What is a sales agreement in a Real Estate CRM and why is it important?
A sales agreement is the fundamental document in any real estate purchase or sale. A sales agreement contains all the details pertaining to the property and the mutually agreed upon terms between buyer and seller. These include details of the present owner, and past owner, property identification numbers, approvals from concerned government departments, any encumbrances that may exist, etc. It is a legally binding document on both buyer and seller, and so all care must be taken to ensure it is true and accurate in every way. Sales agreements are filed at the registrar’s office as per the Registration Act, 1908.
Agreements are quite costly to draw up as they invariably require the professional services of a lawyer and/or Chartered Accountant; thus, any error required to be corrected by the same professionals, which drives up the cost.
The cost of errors
In real estate transactions, agreements are complex documents that require meticulous preparation. Legacy processes, which often rely on manual efforts, are highly prone to human error, especially when sales agreements are handled by multiple salespersons. This inconsistency can lead to non-uniform contracts that deviate from standard practices, causing delays and complications.
To cut costs and expedite the process, some executives resort to photocopying common pages while creating original versions of the rest. This method may seem efficient at first, but it introduces substantial risk. A single missing or misordered page can result in significant issues down the line.
Real estate CRM systems are designed to eliminate such risks by ensuring the accuracy and uniformity of documents. They automate repetitive tasks, preventing manual mistakes and reducing the chance of errors that can arise during photocopying.
Additionally, one of the most frequent errors in agreement preparation is the mismatch between internal pages and covers, which must correspond precisely to the customer. Photocopying shortcuts can often overlook these critical details, leading to rejection by legal authorities.
This forces the document to be redrawn, which is both time-consuming and costly. With a reliable Real Estate CRM like eBuildAuto, companies can automate the agreement creation process, ensuring uniformity and accuracy. This not only saves time but also reduces the likelihood of costly legal amendments, making the entire process more efficient and foolproof.
Generate error-free sales agreements easily and quickly.
eBuildAuto Real Estate CRM eliminates all these potential pitfalls by capturing data from the original booking form, in effect providing you with a single source of truth. As the feature is integrated with Word, you can avail all the formatting features that Word offers, so you can add images (layout plans, RERA certificate, etc.) before generating.
As an optional feature, eBuildAuto enables you to edit the document even after it has been generated. And it allows the document to be locked, to prevent any chance of manipulation.
Positive Brand Recall
Given the importance of the sales agreement in real estate transactions, it is essential that the document be completely free from errors. Even a minor mistake can lead to delays, rework, and additional costs, but the damage extends beyond just time and money—it also affects the company’s reputation. A flawed or inconsistent sales agreement reflects poorly on the business, undermining trust with clients and stakeholders.
eBuildAuto Real Estate CRM addresses these challenges by offering powerful automated and formatting features. Its system ensures that agreements are generated quickly, consistently, and with high accuracy, reducing the risk of human error.
Additionally, the CRM’s security protocols guarantee that sensitive client information is protected throughout the document creation process. With eBuildAuto, real estate companies can maintain a professional image, streamline operations, and deliver a seamless customer experience.
Looking for ways to save time, money and raise efficiencies? eBuildAuto Real Estate CRM has been designed and built specifically to address the requirements for real estate developers and promoters. Contact us for a no-commitment demo today.
