Best way to submit offers?

7 Replies

I am attempting to streamline my offer process. I want to be able to see a property and email the owner an offer straight from my car. Help me fill in the few bits that I haven't quite figured out yet. 

I can use my phone as a hotspot so that is super convenient.

I made a spreadsheet that calculates repair costs and presents as a work order. 

Questions that I have:

1) Is there a software that will allow me and my business partner to electronically sign the documents? Preferably something cheap or free that I can just download.

2) Would a document like this that has been e signed only still be accepted by a title company as legally binding? The actual Seller would have to print it off and sign but we would not. 

While I will still have to use my scanner for something this would allow me to submit offers faster and when I am not at home.

Originally posted by Ryan D.:

I am attempting to streamline my offer process. I want to be able to see a property and email the owner an offer straight from my car. Help me fill in the few bits that I haven't quite figured out yet. 

I can use my phone as a hotspot so that is super convenient.

I made a spreadsheet that calculates repair costs and presents as a work order. 

Questions that I have:

1) Is there a software that will allow me and my business partner to electronically sign the documents? Preferably something cheap or free that I can just download.

2) Would a document like this that has been e signed only still be accepted by a title company as legally binding? The actual Seller would have to print it off and sign but we would not. 

While I will still have to use my scanner for something this would allow me to submit offers faster and when I am not at home.

Adobe is free for up to 4 signatures(I believe) a month anything more its a small reasonable fee and I use it for electronic signatures all the time. They have mobile apps. 

Kudos,

mary

Download a purchase agreement on to your pc as a pdf. Bring up the file add text and signatures and email them off. P.S. if having trouble with editing, click print then save document as pdf enabling it to be edited once saved.

If you use an iPad or iPhone there is multiple apps that you can use to add a signature to a pdf.  Apple laptops come with the ability to take a picture of your signature and add it to any document.  Its in the "preview" application.   Non apple products have the same capabilities as well I just haven't used one in over a decade.   

It seems like you should have pre-signed purchase agreements and for each one you would just have to put in a purchase price.   Signature is always the same...  purchase price is what changes.  

Is this a driving for dollars situation..?    If you are looking to streamline the entire process I would check out this article:  http://www.biggerpockets.com/renewsblog/2014/10/18/7-intuitive-tech-tools-to-streamline-wholesaling-business/     

And yes title companies are ok with digital signatures.  At least our title company is...  

Buying a property typically you don't need a wet signature.   Selling a property, yes you need a wet signature that's notarized.  

when you guys say "digital signature", do you actually mean digitally signed encrypted pdf or you mean just slopping an image of your signature on the pdf and calling it "digital signature"?

In my line of work in engineering, we often have to produce a final drawing which contains work certified by multiple disciplines, such as some parts of it from maintenance of traffic, some by drainage, some from structural engineering, some from roadway, some from right of way, so digitally signing an electronic document actually mean multiple parties signing off their respective "objects" on the drawing, and not responsible for the rest of the stuff, and only that party has digital edit rights to their objects.  This results in the signed document or CAD file being much more smarter than the actual printed paper as the document contains relationship and provenence not on the printed drawings.

If most of you are just putting signature images on the contract, does it really "count" legally?  Would like a lawyer to chime in.

Reason I said this, I used to do the same, a pdf with presigned signatures pasted into and just replace property address, owner and price etc...until I had a contract rejected by Fannie Mae.  They said the initials at the bottom of every page looks the same, I told the listing agent Fannie mae's own reo addendum says they accept electronic signatures, the agent said fnma does what it wants you will resubmit a new one with human penned signatures and initials and fax it in.  OKay..

I asked for clarification but after a day of silence I decided to comply and walked the path of least resistance.

I love PDF Expert -- Best App for signing PDFs (sending or receiving).  One can also type on any PDF received. $9.99 in the app store

Thank you guys very much! 

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