The outbreak of the corona virus may have slowed the world down, but that doesn’t mean that life has stopped. If you are about to sell your home, you may be concerned that you may need to put your safety at risk to finalize the deal. Fortunately, there have been some changes here in Florida recently that make it easier to sell your home, even during a pandemic. Remote Online Notarization (RON) is one way to sell your home and continue to maintain social distance recommendations.
Remote online authentication
Remote online authentication was authorized in Florida As of January 1, 2020. This was part of the passage of House bill 409. Before RON existed, the signer (the seller or the buyer) and the notary had to be physically together to sign documents. This age-old practice is no longer recommended today. According to the new ROZ law, interactive audio-video conferences can now replace physical meetings. The signer and the notary can now use audio and video communications to authenticate the signer’s electronic signature on electronic documents. Remote online authorization makes selling your home easier (and more secure) than ever.
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What you need to know about ROZ
Requirements for online authentication of documents
It is important to note that not every Florida notary can authenticate documents online. Before a notary in Florida can notarize a document online, he must meet the necessary requirements. For example, they have to follow a state-approved RON course. The course lasts two hours and requires registration fees to be paid. The Florida notary must also register with the state as an online notary.
Identity verification is required
The RON notary must verify the signer’s credentials in two steps: knowledge-based authentication and credential analysis. The undersigned must present a government issued ID to perform a “credential analysis” using third party technology that meets the requirements government requirements. Knowledge-based authentication (KBA) questions from public and private data sources are then used to ensure that the signer is who he claims to be.
Before real estate closings are completed and electronically notarized, the consent of all parties involved in the real estate transaction must be given. This includes the seller, buyer, borrower and lender. The mortgage lender must also approve and agree to the use of RON. If no consent is given, the real estate transaction can become invalid.
Notary block updated
The standard notary must now indicate whether the signatory has signed by physical presence or online authentication.
This is how you keep your home sale (mostly) contact-free
Although the inspections still need to be done in person, you can ensure that your home sale is an almost contactless transaction. Virtual staging and virtual advice are two great options to stay safe and do your home sales without contact. This also applies to private demonstrations by appointment and WiFi-enabled lockers.
Before you can get to the eClosing table (um – screen?), You need interested buyers. Virtual staging can help attract more offers and can be completed online. Our virtual staging team simply edits photos of your home to digitally add furniture and accessories. Unlike traditional staging, you don’t have to worry about moving something physically or coming into contact with others to stage your home. This is the best option to follow social distancing recommendations.
If you would like more information about selling your home in these unprecedented times, MHM Professional Staging is now offering virtual advice. These consultations last 30 to 45 minutes and are carried out using the zoom video conferencing software. During your consultation, we will explain ways you can prepare your home for the market by debugging it, staging it and doing inexpensive do-it-yourself work. We can also recommend important upgrades to make your home more attractive.
If you need to sell your home and want expert advice to get more deals, Contact us today to arrange a virtual consultation.
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