Why Do You Need A Notary Public For Real Estate Transactions?
What does a real estate notary public do?
When buying or selling real estate in Vancouver, your lawyer or notary public works on your behalf during the conveyancing process to transfer the ownership of property.
During this process, your notary public or lawyer will gather and prepare the necessary forms and documents to “convey” the title of property from the seller to the buyer, while coordinating between government agencies, stratas, insurance companies, and financial institutions.
Additionally, your notary public or lawyer will be responsible for all of the funds that change hands during this transaction. As we are experts in handling of the nuances and fine details of every type of real estate transaction, we will guide you through the process of buying or selling real estate.
At Morris Notary, we are a team of notaries and lawyers who are able to provide a wide variety of legal services, from simple transactions to more complex deals.
What are the differences between a real estate notary public and a lawyer?
There are several key differences between a lawyer and notary public, but ultimately, a real estate lawyer will be able to provide legal advice and point out charges on the title. They are trained to handle details and provide sound advice and will identify issues before they become a problem.
A real estate lawyer will ultimately provide peace of mind in their ability to provide legal advice to you if the situation requires it. However, both lawyers and notaries public are able to help you in the conveyancing process.
Purchasing real estate in Vancouver
When purchasing real estate in Vancouver, the conveyancing process covers the following events:
- The offer on the property is accepted
- Your lawyer or notary is sent all contracts and lender instructions
- Your legal team performs their “due diligence” process to ensure your deal is sound
- The Statement of Adjustments is prepared
- An appointment is made to sign all paperwork and make all payments
You can learn more about the conveyancing process from our legal resources section.
At Vancouver Downtown Notary, we act on your behalf to facilitate all transactions in a real estate transfer. It is our role to ensure that everything goes smoothly. If you have any questions, please feel free to contact our notary office today.