Studies on online shopping behavior show that Millennials are 19% more likely to make purchases online, and Gen Z is 27.3% more likely to use online payment methods than other generations. It goes without saying that consumers and potential homebuyers, especially those entering the market for the first time, are used to and appreciate the convenience of online transactions. With that in mind, digital closings – a process that allows a real estate transaction to be closed remotely – are likely to appeal to the tech-savvy homebuyers of today, and the future of the real estate market.

No longer must buyers or sellers – or agents, for that matter – brave the weather, miss an appointment, or be late picking up the kids. Digital closings using e-signatures provide a secure, legal, online way to close the transaction from wherever you wish.

In the states where this is available, VirtualClose® gives agents and sellers the flexibility of Remote Online Notarization (RON) and fully digital closings through a collaborative platform that streamlines the process. If you’re in a state approved to conduct RON transactions, it’s as easy as letting the closer know that your client wants a virtual closing. Getting a remote closing started happens easily, with these simple steps:

• Provide the names of all participants to be involved in the closing.
• Signers will receive an email from @proof.com indicating that a document needs notarization
• Signers click a link to create an account and log in

The notarization process is simple and secure. Signers will:

• Verify their identity by correctly answering questions derived from public records
• Capture images of the front and back of their government-issued photo ID
• Click “Let’s Get Started" to connect with a notary
• The notary guides signers through the online signing of documents

That’s all there is to it. Now, you may celebrate any way you wish. Whether you’ve joined the closing team at their office or joined in the process remotely, you can drop off the keys to the buyer in person, present any gifts as you normally would, or opt to send virtual e-gift cards if you choose.

Happy closings.

For more information, contact your representative to see if you are eligible for VirtualClose®.

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