How Virtual Signing Can Help You Sell to Out-of-Towners

If you’re selling a home in Florida (or any other spot that attracts out-of-towners), you’ll be happy to know that processing a home sale is much easier than it used to be. Not only has the signature process gotten easier, but it’s also possible to help them locate and build interest in the property virtually before they’re able to see it.

Improving and Expanding Search

If you want to expand your pool of buyers, look to the Internet. Make sure the photos of your property are enticing and of good quality. Capture the interior and the exterior. If you live on a nice looking street, include pictures of the neighborhood. This will help build interest from out-of-towners, whose only knowledge of the area may be the pictures you’re showing them.

Video is also helpful because it provides a more expansive look at the property and the surrounding area.

Educating Your Buyers

Out-of-towners may not know anything about your city. Make sure your listing includes highlights of the town and your neighborhood. Details like nearby playgrounds and being able to walk to the library may interest potential buyers, so don’t think a neighborhood detail is too small to mention.

Obtaining a Loan

Your buyers will (most likely) be obtaining a loan. They can purchase as a vacation home or through a traditional mortgage. Knowing how (or if) they’re planning on financing the home is helpful in understanding the timeline and qualifications needed. They may choose to work with a national lender, one in their town, or one in yours.

Closing Paperwork with Out-of-Towners

Once the agreement between the seller and buyer has been reached, the paperwork is generally the same as having a buyer in town. However, the way you obtain signatures is different. When working with someone in town, they would most likely come to settlement at a local title company. As the seller, you can choose to be present if you’d like.

With an out-of-town buyer they can choose to come to town to sign or conduct the closing from their town. If they choose to do it in their town, arrangements for the paperwork to be signed must be made. Years ago this involved a lot of faxing and overnighting of documents both ways. Today, much of this challenge has been eliminated through paperless closings.

Facilitating Long-Distance Paperless Closings

Title companies that offer paperless closings use secure software that allows buyers, sellers, and all parties affiliated with a property sale to review and sign documents from anywhere they have an Internet connection. The process is environmentally friendly as it cuts down on paper and the need for overnighting documents. The updates to the system can be seen in real time, helping cut down on delays when changes to the documentation are required. Paperless closings have made it infinitely easier to close with out-of-town buyers.

The Internet expands your ability to reach an even greater number of potential buyers so selecting a national title company is more important than ever. Call Bay National Title Company today if you’d like to know more about a paperless closing or if you need someone who can help you facilitate a long-distance closing.