The short answer is, yes. It is definitely possible to close on a property without physically being there. Modern technology has expanded the available conveniences from online notary services and electronic signature software to opting to be represented by someone else via Power of Attorney. Many of my clients who have moved out of NYC decide to close virtually, and perhaps one of the following methods might be the best fit for you!

Online & Virtual Services

One of the easiest solutions for anyone looking to close remotely is the usage of Electronic Signatures. Digital signatures, aka dry signatures, are often used for the less pressing documents throughout the closing process in order to prevent all of the signatures from being done at the very end. Other parties involved often take this approach as well, saving the time & effort of trying to schedule an in-person meeting for everyone to sign the documents simultaneously; however, many instances still require that some documents be signed by hand. These "wet signatures" are often required for closing statements or other items that vary state by state. Most closures allow for a hybrid mix of wet & dry signatures.

Online notary services have also become more commonplace, particularly since the pandemic. Several relatively new laws and regulations have been implemented to accommodate this since many in-person activities were restricted in recent years. These online notaries still provide the same sense of security & credible ID verification as an in-person notary, sometimes beginning the service with a video meeting for added verification. The signer is often asked further questions to complete their verification, and then the signer & notary both provide digital signatures once verification is complete.

Sometimes the actual closing meeting itself will be held virtually as well via video conference. E-mortgages are also sometimes accepted.

Power Of Attorney

Undoubtedly, the most hands-off approach would be to enlist the assistance of a trusted professional by utilizing power of attorney. Power of attorney can be assigned to a real estate broker, listing agent, attorney or lawyer, granting them the ability to handle all transactions for the close on your behalf. 

To ensure the safety of the client, these transactions are often done under the umbrella of limited power of attorney. This type of authority will usually specify that the lawyer, broker, or other trusted designation will have the ability to act on the seller's behalf only in regard to the selling of this specific property. The limited power of attorney also sometimes details specific terms that the seller will accept.

Though operating under the power of attorney is certainly the most convenient option for remote closings, it should be noted that this option should be granted to individuals who are extremely trustworthy. Whoever you decide to entrust with this position will be conducting everything on your behalf; you won't be required to sign a single document.

It should also be noted that remote closings are not legal everywhere. Some states may still require you to attend in-person or have certain documents signed, or notarized, with a physical signature. New York & Florida both allow for virtual closings, though some of their documents may still require a physical  signature.