It is often an overwhelming, long and stressful process to find the home of your dreams, especially if you are a first-time home-buyer. Real estate matters are complex and can be intimidating, so it is important that you have a legal professional working with you to ensure that the documentation is correctly prepared and registered.
Notaries ease legal matters in residential property transactions. When you engage the services of a notary they will navigate you through the difficult process so that the transaction can be completed with the least amount of stress. The notary makes sure that the legal documents comply with the land title office requirements. Learn more about the importance of the notary in a real estate transaction.
Bridge between buyer and seller
From home buying and selling to mortgages, your notary reviews it all with a critical eye so that there will be any problems at a later date. Your notary represents you, with your best interests in mind. It is entirely your decision or the other party you are dealing with (buyer or seller) to hire a notary. If you do so, it’s important to inform the realtor or mortgage broker. This builds respect, trust and understanding between all parties and matters proceed smoothly.
Proper Documentation and Paperwork
Your notary plays a central role in ensuring all your paperwork is filed, calculations are accurate and documentation is complete. Only after everything is double-checked and accurate will they allow the property to be transferred from seller to buyer. Whether it involves a real estate purchase, sale, or mortgage, they ensure the process is as stress-free as possible for you.
Proper Transaction and Payment
Both buying and selling real estate involves transaction of substantial amounts of money between complete strangers. It’s hard to trust the other party completely, no matter how reliable you’re told they are. Similarly, it’s hard for the other party to place their trust in you no matter how trustworthy you feel you are. Your notary intervenes to make transactions comfortable, safe and hassle-free. They make sure that the property is released with full and timely payment.
When should you hire a notary?
In a private purchase, it is crucial to hire a notary before signing the contract of purchase and sale. You will be advised on several legal matters which will assist you in making informed decisions.
It’s important to consult a notary before your home purchase so you can modify terms complying with the law if you need to. If a real estate broker is involved, the notary can help you in other ways. They can guide you through the financial aspects, check the validity of the contract’s terms and conditions, help you sort out legal issues.
We have been helping buyers and sellers in the Vancouver area with legal documents, real estate transactions, and official paperwork for more than 15 years. Our notary services range from establishing Powers of Attorney, statutory declarations, affidavits, to creating Wills.