With all the digital tools out there, you might think most people would jump at the chance for a completely online real estate closing. But according to the latest survey by Solidifi, the majority of homebuyers still prefer the traditional, face-to-face approach when finalizing one of the biggest transactions of their lives.
Let’s dive into why!
Trust and Connection Matter Most!
The Solidifi 2022 Consumer Mortgage Experience Survey asked over 1,000 recent homebuyers across the U.S. about their closing preferences.
The results? A whopping 81% of borrowers said they prefer in-person closings.
Why? Because they value the clear communication and trust that come with face-to-face interactions. There's just something reassuring about being able to ask questions directly and see a friendly face guiding you through the process.
Paper vs. Digital: The Closing Dilemma
While digital tools are helpful, many borrowers still want that personal touch at closing. According to the survey:
- 60% prefer an entirely paper process.
- 15% like in-person electronic notarization (IPEN) with fully electronic documents.
- 25% prefer a hybrid approach, combining paper and digital documents.
Even Millennials, who are typically more tech-savvy, favored in-person closings with some digital enhancements!
It turns out, when it comes to real estate, people still want a bit of the old-school approach.
Mobile Notaries Are in High Demand!
While most homebuyers closed their purchase transactions in a title agent’s office, 71% of borrowers preferred a mobile notary for refinancing, and more than half would choose one for a home purchase.
Why? It’s all about convenience and flexibility—having a notary come to you means less hassle and more comfort in an already stressful process!
The Personal Touch Makes All the Difference!
Even as digital tools become more popular, results show that borrowers still value the personal experience of an in-person closing.
There’s something about being able to interact directly with a closing agent that makes people feel more confident and secure. The process isn't becoming less personal; it's actually getting more personal, with digital elements enhancing—not replacing—human connection.
Ready for a Smooth and Personal Closing Experience?
At Girl Friday Notary Services, I’m here to provide the best of both worlds: a personal, face-to-face closing experience with all the convenience you need. Whether you're looking for a traditional closing or a modern hybrid, I’m here to help make it smooth and stress-free!
Need a reliable notary for your next real estate transaction? Reach out today!
GIRL FRIDAY NOTARY SERVICES
Notarization may be boring, but I'm not!
253.208.2792
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