April 9, 2020

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

We’ve been watching as real estate brokerages up and down the Hudson Valley and across the nation are ramping up their technology to offer virtual real estate transactions. They’re figuring out how to take clients through the entire process of buying and selling real estate as a way of practicing social distancing, especially since the state has designated real estate as “Essential”, yet forbidden us to conduct face to face transactions. Try working that one out!

Pardon me, but here at Global Property Systems, we’ve been conducting virtual real estate transactions for years.

As a real estate brokerage with a focus on international business, we learned very early how to do business without a physical handshake at every stage of the process. All our agents work in home offices located in regions where they are local area experts. Clients can consult with them virtually via video conferencing, email and even video text to determine their home buying or selling options.

As our agents are our"boots on the ground, they are supported by a complete international marketing team who handle every aspect of presenting homes on websites around the world.

Likewise, our preferred lenders can also consult with buyers, to accurately determine their borrowing capacity and be fully pre-approved without ever meeting.

Buyers have free, unlimited access to our personalized home search tool from the comfort of their current home. They receive detailed, accurate information on properties that match their preferences. They can also virtually view any of our listings through the virtual tours on the property’s unique websites.

We have a group of trusted home inspectors who can provide detailed information video and online walk-throughs about a property’s condition without buyers at the site.

Paperwork for transactions is handled by digital communications throughout every stage of the deal, including electronic signatures and written approvals. Financial transactions are handled via direct wire transfers between buyer and seller. This includes blockchain technology which guarantees secure exchanges every step of the way.

Closings too are handled virtually, using Zoom or other digital conferencing applications. Our team of trusted attorneys has been handling virtual closings for years.

We are glad to see the rest of our industry getting up to speed technologically. Perhaps this will be a positive outcome of this otherwise devastating pandemic.

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