A signing offer came through saying Buyers/Sellers cash deal, what does that mean exactly for a Notary Signing Agent?
Cash packages are usually smaller packages as there is no loan docs.
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Yoli’s right, but it sounds like you’re gonna have 'em all at the table together. It can get ‘interesting’ in lots of ways or be very quick & easy. You’ll never know until you’re there.
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I rarely have a signing that includes buyers and sellers together. They are smaller packages and depending on what state the property is in, you may need to review the documents and ask questions of title before you go. And there are IRS forms that are worded TERRIBLE so the signer sometimes asks and you can’t ever tell them how to answer those questions. All you can do is tell them to call title if they want help. If both sellers and buyers are present I charge double. But I rarely see that.
Thank you very much for your response. The thought of having the both of them there seemed a little intimidating. I really wasnt sure that, that was what it meant, though it did say buyers/ seller.
I did mark myself as available, though I was intimidated by the thought of having the both of them. I didnt get the job but was going to look at it as experience learned. Good to know cash deals are less paperwork, makes sense.
buyer/seller docs are smaller not necessarily because they are cash deals. Seller packages are smaller than buyer - but that’s a generalization.
As a 40 year real estate broker, in the past most closings in our state had both parties and their respective agents, and often the loan officer were at the table. There were occasional problems where the parties needed to be seperated, but overall it was pleasant. Covid changed that. Now there are more off site, single party closings.
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