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New Paperless Real Estate Contracts And Forms Service

May 20,2008

Finding the perfect new home can be exhausting, but it’s all worth it when you find your dream property. All you need to do is sign away -- 20 times -- on the dotted line again. Not only does all that scrawling of your signature cramp your wrists, but it wastes precious natural resources and eats up everyone’s time. Instead, real estate companies are turning to paperless real estate contracts to get the job done.

The Innovation Of Paperless Real Estate

In an effort to reduce needless paperwork, real estate groups are working towards digitizing transactions. More businesses are turning towards electronic signatures. From retail purchases to the post office, authorizing an electronic signature is becoming more mainstream. However, people are simply used to signing on a physical piece of paper. Regardless of that, real estate is starting to catch on to the benefits of using technology in place of paper.

How Paperless Real Estate Contracts Work

This innovative system lets users import data into forms using content from listings and public records, which cuts down on the need for data entry into forms and contracts. The addition of these online tools means no need for a fax machine and the ability to view those transactions at any time. The beauty of paperless business is that all transaction files are immediately uploaded online and can be accessed from anywhere, which allows brokers to give their clients around-the-clock accessibility to transaction documents. Digitally storing documents is especially important in case emergencies or natural disasters where all the information could be lost.

Other Paperless Real Estate Services

Contracts are not the only part of real estate without paper. Many real estate agents are getting rid of flyers and brochures in favor of email campaigns, presentations on televisions or computers and uploading information about available properties through PDAs. Lenders are even catching on, using programs that set up videoconferencing to go over loans. Some programs even allow borrowers to grant power of attorney to execute loan documents. Signing electronically for real estate contracts and forms is just the next step in technological evolution within the real estate industry.

 

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