Product Updates
April 23, 2021

What’s New: Condo Resale Contract, Seller’s Disclosure, Text Notifications, and More

Lindsey Hood
,
Marketing Manager

Over the past few weeks, our team has been working hard to expand our product capabilities and improve the overall experience for our users.

In our most recent releases, we’ve enabled condominium resale transactions, introduced new promulgated forms, focused on creating an optimal offer experience for listing agents without a Jointly account, and more.

Let’s see what’s new!

Introducing Residential Condominium Resale Contracts

We’re excited to announce that our platform can now service the purchase and sale of previously owned condominium properties. Just as you can with single-family home resales, you can now use Jointly to draft and receive offers on residential condominium resale listings.

On the listing side, when you claim your listing, you’ll now see that you have the option to choose between a “Single Family Home - Resale” and “Condo/Townhome - Resale” property type. If your listing is a condominium resale, the condo option will be selected by default.

The same applies on the buy side. When you start to draft an offer on a condominium resale property, the “Condo/Townhome - Resale” property type will automatically be selected.

In either case, Jointly will pull in the necessary forms required for a condominium resale transaction. This includes the TREC Residential Condominium Contract (Resale).

New form update: TREC Seller’s Disclosure Notice

With our latest release, clients can now complete their TREC Seller’s Disclosure Notice on Jointly. As a listing agent, when you claim your listing, you’ll have the option to assign the completion of the Seller’s Disclosure to your client.

After you complete the “Listing Information” and “Tell Us About Your Client” sections, you’ll be prompted to select any additional documents you or your client will need to fill out. Here you’ll be able to select the Seller’s Disclosure Notice.

When the Seller’s Disclosure is selected, your client will be notified that the document requires their completion. They’ll then be able to fill in a digital version of the form on Jointly and their responses will automatically be mapped to the TREC Seller’s Disclosure Notice PDF form.

Our team is also working to implement the TAR Seller’s Disclosure Notice, which should be released on Jointly within the coming weeks. Stay tuned!

One-click offer access for listing agents

We’ve revamped the offer experience for listing agents who don’t have a Jointly account. Now, listing agents without a Jointly account can easily view offers submitted to them through Jointly with just one click.

The improved experience alerts listing agents of a new offer by email and text and directs them to a high-level offer summary page. On the offer summary page, they can view key offer terms, review the full PDF and any attached documents, and share and present the offer with clients—all without having to create a Jointly account.

If you’re a buyer’s agent who uses Jointly to submit offers to listing agents who don’t have a Jointly account, you’ll still receive updates when the listing agent views and presents the offer to their client.

Text notifications to clear the clutter in your inbox

We’ve implemented text notifications so you can quickly see what’s happening with your deals without having to open your email. Now you can opt to receive real-time offer status updates via text, email, or both. Keep you and your clients in the loop without cluttering up your inbox.

Text notifications will be turned on by default if you’ve added your phone number to your Jointly account. You can add your phone number and manage your notification preferences by clicking “Profile” and “Manage Profile” on the left hand navigation menu.

Updated TREC forms are live as of April 1, 2021

The recently updated TREC forms are live on Jointly as of April 1, 2021. Newly updated forms on the Jointly platform include the:

  • One to Four Family Residential Contract (Resale)
  • Residential Condominium Contract (Resale)
  • Addendum for Property Subject to Mandatory Membership in a Property Owners Association
  • Notice of Buyer’s Termination of Contract
  • Addendum Regarding Residential Leases
  • Addendum Regarding Fixture Leases

As of April 1, 2021, Texas real estate agents are required to use the new TREC forms. Fortunately, when you use Jointly to draft offers, you can rest assured you’ll have access to the most up-to-date forms. Get a closer look at what’s changed in the new One to Four Family Residential Contract (Resale).

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