Purchase Agreement
Core contract specifying price, contingencies, closing date, and obligations; must include accurate legal property description.
Using eSigned buyer documents reduces in-person bottlenecks, creates a searchable audit trail, and helps align signatures from buyers, brokers, lenders, and title companies while meeting ESIGN/UETA legal standards.
Common participants include buyers, listing and buyer agents, lenders, escrow or title officers, and occasionally closing attorneys; each has distinct responsibilities when completing electronic documents.
Knowing each party’s role helps assign fields correctly, set signing order, and reduce post-signing corrections that delay closing.
Tim Martin, Founder of Martin Properties, manages remote buyer closings and reports that completing and securing buyer documents online produces consistent compliance records and reduces scheduling friction for out-of-state purchasers.
Kodi-Marie Evans, Director of NetSuite Operations at Xerox, integrates eSignature workflows into enterprise systems to ensure signed buyer authorizations and closing exceptions are captured and tracked in the company’s document repository.
Martin Properties moved closings fully online to accommodate remote buyers and reduce scheduling conflicts.
Xerox integrated eSignatures with NetSuite to automate buyer authorization capture for corporate relocations.
Core contract specifying price, contingencies, closing date, and obligations; must include accurate legal property description.
Statutory property condition and lead-based paint disclosures as required by state and federal law.
Contingency language for loan approval and timeline for buyer’s financing obligations and deadlines.
Buyer or payee tax forms when closing requires payee identification for settlement statements.
Deed preparation, notary blocks, and any local recording requirements for the county recorder.
Signed certificate with timestamps, IP addresses, and signer attribution for chain-of-custody.
Due per contract, often within 1–5 business days.
Buyer typically has 7–14 days to inspect property.
Deadline for financing approval per the addendum.
Date when funds, signatures, and deed exchange occur.
Deed recorded typically within days of funding.
| Field | Configuration |
|---|---|
| Authentication | Email plus optional SMS code |
| Date Format | MM/DD/YYYY enforced |
| Conditional Logic | Show financing fields only if selected |
| Audit Trail | Enable detailed timestamps and IP logging |
Choose a platform that supports common integrations and secure file formats used in real estate closings.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA) | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies | Varies | Varies |