Real Estate Industry Moves Toward Going Paperless
No one can argue that, over the last decade, technology has made leaps and bounds. Can anyone remember having to find properties in the filing drawers on 3X5 index cards, or in those old books? We've definitely come a long way and we continue with new and remarkable improvements each year. The new trend, as of late, is going completely paperless! Tools, such as the IPad, are making this possible. Can you imagine how phenomenal this will be when every realtor, title and mortgage professional will use this technology?
Many savvy agents are already on board with more following suit. Going completely paperless gives these professionals a greater competitive edge while also saving them tremendous amounts of time and money! On the other hand, it will also cause tremendous frustration, in the beginning, being forced to deal with the less-digital savvy professionals who have yet to recognize a better, more efficient, way of doing business.
Imagine being in a multiple offer situation and time is of the essence to respond to a counter offer. Having the ability to send the counter offer digitally to the client (even if your client is on a flight across the country), have the client sign via DocuSign and then digitally sending it back. The whole process would only take a few minutes to return to the listing agent. Whereas the other agents having to use the older methods barely had enough time to call their clients. It could save you the deal! Your
On another note, the most delicate aspect of any transaction is undoubtedly the PAPERWORK and its execution, an aspect commonly overlooked and undervalued by today's buyers and sellers. We are listing homes, marketing the properties, scheduling inspections, working with lenders to discover financing for our clients, facilitating the opposing agent & client, working with transaction coordinators, dealing with stacks of paperwork... but, such efforts on behalf of our buyers and sellers are commonly overlooked. Yet, these efforts SCREAM OUT the value of today's agent.
Personally, getting rid of the big filing cabinets that take up such a large portion of office space and storing all files in digital format, is key for me! Many outside entities offer mass digital file storage for nominal annual fees. From listing to closing, going paperless is the new hot trend in the real estate industry. Join us in getting every professional in the business to simplify our lives by going paperless. GO GREEN!
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