In the ever-evolving landscape of residential real estate, ensuring secure, legal, and efficient transaction processes is paramount. One significant development has been the emergence of virtual signing, facilitated by Remote Online Notaries. But how does this new method stack up against the traditional wet signing process? Let’s dive in.
Wet Signing: Tradition Holds Strong
“Wet signing” may sound unfamiliar, but if you’ve ever inked your signature on a physical document, you’ve participated in it. This conventional method requires the signer and notary public to be in the same physical location. Documents are signed in ink, hence the term “wet.”
Pros:
- Tangible Experience: For many, there’s an inherent trust in the physical act of signing. You’re present, you see the notary stamp the document, and there’s a palpable sense of finality.
- Fewer Technical Hurdles: No need for internet access or digital tools. It’s straightforward and time-tested.
Cons:
- Less Convenient: Both parties must coordinate a mutual time and place. This can be challenging, especially if they’re located far from each other or have conflicting schedules.
- Environmental Impact: Paper usage and travel requirements can have environmental implications.
Remote Online Notary: The Digital Age Response
Also known as Remote Online Notary (RON), virtual signing lets signers and notaries complete the transaction online. With secure platforms, the signer electronically signs documents while the notary witnesses and applies an e-seal.
Pros:
- High Convenience: No need to leave your home. You can sign documents from anywhere with an internet connection, making it especially handy for those who are mobility-challenged or residing in different locations.
- Safety: In today’s health-conscious world, avoiding u1nnecessary physical interactions is a plus for some individuals.
- Efficiency: Some platforms allow for instant submission and storage of documents, streamlining the process.
Cons:
- Technology Requirements: Both parties need a stable internet connection and appropriate devices.
- Trust Concerns: As with any digital process, there might be worries about security, identity verification, and the validity of e-signatures.
Remote Online Notary: The Verdict
While wet signing has its merits and remains popular, the trend is undoubtedly leaning towards the convenience and efficiency of virtual signing. Iowa, like many states, has recognized the value of RON and has implemented regulations to ensure its secure use.
For residential real estate transactions, the choice between wet signing and virtual signing often comes down to personal preference and specific circumstances. If you’re an old-school individual who finds solace in the traditional process, wet signing might be for you. On the other hand, if you value flexibility and efficiency, RON is an excellent choice.
At Danilson Law, we’re equipped to facilitate both methods, ensuring your residential real estate transactions are seamless, secure, and compliant with Iowa’s laws. Whichever you choose, our dedicated team is here to guide you every step of the way.
Learn more about Danilson Law’s Remote Online Notary process.
