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Electronic Signatures Yes Or No

Reblogger Brian England
Real Estate Agent with Ambrose Realty Management LLC SA634540000

Margaret Rome, Baltimore Maryland always makes great points in her blog posts!  I am a big fan of electronic signatures, but I also want to always make sure my clients know what is going on with each step of the process.

Original content by Margaret Rome Baltimore 410-530-2400 311291

 

 

You call this saving time?

 

Electronic signatures for listing agreements and Sales contracts are fast, save time, keeps an accurate account of the transaction. But is that the way you want to work? And should we be using them all the time?

 

Most of you are going to say a resounding, yes.

 

Of course, we need this technology. It is invaluable with out of town clients, or when the clients are traveling separately or speeding up a transaction. It's impossible not to in our electronic world.

 

But what's missing? What are we giving up?

We have become so busy that we do anything to save time talking and face to face communicating with our clients. Showing our properties and making appointments take too much time. Classes are teaching how to take a new listing in ten minutes.

Electronically we sign documents, set up showing appointments, use smartphones to retrieve the house key.  We use feedback forms to find out how an agent/buyer likes the property. We've even set these forms to answer on a numeric basis. Oh boy, we are saving so much "valuable" time. But what are we missing?

We complain that BIG technology companies are interfering and taking our business away. If the clients can get all this efficiency on line, why the heck do they need us?

 

A two-hour listing appointment, explaining an offer, making my appointments, being at and hearing about the home inspection process, and going over the final closing papers before the actual settlement.

It is not always about saving time. It is about educating the clients, building rapport, and preparing for the "what if's."

It allows bonding and empathy with clients going through the stress of moving. It's selling real estate.

 

We want, demand, and need fast, efficient electronic delivery in the wee hours of the morning. And we use this technology to save clerical time. I'm all for that.

 

What frightens me is hearing a client say, "But I Thought."

Would you like to be informed of each step of the process?

Are you thinking of selling your home?

Call Margaret Rome

 

 

Margaret Rome

 

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Broker-Owner HomeRome Realty 

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mrome@HomeRome.com

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Dave Rosenmarkle
Highland Realty, Inc - Fairfax, VA
33 years of providing fully satisfying service!

There is a tricky balance between efficiency and providing "full" service. Electronic signatures do not relieve us from reviewing offers with sellers - over the phone or in-person; particularly if this is the first home they have sold. I look at these situations on a case-by-case basis. If it is more than plain vanilla, it needs to be in-person, when possible.

Feb 18, 2020 01:15 PM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Having just signed a contract with electronic signature whilst I am in Europe, I am pro for them, but I know what I am doing. Clients do need to review, ask questions and understand what they are signing.

Feb 18, 2020 01:29 PM
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Face to face is always best, but electronic signatures are great for when that isn't an option.

Feb 18, 2020 02:53 PM
James Dray
Fathom Realty - Bentonville, AR

Morning Brian.

Like I told Margaret, its a sign of the times.  While I believe eyeball to eyeball works best, most clients don't want to be bothered, just send them the paperwork.

Feb 19, 2020 02:16 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great choice for a repost - and I agree completely with Margaret - so much is missed by the client - who just signs away and doesn't know what they are doing

Feb 19, 2020 04:07 AM
Anonymous
Gary J. Muccio

Good Morning Brian - Great Post! I just had this same discussion with colleagues the other day. A real estate transaction is full of details. Buyers and Sellers need face-to-face interaction to understand the process. Plus, it helps build the personal relationship that is vital to future referrals from past clients who appreciated the time and dedicated service your provided during their transaction. Yes, technology has its purpose. But, it can not replace the value gained by building the face-to-face, personal relationship with your clients. I wish you continued success!

Feb 19, 2020 04:47 AM
#6
Gary J. Muccio, Associate Broker
Keller Williams of Central PA - Camp Hill, PA
Exceptional Customer Service!

Good Morning Brian - Great Post! I just had this same discussion with colleagues the other day. A real estate transaction is full of details. Buyers and Sellers need face-to-face interaction to understand the process. Plus, it helps build the personal relationship that is vital to future referrals from past clients who appreciated the time and dedicated service your provided during their transaction. Yes, technology has its purpose. But, it can not replace the value gained by building the face-to-face, personal relationship with your clients. I wish you continued success!

Feb 19, 2020 04:48 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Brian:

I missed Margaret's post so thank you for sharing - it's a good one and she raises some excellent points! There is certainly a trade-off between focusing solely on using technology and ignoring face-to-face interactions.

Jeff

Feb 20, 2020 04:06 PM