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Registered
Join Date: Aug 2004
Location: New Brunswick, Canada
Posts: 5,472
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It's a HUGE time and hassle saver when I have a simple amendment or extension that I have to get signed for a deal. Buyers and sellers LOVE it for that, vs having to come into the office or have me come over.
HOWEVER... I am seeing a lot of agents using it for listing agreements and even purchase & sale agreements, and I think that is really risky and can be super lazy. There is a LOT to go over, and generally a lot of questions. If it usually takes me 30-45 mins to go over a purchase agreement, then how can I reasonably ask a buyer or seller to just "click" their signature and send it back?
I just had deal where I was the listing agent, and the buyer (first timer, BTW) had their offer submitted through docusign. Not a single condition (inspection, financing, deposit) was met on time., we got another offer and went with that one instead because the whole deal was making me and my seller nervous. I happened to bump into the buyer at another open house the next week, and he said he had NO IDEA what was going on or what the expectations or responsibilities were. His agent lives 5 blocks from him, and just asked him to Docusign it. Never had the OFFER ON A HOUSE explained to him.
He's my buyer now, showing him homes tomorrow afternoon
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Jake Often wrong, but never in doubt.
'81 911 euro SC (bits & pieces)
'03 Carrera 4s
'97 LX450 / '85 LeCar / '88 Iltis
+ a whole bunch of boats
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