Electronic contracts are often referred to as Econtracts, and they are becoming more and more popular as security for them has gotten better. These contracts are much faster to do than in days past.

The are benefits to more than just buyers and sellers with these contracts. Realtors, Lenders, Appraisers and Title companies all seem to have a much easier time when these contracts are used. Files can be shared and easily organized, and they're much cleaner to read than the paper contracts tend to be after they've been scanned or faxed.

 

The benefit buyers and sellers seem to enjoy the most is the speed at which communications go. With our clients they can know the second someone agrees to an offer, counter offer, inspection items, etc.

There are a few companies who provide these services, and some have it down to being able to verify that a signature was signed by a specific IP address through a specific email address. It's still getting better and it's far more advanced than it used to be.