With COVID19 still going strong in the United States, we do almost everything remotely. But, you may be wondering, can I sell a home remotely?
Do you have to close on the sale of your home in person, or is there another way? Keep reading to find out.
Is It Possible to Sell Remotely?
Yes, it is possible to sell a home remotely. In today’s digital world you can close on your home’s sale in another country or just the coffee shop down the street if you take the right steps.
Keep Everyone in the Loop
As soon as you know that you will be selling your home remotely, it’s important to tell all applicable parties that you will be signing the documents remotely, namely your realtor, the title company, the buyers, and anyone else who would need to know. This will ensure that no one will be surprised when you’re not at the table on signing day, and that remote documents can be drafted in time. Additionally, assess how you will send documents back and forth whether through the mail or via email.
Find a Notary
If there’s not a location of the title company you’re using near both you and the buyer, you will need to enlist the help of a notary. You will also need to review anything you’re going to sign with your realtor before signing with a notary.
Coordinate the Mail and Money
Start by clarifying any deadlines that your title company may have regarding signing documents and payment. When mailing or emailing your signing paperwork it’s wise to allow one day of buffer time to allow for any delays or issues. For example, if you know your mail could make it to the signing company by the deadline Friday if you mailed in on Wednesday, it would be a good idea to mail it out on Tuesday just to be safe. Additionally, plan out your wire transfer to the title company so it can go off without a hitch.
Check Your State’s Requirements
Each state has different requirements regarding remotely closing on a home, so make sure you check your state-specific guidelines before diving in too deep.
The Bottom Line
Selling a home remotely is possible, but it is a long and complicated process that requires good communication skills and a lot of forethought. Consider if you have the time to sell your home remotely, or if it would be worth it to be there in person to simplify the process and work out any issues as they arise.
Contact Zech Buys Houses
Want to sell a home remotely, without all the hassle? No problem! Contact Zech Buys Houses today, we buy homes in Colorado Springs, CO, and surrounding areas fast and in cash. If your property meets our buying criteria we’ll give you a fair, no-obligation cash offer. Call us today for your free estimate, and you could have money in hand for your home in as little as seven days.