Virtual Closings & Remote Online Notarization (RON) Options in Miami: What You Need to Know
May 22, 2023
The real estate industry has been revolutionized by the emergence of virtual closings and remote online notarization (RON) options in Miami. This advancement has created a novel and exciting way to purchase real estate, allowing buyers and sellers to conduct their transactions without the need for an in-person interaction.
Virtual closings and RON offer a safe, secure, and convenient way to close on a property without setting foot inside a title agency office. With virtual closings and RON, the entire closing process can be handled remotely. Buyers and sellers can sign documents electronically, and the title search, title insurance, and deed recording can all be completed without the need for physical documents or signatures.
The advantages of virtual closings and RON are numerous. For starters, it eliminates the hassle of having to travel to a title office to sign documents, which can be time-consuming and inconvenient. Additionally, virtual closings can save buyers and sellers from incurring additional costs due to travel expenses. Furthermore, it reduces the risk of closing delays due to inclement weather or unexpected events. Moreover, virtual closings and RON offer an extra layer of security since documents are electronically signed and stored.
In Miami, virtual closings are available through most major banks and title companies. Buyers and sellers can also choose to conduct their closings through a remote online notary (RON), which is a licensed notary that conducts closings remotely via videoconferencing. RONs are typically more expensive than traditional in-person notaries, but provide buyers and sellers with increased convenience and flexibility.
Virtual closings and RON provide buyers and sellers with a safe and secure way to close on their properties. With the ability to conduct their closings from anywhere with an internet connection, buyers and sellers have the power and convenience to purchase real estate without having to physically visit a title agency office.