Residential Real Estate Matters
Purchases, Sales, and Family Transfers
Buying or selling property is a major expense and a complex process. Your time is money and real estate transactions can be both complicated and involved. At Southridge Notary, we strive to provide a smooth and seamless process by guiding you through every step of the closing process. Having represented lenders, developers, builders, agents, purchasers, and sellers, I make it a priority to provide personal attention to each client from a closing’s beginning to its end.
WHEN SHOULD I CONTACT A NOTARY PUBLIC?
While it may be beneficial to contact a Notary Public earlier in the process, you should definitely reach out once subjects have been removed. Especially if it is a strata property as additional documents will have to be requested from the strata management company for review.
WHAT IS THE PROCESS OF WORKING WITH A NOTARY PUBLIC?
- Inform your realtor so that they can advise their brokerage.
- Inform your mortgage broker so that they can direct mortgage instructions.
- Arrange for home insurance for the new property.
WHAT CAN I EXPECT FROM MY NOTARY PUBLIC?
Once the Notary Public has received the Contract of Purchase and Sale and other documentation from the Buying and Listing realtor’s offices, we will conduct due diligence activities. Next, you will be contacted to provide more information so that the paperwork can be prepared. When the documents are ready, an appointment will be scheduled at the Notary Public’s office to review and sign them. You will need to bring two pieces of valid government-issued identification one being photo identification. Also, you may need to bring in a bank draft of the amount required to complete the transaction.
WHAT IS A COMPLETION DATE?
This is the closing date when ownership of the home is legally transferred to the buyer.
WHAT IS THE ADJUSTMENT DATE?
This is the date that is used to adjust taxes and fees between the buyer and seller.
WHAT IS THE POSSESSION DATE?
This is the date the seller gives the buyer physical possession of the property and is generally one or two days after the completion date.
Contact us if you have any additional questions.