Wet Signature Requirement on Purchase & Sale Agreements: What You Need to Know


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I wanted to give you a heads-up about an important change in real estate transactions. When it comes to private sale transactions—those where the seller isn’t working with a licensed Realtor®—there's a higher risk of fraud and coercion compared to properties listed through the Multiple Listing Service (MLS).

What's Changing and Why?

To tackle this issue and ensure that everyone’s signatures on the purchase agreement are genuine and voluntary, there's a new rule in place. Effective immediately, wet signatures from all buyers, sellers, and witnesses are required on the purchase and sale agreement for privately sold properties. That means everyone involved must sign in ink—e-signatures won’t be accepted.

Why It's Worth the Risk to Hire a Realtor

Hiring a Realtor® when listing your property is not just a safer option; it's also financially beneficial. Statistics show that homes listed with a Realtor® typically sell for more money compared to those sold privately. Beyond the financial gain, a realtor provides you with expertise, market knowledge, and negotiation skills that ensure you get the best deal possible.

Moreover, selling your home without a Realtor® can put you and your family at risk. If you’re sued during the transaction process, you might not be covered by insurance, potentially leaving you vulnerable to significant financial losses. A realtor offers a layer of protection, ensuring that all legal and procedural steps are correctly followed, thus reducing your liability.

In summary, while selling privately might seem appealing, the benefits of working with a professional Realtor® far outweigh the risks. From securing a better price to protecting your family’s financial well-being, hiring a Realtor® is a smart and safe choice.

Get Your Free Home Equity Check Today!

Curious about how much your home is worth in today’s market? Don’t leave money on the table or put your family at risk—contact me today for a free home equity check. With my expertise, I can provide you with an accurate assessment and guide you through the process of selling your home safely and profitably. Let’s work together to ensure you get the best possible outcome for your property sale.

Jul 25, 2024

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