Highlands Ranch Realtor

Virtual Transactions for Colorado Real Estate

We recently (2006) completed a virtual transaction for a client that never saw her house, except via e-mail and virtual tours.

She was located in Anchorage and wanted to buy a home as a rental that her brother would look after here in Denver.

She agreed that if I could do the job, she would have me represent her as a Buyer's Agent. We started by getting the signed agency documents to her via e-mail as well as the required definitions etc. These were received back with her electronic signature and I did the same using my tablet PC.

We then connected her with a local lender that could do the loan electronically and with in a few days she had a pre-approved loan and a letter stating such.

The next step was to get the properties flowing her way. Having 4 different e-mail search engines at my disposal and knowing the OS she was using I decided on MyBuyingBuddy and shipped off 50 homes to sort through. She then sorted through and sent her brother her "top" candidates. He drove past all of them and selected 5 of the "best".

There was one that was the "best" and it was available so a showing to Mom & Dad & Brother & Sister in Law plus the kids was arranged (NONE of these folks will live here) and it was decided to present an offer.

So, we spoke on the phone and I got my directions, prepared the offer to buy and sent it via e-mail. We got the signed document back and forwarded it to the Listing agent across town. They forwarded it to the Seller, a bank. And within 24 hours we had a response and acceptance.

The inspection got done and it was attended by the brother but the report was sent to the buyer via e-mail.

The appraisal was ordered, and the documents assembled. They were all sent via e-mail and then signed in front of a notary in Alaska and then over night back to the title company while the funds were wired in.

Then I had to go to the title company, and sign one copy of a document and the deal was closed.

I met the Buyer at the house two weeks later when she came to town to see what she had purchased and to get it ready for the tenants.

Great meeting you in Denver, I appreciate all you have done and glad you
dropped by the house on Lima while I was there. I'll call if I ever
need a good realtor in that area again. You rate high on my list.

Ellen

Posted in 2006

Pete Doty has been a full time, licensed, Colorado Real Estate Broker since 1985
7851 South Elati Street, Suite 204, Littleton, Colorado 80120
Office 303-794-8900 Direct: 303-880-5585
email: Pete@DenverRelocation.com

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