Why do I need a Notary when Realtor prepares the contract?
Irina Bartnik Notary Public • July 13, 2020
It is important to have a good team working with you when you are purchasing a home. You will need Realtor, Mortgage Broker, Inspector and Notary.
Most you will begin working with a Notary once all of the conditions of your Contract of purchase and sale are removed. Your Realtor will send the contract of the house that you purchasing to your Notary. The Mortgage Broker will forward your Mortgage instructions to your Notary also. Once Notary office receive all of the important information, they will contact you and schedule your appointment for you to come to Notary office and sign all of the documents, which Notary will then use to register your ownership of the property in Land Title office.
Notary’s Job is to make sure that you are Legal owner of the property but also to make sure that any previous financial obligations that Seller had against the property will be paid in full. Your Notary will exchange information with the Notary that is representing the seller and will follow up on all the promises that were made by the seller. On the “Completion date” your Notary will receive Mortgage funds from your bank and then register your ownership of your property in Land Title office. Once the transfer is registered, you will receive a phone call from your Notary, letting you know that now you are the owner of the place. After that your Realtor will deliver you a key on your “Possession date”.
Please feel free to call my office if you have any more questions.
Sincerely,
Irina Bartnik
Notary Public
SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales. The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average. The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.
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