Can You Close On a House Remotely?

House Remotely

Buying a home is daunting, especially if it’s your first time. There is so much planning, paperwork, and figuring out what to do to get the process started.

While buying a home can be overwhelming, closing on a house is typically your favorite step. Closing is when you’re finally handed the keys to your new home.

Yet, despite the joy of closing, some paperwork must be done before you can break ground and move into your new space. For example, you typically must attend closing in person to sign your paperwork.

Can you close on a house remotely? Check out what you need to know here.

What Is a Remote House Closing?

Closing on a house remotely, also known as a remote house closing, is completing the final steps of a real estate transaction from a distance. With the advancement of technology, buyers and sellers no longer have to be present to sign documents and transfer funds physically.

This allows for a more convenient and efficient closing process. This is for those unable to travel or purchase a property in a different location.

However, remote house closings still require careful planning, communication, and secure digital platforms to ensure a smooth and successful transaction. 

How Does It Work?

You’ll go through many of the same stages for a conventional property purchase while buying a house online.

Purchasing a home is primarily a business transaction. A valuable asset (a house) is exchanged for another help (money). It involves a contract (the mortgage agreement) and a ton of paperwork to keep track of who owns what and to record what is happening.

Remote closing requires the following:

  • ID photo issued by the government (such as a passport or driver’s license)
  • wire transfer amount
  • e-signed sales documents and notarized (if necessary)

Cash buyer of homes have an advantage as they do not need to secure financing or go through the lengthy mortgage approval process. They can wire the funds to the appropriate parties and electronically sign all necessary documents. 

Remote Online Notarization (Ron)

Even if you choose a remote closing, you must authenticate your identity and sign all necessary closing paperwork. RON can help in this situation.

RON provides the best remote closure experience. You never show up in person to complete any transactions, provide identification, sign documents, or have them notarized.

Instead, you connect to a video chat (using Skype, Zoom, or another video conferencing tool), show a representative from the title business and a notary your government-issued ID, and digitally sign all of your documents.

In-Person E-notarization (Ipen)

You will need paperwork to get notarized, whether participating in a closing in person or virtually. IPEN allows for the electronic notarization of those documents during a face-to-face appointment with a notary.

IPEN differs from traditional notarization in that it notarizes electronic documents using digital signatures and stamps instead of actual notary stamps, pens, and paper.

Understanding the Question, “Can You Close on a House Remotely?”

Can you close on a house remotely? It is a viable option for those unable to attend the traditional in-person closing. With advancements in technology and the availability of virtual platforms, the process has become more efficient and convenient.

However, it is essential to carefully consider all factors before deciding. If you are considering a remote closing, do thorough research and consult a trusted real estate professional. 

Check out our other blog posts for more informative content.

Salina is a professional blogger and marketer. She has an excellent talent for writing. She is very much passionate about contributing her ideas on online platforms. Generally, she shared her thoughts on trendy topics such as health, beauty, travel, food, fashion, technology, business, finance, and so on.