How a real estate company uses Dropbox Sign
Summit Realty Group is handling the sale of a luxury condo in downtown Miami. After weeks of negotiations, the buyer and seller have agreed on terms, and the final purchase agreement is ready. The buyer, a busy executive, is traveling internationally and can't attend an in-person closing. Both parties are eager to close the deal quickly.
5 minute read
Summit Realty Group needs to get several key documents signed electronically by the buyer, including:
The final purchase agreement
Property disclosure forms
Title transfer documentation
Summit Realty Group’s transaction coordinator, Sarah, uses Dropbox Sign to prepare the documents for electronic signature.
Document preparation
Sarah uploads the finalized purchase agreement and related forms to Dropbox. When she’s ready, she can then pull them into Dropbox Sign.
She adds signature fields for both the buyer and seller, along with date fields, and a custom field where she will pre-fill the purchase price before sending the documents.
Sending documents
Sarah sends the documents to the buyer, who receives an email notification with a link to access and review the forms.
Buyer review
The buyer, in a different time zone, accesses the documents at their convenience, reviews them, and electronically signs the forms using their mobile device.
Seller signature
Once the buyer signs, the documents are automatically forwarded to the seller, who reviews and adds their electronic signature. All signatures are captured in the audit trail.
Finalization
After both parties have signed, the platform automatically emails the fully executed documents to Summit Realty Group, the buyer, the seller, and the title company.
The entire transaction is completed remotely, securely, and within a few hours, allowing Summit Realty Group to close the deal without delays and ensuring the buyer and seller can proceed without the need for in-person meetings.