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Lone Wolf Provides Agent Business Bundle for $199 Per Year
One of the outstanding opportunities created by the large scale of a company is the ability to bundle services that deliver outstanding value to customers. Lone Wolf is the largest software provider in the real estate industry with a wide variety of software services to suit MLSs, associations, brokers, teams, agents and transaction coordinators. At the National Association of REALTORS® Legislative Meetings in Washington, D.C., Lone Wolf announced that associations representing over 665,000 agents in the U.S. have renewed Transactions (zipForm Edition) as a member benefit. As a sweetener, some of those associations also opted to receive full transaction capabilities, along with eSignature from zipLogix Digital Ink (powered by Authentisign), LionDesk CRM, and the zipForm Mobile app. If you will recall, before NAR sold zipLogix to Lone Wolf, Transactions (zipForm Edition) was a member benefit of NAR known as zipForm Plus. Now agents/associations need to pay for the service again. The Bundle For those agents who are not in a market where their state association, local association or MLS has renewed with Lone Wolf, two bundles are being made available for agents—the base member benefit for $179 per year, and the premium bundle for $199 per year. This bundle contains the LionDesk CRM—another company acquired by Lone Wolf—as well as the built-in eSignature solution, zipLogix Digital Ink (powered by Authentisign). It is a lot of software for a pretty low price: Transaction Management Forms Management Unlimited Document Storage eSignatures CRM In addition to the low price, agents and their clients will have access to the Lone Wolf Marketplace, making it easy to order title service, home warranty, insurance quotes, and integrated applications like Earnnest (safe earnest money solution), Updater (moving concierge), RentSpree (rental marketplace), and Seller Shield (disclosures). To view the original article, visit the WAV Group blog.
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Can a Buyer Back Out of a Home Purchase Contract?
Ever have a buyer client that wanted to back out of their contract? Share the article below with them to help them understand the legal ramifications and what their options are: In an intense seller's market, it's not unusual to see buyers waive contingencies or place an offer on a house sight unseen -- both of which can lead to buyer's remorse. Once a buyer's offer is accepted by the seller, the buyer is contractually obligated to the home purchase. Or are they? When you're in the market to buy a home, it's important to know the options you have to get out of a contract without facing legal troubles. Not all options alleviate the risk though, so here's what could leave a buyer off the hook — and legally vulnerable — in the event you want to walk away. Inspection Contingencies One of the most common contingencies in real estate is known as an inspection contingency. A home inspection contingency essentially states that the purchase of a home is dependent on the results from the home inspection. The right to an inspection exists to protect buyers from purchasing a home with substantial (and potentially expensive) faults. However, the right to inspect must be specified in the purchase contract in order for a buyer to have the opportunity to inspect. This critical contingency often provides buyers with the opportunity to terminate a purchase if they are not satisfied with the inspection and condition of the property. In this intense seller's market with bidding wars becoming more common, some buyers have opted to forego inspection as a way to stand out from the crowd and maximize the chance theirs is the offer that's accepted. The risk in this strategy is that a buyer could purchase a home with several substantial problems and looming repairs. While it may help you win a bidding war, foregoing the inspection contingency will often offer more risk than reward. By keeping an inspection contingency in the offer, buyers could potentially back out of a contract. Appraisal Contingencies Without a doubt, the most common contingency that buyers are waiving right now is the appraisal contingency. In many markets, appraisal gaps have become a common tool buyers use to negate a low appraisal. And while including an appraisal gap can certainly help an offer compete against the crowd in a multiple offer scenario, it's a risky strategy for buyers. Appraisals exist to ensure buyers don't overpay for a home and also offer an "out" for buyers if the home appraised for less than the purchase price. Typically, when an appraisal comes in low, buyers have the opportunity to back out of the contract or negotiate a lower purchase price. However, if buyers include an appraisal gap in their offer, they could potentially lose the ability to terminate based on appraisal. Other Reasons a Buyer Might Back Out And while inspection and appraisals are the common reasons for backing out of a contract, there are certainly other scenarios that arise that cause a buyer to terminate: Time Is of the Essence – In every contract, there are typically deadlines for both the buyer and seller to meet. If a buyer has fulfilled their obligations but the seller has not and the transaction does not close on time, a buyer could potentially back out of the purchase. Death of the Buyer – In many states, if the buyer dies prior to closing, the purchase is terminated. It's important to consult an attorney if the estate has any obligation to complete the purchase. Loss of Job – Most contracts that involve the buyer obtaining a loan include a financing contingency. If a buyer is unable to obtain loan approval, then this contingency typically gives them the right to terminate since they are not able to financially purchase the home. Beyond credit issues, a common reason for loan denial is when the buyer loses a job during the course of the transaction prior to closing. Specific Contingencies – For example, if a buyer makes an offer sight unseen, they can include a contingency that the offer is subject to their viewing and approval of the property. If they aren't satisfied, they may be able to back out. Other specific contingencies can exist on a case-by-case basis, so consult your real estate agent. Things to Know BEFORE You Back Out of a Contract Keep in mind, as a buyer, you've signed a legally binding contract. It's critical to read the entire contract and all the fine print before signing and making an offer to the seller! While there are quite a few protected scenarios where a buyer can legally back out of contract, there is also an important legal term buyers should be aware of: specific performance. A simple change of heart about purchasing a home may not be legally protected and could subject a buyer to a specific performance lawsuit. If a buyer wishes to terminate a contract, it's critical to consult a licensed attorney about the legal ramifications of that decision before terminating. It's important to note that even if you're working with a buyer's agent, they are not allowed to give legal advice. If you or anyone you know is in the market for a new home, check out the Homes.com comprehensive How To guides that walk you through the home buying, selling, and financing process step by step. To view the original article, visit the Homes.com blog.
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RPR Zips You through zipForm Integration
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How to Take Advantage of the RPR and zipLogix Integration
Big things do come in small packages. And when those simple, lightbulb kind of innovations do come our way, they are likely welcome changes to the ways in which we conduct business. Such is the case with one of the more popular features offered by Realtors Property Resource® (RPR®)––with notable regard for listing agents. Through a partnership with zipForm®, the nation's leading online real estate forms provider, REALTORS® who use zipForm® and RPR can easily jump between the two platforms via one simple click, providing instant access to forms and property data needed to complete your transaction. Moreso, the integration allows REALTORS® to create new zipForm transactions using auto-populated public records from RPR. The partnership is a neatly packaged bundle of benefits that not only saves time but alleviates the pain points of having to use two of real estate's most powerful platforms independent of one another. Here's how to maximize the integration to your advantage in two minutes or less... Set up the Integration Sign onto RPR at narrpr.com. Search for your subject property. Then, from the RPR Property Details page, most REALTORS® using zipForm will automatically see the zipForm Transactions button. If not, connect by way of your RPR User Profile. Choose Link Accounts and a series of simple prompts will help begin the process. Once complete, the zipForm Transactions button will display on the RPR Property Details page. You will then have the option to: Go to specific transactions for that property address in zipForm® Start a new transaction for the street address pulled up in RPR Go to the RPR homepage
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Keep Yourself Trending with the NEW zipForm® Mobile
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Getting the Most out of the RPR/zipForm Partnership
Tuesday, February 21, 2017 at 10:00 AM PST We're working to help streamline your business! RPR and zipForm have come together to help you get the most of out of these two powerful REALTOR business tools. RPR is NAR's wholly owned subsidiary and is a national property database, offering a large range of data, tools and reports to better serve your clients and customers. zipForm® is the Exclusive and Official forms software of the National Association of REALTORS®. We'll show you how to seamlessly move between RPR and zipForm to improve your business efficiencies. Register now!
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7 Apps that Make Dealing with PDFs Easy
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Five Fabulous Features of zipForm Plus (9/20)
Tuesday, September 20, 2016 at 8:00 AM PDT zipForm® Plus was created to deliver the tools real estate professionals need and rely on to empower them to accomplish more in less time. Just a few of the many fabulous features of zipForm® Plus will be presented in today's webinar. Add forms to your transactions using time saving templates Give your clients a preview of how much their monthly payment could be with our Mortgage Calculator Fill out forms quickly using the Fast Fill button Integrate various document types with our Cloud integration feature Split your PDF documents to work with specific pages Register now!
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zipForm Plus Timely Tips and Tricks (9/14)
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Learn Simple Paperless Transaction Processes with zipForm® Plus (8/29)
Monday, August 29, 2016 at 11:00 AM PDT Use zipForm® Plus and it's time-saving features to get you up and running for your next deal! Enhanced User Interface, E-Signature Integration, Notifications, and Advanced Search Tools are all available to help create a smooth transaction process. Build consistency with time-saving templates Complete forms with Cloud Integration capabilities Capture contact information from popular integration providers Register now!
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Transaction Management made easy: NAR & zipLogix New Member Benefit (8/22)
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Learn simple Paperless Transaction processes with zipForm® Plus (8/15)
Monday, August 15, 2016 at 9:00 AM PDT Use zipForm® Plus and it's time-saving features to get you up and running for your next deal! Enhanced User Interface, E-Signature Integration, Notifications, and Advanced Search Tools are all available to help create a smooth transaction process. Build consistency with time-saving templates Complete forms with Cloud Integration capabilities Capture contact information from popular integration providers Register now!
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zipForm® Plus and Paperless Transactions (6/15)
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Automate Your Business with zipForm® Plus and Zapier
Most people have heard the devil is in the details, and to achieve success, the goal is to eliminate that devil. For real estate professionals, these smaller details--like keeping address books synchronized--can become a large nuisance. To help with this, zipForm® Plus has integrated with Zapier. Zapier specializes in connecting web applications using 'If This, Then That' automation. This enables anyone with basic knowledge of multiple applications to easily connect them by defining a trigger. Currently, 360+ of the most common applications are available to connect immediately in ways that can make you a champion of multi-tasking. zipForm® Plus has joined the large group of web applications that is ready to connect within a few steps. Some of the applications that are sure to be the staples of real estate professionals are LinkedIn, Twitter, Office 360, Gmail and Exchange. Just imagine the ability to add a contact to your Gmail account, then have that information delivered to your zipForm® Plus address book only saving it once. Each connection created is called a 'Zap' and creating these connections is simple. See some of the following 'Zaps' are waiting for you in Zapier today: If a new contact is added to zipForm® Plus, Then an invite is sent to connect on LinkedIn If a new contact is added to zipForm® Plus, Then add that contact to Contactually If a new contact is added to Gmail contacts, Then add the contact to the zipForm® Plus address book If a new contact is added to zipForm® Plus, Then create a Evernote note for that contact
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The Plus Side of Auto-Populating Forms (and the pitfalls!)
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New Features Added to zipForm® Plus
zipForm® has always been a powerful solution, if sometimes overwhelming to use. That all changed last year, though, when zipLogix released an overhaul that made their flagship product much more user friendly. Dubbed zipForm® Plus, the updated program featured a more attractive and intuitive user interface than its predecessor, zipForm® 6. Thankfully, zipLogix is frequently issuing updates to the new program, calling it "a vital part of the promise we made when zipForm Plus was released." Last month, zipLogix release two major updates to the program that further streamline the user experience. Here's a quick overview: Embedded eSignatures Users no longer need to switch to their eSignature program when it comes time to sign a document. Signature solutions are now completely embedded, meaning that users can send documents, modify signatures, add documents, and check signature status without leaving zipForm® Plus. The entire process is now contained within the program's interface.
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Using Your iPad with Buyers
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Product Review: Form Simplicity
There is a world of solutions available to agents and brokers. It's no surprise, though--real estate is one of the largest sectors of our economy, and many technology companies have recognized our industry for the opportunity that it offers. While there are plenty of solutions offered by industry "outsiders," a smaller number are created by professionals with hands-on real estate experience. Today, we're going to introduce you to one such solution. Form Simplicity is a transaction management solution created by a professional real estate organization, Florida Realtors®. Its ongoing development is, in part, shaped by a panel of REALTOR® members who ensure that the program stays in step with what agents and brokers need to be successful. A Closer Look True to its name, Form Simplicity is simple. Right from the home page, users will notice its pared down interface that offers only what agents need to work fast.
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Product Review: Form Simplicity
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A Closer Look at zipForm® Mobile
We recently published a product review of the new zipForm® Plus. In this overview, we briefly mention zipForm® Mobile, but the reference seems too small for such a big component of this popular tool. We decided to take a few moments to take a closer look at the mobile version of zipForm®. Forms, new transactions, and other changes made on the zipForm® Mobile solution are automatically synced with your zipForm® online account, so your information is current no matter where you are. Another helpful feature for on-the-go agents is the ability to access the important information about a transaction, such as property information, seller and buyer information, key dates (such as listing date and offer date), and listing price. And, of course, you can create and edit forms to your heart's content on your tablet or smartphone. Let's discuss some of the most important mobile capabilities. In-person signatures: TouchSign® allows parties to sign forms directly on touchscreen tablets. Signatures are made using a finger or stylus, similar to good old pen and ink signatures. Access to forms and transactions: Access any and all of your forms and transactions. You can create new transactions or choose from your 200 most recent transactions on a scrollable list. Electronic Signature access: From a tablet, you can send transactions for signing and check the status of documents awaiting signatures. This feature is available for users that currently subscribe to an integrated solution or have access with their member benefit.
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Closing the Circle with Electronic Signatures
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zipForm Plus - Beginning Training (1/29)
Wednesday, January 29, 2014 3:00 PM - 4:00 PM EST Join our training to learn more about how to access zipForm Plus, and how to use the new zipForm Plus features, including: HTML 5 technology - no more plugins! Easy and fast form filling Personalized files and emails Full screen form- filling capability Real-time search eSign integration File and organize documents and forms Learn how to search for files, fill out forms, and send via email, fax, or eSign! Register now!
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Product Review: zipForm® Plus
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Cartavi Adds Gusto to Version 3.3
Since being acquired by DocuSign, Cartavi has been working away at developing the golden triangle of the real estate document management echo system: Forms, Signature, and Storage. Better yet, they focus on making it happen on mobile first. Before this new release, signing a document was kind of clunky. You had to open your document in DocuSign, add signatures, sign it, then pull the completed document back into Cartavi. Now, you can sign any document right inside of Cartavi using DocuSign Ink. They took a complicated workflow and narrowed it down. When you look at a document today in Cartavi, just hit the 'Sign It' button. Then the menu items for managing names and signatures appears. Drag them where they go on the document, and sign it. New Integrations You may know that Cartavi is among the few document management companies to have acquired the license to integrate zipForms from zipLogix into their platform. The new signature workflow is going to make working with zipForms even easier.
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Agents as Liaison between Client and Contract
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Product Tour: zipForm 6 Professional
For most new homeowners, the most challenging, tedious, and confusing part of their real estate transaction was the paperwork. As a real estate professional, it's your job to simplify that process as much as possible. But who is making it easier for you? One product aiming to do just that is zipForm 6 Professional. Hardly a new name in the industry, zipLogix is constantly improving their flagship forms solution, as is evident in its current generation. So please join us for a tour of zipForm 6 Professional. Creating a New Transaction with zipForm 6 Professional zipForm 6 Professional opens on a list of your transactions. From there, you can easily access any transaction that requires attention, or you can create a new transaction. We created a new transaction to see what the process was like. When creating a zipForm 6 Professional account, the appropriate forms will be added to your account based on current membership status with your Association or MLS. Thus, when you create a new transaction, the lists of forms you need are assembled for you. From the forms list, you can click or drag the forms you need in your transaction file. Note: Should your broker provide you with an account, the libraries you will have access to will be selected by the administrative user of the brokerage account. Once forms have been selected, zipForm 6 makes it easy for you to populate the documents with client and transaction information. The biggest time saving feature is the automatic field population. Fill in one field and the information will find its way into other forms as you add them to the transaction. This is not fool proof because of the nature of some forms, though, so always go through all of your forms to be safe. This eliminates a lot of typing, but this is just the beginning. After working in a region for a time, you may find yourself typing the same cities or zip codes, which can get tedious. The look up fields feature will remember this common data and put them in an easy drop down menu within the form field. This information is automatically saved and is available for all transactions and forms. In addition, the look up fields database may also be customized as you like and can be locked to prevent the database from saving any more information.
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How to Make Loan Pre-approvals Work in Your Favor
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4 Steps to Find the Perfect Tenant
Rental professionals want to fill vacancies quickly – but not at the (significant) cost of choosing the wrong tenant. After all, what's the value of a tenant that does not pay their rent and fails to care for the property? Sometimes, the perfect tenant may seem elusive, but RentJuice is making the process easier with their "lead qualification kit." We'll share a few of the key steps here, but for the full scoop – including sample pre-qualifications questionnaire, rental application, rejection letter, and much more – download the free whitepaper. 1) Phone first. Meeting a prospective tenant in person requires a large time commitment. When you consider the fact that many of the people who contact you about the property will not be qualified, it's easy to see that in-person meetings with each and every one of them can become a major waste of time. This is why RentJuice recommends running through some basic pre-qualification questions over the phone before scheduling a showing. (They've included sample pre-qualification questions in their whitepaper.) If a phone interview reveals that the prospective tenant is qualified for the property in question, invite them to a showing. If they are not a good fit for this particular property, but they have potential for future properties, gather their information into a lead tracking system and tell them you'll keep them at the top of your list for a better fit. 2) Meet in person at a showing. As we mentioned above, if a prospect sounds qualified over the phone, your next step should be to schedule a showing. RentJuice says, "Don't skip this step, no matter how perfect prospective renters sound during pre-qualification." RentJuice offers some other interesting tips for showings: Invite several prospective renters to the same showing. This increases their interest in the property and creates a sense of urgency to move through the application process. Offer applications right at the showing. (You can find a sample application in the RentJuice whitepaper.)
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Are You Meeting Your Goals for 2011?
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