Overcome Real Estate’s Biggest Closing Challenges

Overcome Real Estate’s Biggest Closing Challenges

Apr 24, 2018

Choosing the perfect house is no easy task, especially when it comes time to finally close. This process can take a long time for clients to successfully provide the needed requirements and documentations. Read on to see how to solve the six biggest closing challenges.

  • Rudimentary security. Often times important information is tossed around to a variety of people; this brings up an issue of security. Lost or mishandled information can compromise deals and client trust.
  • Fractured process. Real estate agents may need to sift through a countless number of paper files. This can leave both sides with stress as they come closer to closing time.
  • A black box. It is a difficult assignment for real estate agents to be on top of each individual file and to keep track of each process. This leaves clients with limited information.
  • Lack of accountability. A deal can slow down while waiting for certain individuals to play their role in the matter. It leaves the deal stalled until someone takes accountability.
  • Hampered collaboration. Along with the obvious need of a real estate agent, closings may require lawyers, inspectors, lenders, homeowner insurance, title companies, home warranty professionals and more. Closings could be a lot more efficient and quick if everyone could visualize the stages of the project in real time.
  • Anonymous service providers. There is a need to easily choose from a variety of service providers and see their reviews and reputation.
  • A digital solution

    One solution to these major challenges are to use a cloud type of access for everyone involved in a house closing. Giving all the parties involved access to a shared dashboard can lead to more effective and smoother closings creating an easier and stress-free process. This allows us to leave our clients like you happy and satisfied.