"To Sign or Not To Sign, I Mean DocuSign! That is the ???"
In Today's ever changing world of real estate and technology,
there always seems to be next Shiny Object coming out all the time, in order to succeed in today's business environment you are either progressing forward and innovating your business with cutting edge technology or living under a rock! At John Hrisco & Associates we strive to take an Avant-Garde approach when it comes our business in general, by always trying to improve our customer's experience with us.
One of the ways we have done that is by using a product called DocuSign. DocuSign makes it easy to close real estate transactions faster, anytime, anywhere, and on any device. Yet, while building client loyalty by enhancing customer satisfaction and reducing overall operating expenses. DocuSign is the world's most trusted electronic signature solution. Here are just a few of the many things that DocuSign allows us to do for our customers.
- Re-Assign Signers: it enables the recipient to re-direct the signing to a more appropriate signer.
- Signer Attachments: We can request our signers to to provide additional documentation by upload or fax return to us through DocuSign.
- Account Branding: It allows us to customize our DocuSign account with our own company branding so there is no mistake as to whose documents the customer is signing. Presents a more professional image.
- Forms Integration: It allows us to integrate all of our real estate forms along with additional data to reduce our workload and provide better customer service to our clients.
- Authentication Options: We can identify who is signing our documents as well as choose from various authentication options ranging from an email account to even more cryptic type options.
- Paperless: It allows us to create an almost paperless office environment.
- Simultaneous signing: Multiple signers can be in totally different locations and all end up signing at the same time just by accessing their email.
- Completed PDF: Once all parties have signed, we receive a completed PDF document as well as the signees.
- Clean, Legible document: Much cleaner contract for everyone involved, no cross-outs, strike-throughs, etc...
- Eco-Friendly: with such an emphasis on our environment these days, DocuSign users have saved over 60,000 trees.
- Customers Prefer DocuSign: If asked, the majority of clients and customers prefer DocuSign over traditional faxing of paperwork.
Fast forward to 2011, where I was presenting an offer for the very same client mentioned above in 2006 on another property where we were also dealing with multiple offers, contingencies, back-up contracts, and of course time was of the utmost essence in this case. We were also dealing with sellers who no longer lived at the property for sell and lived over an hour south of Fort Worth, Texas. With the help of DocuSign, what would normally have taken us several days of faxing contracts back and forth for everyone to sign, we were able to get done in just a few minutes, even in time for some parties involved to: receive the documentation, sign it and continue on with their evening and their previously scheduled dinner engagement. We ultimately were able to execute the contract, and close in a little over two weeks and I can honestly say that if we were not using DocuSign on this transaction, due to the nature of it, I don't know if it would have executed and closed as we did. This particular lifelong client of mine even requested or asked in the very beginning of this transaction if I was still using DocuSign as he knew the benefits of it, to which I assured him I was.
Let us look at another example from a recent in state military relocation client of mine who was purchasing a short sale. You will understand the reason for my statement below. This particular situation involved a seller who lived 5 hours away in Houston, TX and my buyer who lived 3 hours south of Fort Worth, TX. Originally, I prepared all the necessary paperwork through DocuSign when the initial offer was submitted and both parties signed it. However, because we were dealing with a Short Sale lender who was still LIVING UNDER A ROCK, my client then had to: print the contract I sent her, physically sign it, then scan each page, and email it back to me to which I then forwarded it to the listing agent who then sent it to his seller, who then had to print it, again, physically sign it, and then either scan and email it back or faxed it back to the listing agent who then had to forward it on to the short sale lender. This whole process took several days to complete and because of this, you have some very frustrated clients and customers involved.
I just wish some of these financial institutions would come out of the dark ages and start accepting electronic signatures. It would make our job as a REALTOR (R) a lot more easy for us as agents and our customers in a lot of aspects. It would also speed up a very much needed area of real estate in regards to foreclosures and short sales, where time is of the essence in almost every single case. Electronic signatures are good enough for millions of customers in many different industries and for thousands of real estate agents and title companies out there, yet some financial institutions will still not accept them. Really, what are they thinking?
"This post is a submission to the DocuSign/ActiveRain Electronic Signature Stories Contest, (but the stories mentioned here are true). It's possible I will win a prize for writing this post. You could win a prize too by going to the Contest Announcement and sharing your own story"
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John Hrisco & Associates: When experience counts, the sign you want, the agent you need. Licensed Texas Real Estate Broker #0480703, with over 13+ years experience buying & selling real estate in the D/FW Metroplex. Integrity, Professionalism, Results & Charity is our Mantra. It is how we go about our lives and our business. We undertake a specialized set of tasks and orchestrate them with uncommon skills. Whether you are buying, selling, or investing in real estate, if you are not doing business with John Hrisco & Associates, you are losing money.
servicing the Dallas/Fort Worth Metroplex: including Northeast Tarrant County, Ft. Worth, Keller, Southlake, Colleyville, Grapevine, Haslet, Trophy Club, Roanoke, Westlake, NRH & Surrounding areas
John Hrisco & Associates
RE/MAX Heritage
4200 Heritage Trace Pkwy., Ste. 100
Ft. Worth/Keller, TX 76248












John, I use a similar service for our MLS - formsimplicity and it really is simple to use it. All the benefits of Docusign and all the real estate forms - a great combo. Not sure if it is available in all states.
Hi Praful, have not heard of it, will have to check it out...thanks for stopping by.
Right on the mark, John, it would be good to have across the board but we are just not there yet; suggesting.
Hi Teral, thank you for stopping by, I agree with you, when are the financial institutions going to pull their head out? Right?
John ~ I LOVE DocuSign. I just closed a deal with a referring agent in VA. After he sent me the referral agreement via DocuSign, I called him to tell him how easy it was to use. Can't believe I waited this long to sign up! Great post!
Hi Melinda, yeah, it's amazing how it simplifies the contract process, I just wish it would have been around 11 years ago when I first got started in real estate. Oh, the time I could have earned back. Thank you for the comments and the compliment.
John-great post for the benefits of Docusign. I've been sold on it for a couple of years and haven't had any clients who once they saw how easy it was to use say NO. The time it saves in driving for local deals is terrific but the times when my clients are scattered all over the world it is priceless.
John, this is an awesome post! I am hitting the "suggest" as my approval!! Looks like a winner to me!
Hi Cindy, thank you, I especially love the clean contract aspect, the only hiccup is when everyone has agreed to terms, you make changes, send it out for signatures, and then one party decides oh, by the way, lets change something else....it's not a technological hiccup, more of a human hiccup, that happened several times on the above mentioned transaction but because of Docusign, I was able to make quick changes and resend out for signatures again. Thank you for your comments and your family for your service.
Hi Deb, thank you very much, and appreciate the suggest, my first one that I know of, thanks for the picture tips, figured it out. Now on to Why I chose Real Estate!
John - WOW - this is a well written post with tons of good information, and an excellent entry into the contest. Good luck - this looks like a winner to me. Watch out, DocuSign may be calling you to become a sales rep for!!!
John, you spelled out the advantages so well! This is the FIRST TIME I've actually gotten to read about all of the positives. I'm in a big learning curve as far as technology this year. That and ZipForms are two of those new types of speeding up the forms process and saving time. It means investing time at the beginning with the tutorials...always cumbersome, but I did it with two 9-week courses earlier this year, so I am always about learning.
Thanks this was priceless and good luck on the contest...I'm bookmarking FOR SURE!
I must be living under a rock. I have never run into anyone using this in my market.
Good luck in the contest.
Hi Maureen, thank you very much, if you haven't already, you should look into DocuSign...it's one of those tools, you will say How did I ever do without. Thanks for the Google+ invite, accepted it.
Excellent post and advice on a real time saver. Thanks for sharing.
Great post. Like Praful I use formsimplicity, but not very well. The torture of modern day technology is that these programs will do more for us than most of us will ever use.
How's life around the Big D? I'm missing my favorite stop, Norstrom's Rack in Plano. Their summer sale in July at the Galleria is a blast too.
Hi Charles, I agree, they often do more than we all can figure out and use. I'm on the Fort Worth Side, but it's still HOT, HOT, HOT! Ready for the fall. Got a Jack Black facial at the Nordstrom's at the Galleria a few months back, it was awesome.
Hello John and VB will have to look into DocuSign, I am not familiar with this service either. Very well written post and it really looks like you put a lot of work into this post!
VB ;o)
Hi VB, thanks for stopping by. You will get left behind if your not using DocuSign, and yes, thank you, it did take a lot of work.