It’s Time To Find A Real Estate Notary — Here’s Why
Our real estate notary and lawyers at Vancouver Downtown Notary are always aware of changing trends in the Vancouver real estate market and how they can affect potential clients like you.
As we approach the tail end of 2019, we are seeing great mortgage rates and decreasing prices for detached homes, a trend which usually indicates an opportunity for buyers to make their dream purchase.
According to the October 2019 statistics from Royal LePage, home prices in Greater Vancouver fell by 5.2% in the past year, while national prices rose by 1.4% overall.
The cause for the Vancouver real estate pricing drop amidst national trends upward can be attributed to factors like low unemployment, increasing wages and pent-up demand. This is great news for potential buyers of detached homes in Vancouver.
As a potential buyer, how should you prepare?
Many buyers looking to make a real estate purchase prefer to get a pre-approved mortgage so they can shop with a number in mind. It’s important to know your price range so you can make an educated decision.
But, even if you have a keen eye for detail, there are many elements of buying a home that you simply may not know how to observe. Many buyers hire a home inspector to ensure that the property they are purchasing does not have any major issues. Otherwise, it can be difficult to identify faults in the roofing, heating, electrical, or plumbing aspects of a home.
In addition to physical defects, there may also be legal complications that cannot be observed with the naked eye. In order to ensure that you have a clear picture of what you are buying and to avoid surprises, we highly recommend that you employ the services of a real estate lawyer.
Hire A Real Estate Notary Or Real Estate Lawyer
A real estate lawyer is able to provide legal advice, whereas a real estate notary public cannot. Both professions are able to help you with conveyancing, but a real estate notary cannot represent you in a claim against the other party, or in court
At Vancouver Downtown Notary, we employ real estate lawyers who are able to provide conveyancing services at competitive prices. Our lawyers are also able to provide legal advice if necessary. For example, if a seller signs a standard form brokerage agreement that does not deal with a number of legal problems, our legal team can provide advice to help you avoid issues down the road.
Have A Suite Of Real Estate Professionals
A prepared buyer will use both a realtor and a lawyer in their real estate purchase. If you are looking to buy real estate in Vancouver within the foreseeable future, we urge you to look into sourcing a mortgage broker or bank to get a handle on your finances, a realtor to help you find the perfect home, and a real estate lawyer to provide legal advice.
Once you decide to make a purchase, the rest of your transaction should be relatively straightforward and without issue—if you hire the right real estate professionals to perform conveyancing. Ultimately, choosing the right real estate notary or lawyer can help you avoid any problems.
In 2019, buyers are gaining control in the detached housing market. During this time of great opportunity, we hope you consider Vancouver Downtown Notary as your real estate notary and lawyers of choice. Feel free to reach out to our real estate notary and lawyers to book an appointment today!