Can You Close on a New York Property Remotely?

Chris at Hauseit (https://www.hauseit.com) goes over whether home buyers and sellers can close on a property sale remotely in New York. It's clear you can e-sign the purchase contract and many documents, but are there any documents that require in-person or wet ink signatures? Are there any closing documents that require the presence of a notary?

Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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Yes, it's entirely possible to close on a New York property remotely. First, it's easy and legal to e-sign the purchase contract remotely, whether you're a buyer or a seller. You can be on vacation out of the city, state or country and still sign a contract. In fact, electronic signatures are valid in all 50 states.

However, as a buyer you may wish to stick around because you may want to personally attend the home inspection if you choose to get one, or you may simply wish to see the property again before signing a contract, or after the contract but during the inspection period in Florida.

Additionally, buyers and sellers should make sure that anything that does need to be physically signed or notarized be attended to prior to leaving for vacation out of the country. This includes a Power of Attorney if you don't plan on being able to make it to closing in-person, or if a remote notary closing isn't feasible while on vacation. You may also need to notarize certain documents in a condo or co-op's purchase application. So please make sure to get all of this done prior to departing the country.

In short, with careful planning, it's certainly possible to close on a home sale located in New York while you are traveling even out of the country. All it takes is some diligence in making sure you physically sign and notarize and documents where that is required, and you mail those to the appropriate parties and make sure they receive them prior to departing the country. You may also want to mail your keys to your real estate agent or attorney prior to leaving the country on vacation.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Learn how it works: https://www.hauseit.com/how-it-works/

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: [email protected]
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