting? It is essentially a webinar service where you have someone leading the meeting (ie a closing agent). The leader can give control of the screen to any individual on the conference so that person can click on the necessary areas of the presentation. Meanwhile, all are also dialed into a conference call number so they can speak.
Once this becomes main stream, you can roll out of bed, grab your coffee and log in to participate in the closing…while still in your pajamas. Buyers and sellers can close from work without having to take a day off. It can happen while they are on vacation, on a business trip, etc
This is not to say that we should take the face to face transactions away. It just offers options which can help improve the entire process.
Who else is ready for the future?