by An Bui, DocuSign Social Media on Tuesday August 11th, 2009
DocuSign for Real Estate – What a Week!
Was your last week as busy as ours? Last week, we attended Real Estate Bar Camp San Francisco (RE Bar Camp SF) as well as Inman Real Estate Connect and released some new Real Estate specific features.
Signing Order—Enables contracts to be sent to signers in a specific controlled order, which is important for real estate transactions. The sequence can be set by the sellers’ agent or the buyers’ agent depending on the type of transaction. Correct on the Fly—Agents can change the recipient information, even after the agreement has been sent for electronic signature. This allows transactions to be completed immediately rather than having to re-send the document. Import of Handwritten Signatures—Agents or their customers who want to use their handwritten signature, can now load their personal signature into the DocuSign system, and use it as their electronic signature. Contract Templates—For commonly sent real estate documents, DocuSign automatically applies all required ‘sign here’, ‘initial here’ and checkboxes required for each signer, dramatically streamlining the document preparation and sending process. How much time do you think you’ll save? My guess… a lot. In September, we’ll also release support for faxed-in documents so wet-ink signed contracts to be faxed-in. This gives you more flexibility and support in a ‘mixed mode’ electronic signing process as well as allows signers to attach other paper documents to the DocuSign transaction. Another feature will enable you to shrink the signer’s initials or signatures to fit the space provided on your real estate contracts and addendums. As the market leader, DocuSign has established partnerships with the industry’s premier service providers. DocuSign’s real estate partners, such as zipLogix, Information and Real Estate Services (IRES), Realfast, and Reveal Systems, Inc., all have immediate access to DocuSign for Real Estate editions. Home buyers and sellers appreciate the convenience DocuSign provides – with 95 percent buyers having internet access compared to fewer than 10 percent with in-home fax service, real estate professionals who use DocuSign report client satisfaction associated with electronic signature.
Given this tough economic climate, real estate professionals are looking for ways to add a competitive advantage that delivers immediate business benefits. By speeding the signature process, DocuSign is saving real estate professionals hours of driving around for every signature and demonstrating to their clients they are cutting-edge, while closing on more properties faster. Today, real estate agents tell us that DocuSign has become as much of a requirement as a cell phone. – Tom Gonser, Founder & VP, Product Strategy
Why print-fax-and-wait for the return fax when you can use electronic signature and online contract execution? What real estate features would you like to see? Let us know in our forums or leave us a comment!
