Tag Archive for Notary Public

Useful Information for buying a House in British Columbia

Buying a house is possibly the best and largest investment of your life. When you start looking for the house of your dreams, the first thing that comes to mind is the cost. Before stepping into something you should really gather information about the procedures and the main requirements that you need to understand. It is important to be well-informed and well prepared before you make a purchase of such a large magnitude. Going about the home buying process carefully, asking the right questions and getting all the information you need can protect you as a consumer and result in a good decision for you and your family.

Once you have picked the house and figured out how to pay for it, the next step is to contact a realtor. Realtors are professional and have specific training in real estate. They can help you find a home that fits your needs and you can afford. A Realtor will prepare the contract between you and the seller, which will indicate all the things you and the seller have agreed to, and it will help you familiarize with the steps you must take to complete the purchase once the seller accepts the offer. After you make the deal you should contact a notary or a lawyer, to assist you with the remaining process.

If you are buying a house for the first time you should get in contact with a notary or real estate agents, just to be safe around the work that you never have done before. Check their rates, their work, and also check how the notary/lawyer can be the best fit for you. The notary/lawyer will help you through all the paper work you have to do during the transaction.

Here are steps that a notary or lawyer will help you with, and protect you during the transaction:
•A notary/lawyer will help you search the title, which shows all the easements or restrictive covenants, and it also helps you figure out if any other person other than the seller has any other legal rights on the property.
• Notary/lawyer will obtain all the other necessary documents such as title insurance documents, fire insurance, strata Information Certificate etc.
• Notary/ lawyer will prepare all the transfer ownership documents from the seller to you, including the property transfer tax return.
• Ensure that all the payments that are the seller’s responsibility have been done.
• Confirming that the mortgage on title is paid off and discharged if necessary.
• Preparing a statement of adjustment which will show all the money owed by you and all the funds you will need to complete the transaction.
• Notary/lawyer can also help you with the mortgage, if you require a mortgage on the house.
• Arrange for you to sign the transfer documents.• Arranging for payment to the seller and making sure that the property is registered on the buyers name at the Land Title Survey Authority office.
• On the closing date, the notary/lawyer will file the documents with the LTSA, which is called closing.
• After all this work, you will receive the important papers such as: Transfer forms, and the final State of Title Certificate, which shows your name as new owner of the property.

On the possession date after everything is complete you will receive the keys.

If you are going to buy a property feel free to give us a call @ 604-583-3853 for any type of information you need before you buy or step into any investment. I will make sure you get the right information and service required. I really enjoy spending time with my clients to explain all the documents that they are signing, and I always make sure that my clients understand all the Ins and Outs of the documents to protect them from any problems in the future. My fee is always competitive, and I believe in building lasting relationship with our clients.

Notary Public

Notary Public

A Notary Public is a public officer constituted by law to serve the public in non-contentious matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business. Notaries are public officers and they can act as a legal advisor in many areas like real-estate law, and business law. A Notary Public also deals with estate planning or making a will.

As we said, Notaries are public officers. As a public officer, a Notary can also Certify and draft documents which are considered “authentic”. If the original of a document is held by a Notary, the chances of it being lost go down considerably.

Notaries can also act as a mediator, which means that a Notary can also act as a neutral third party between two or more parties to resolve their dispute and reach a voluntary settlement.

Responsibilities of a Notary Public towards clients:

A Notary should build a trustworthy relationship with clients. A notary should be honest, frank and objective. A Notary should respect professional secrecy, and must provide the best service and information to their client. Before providing any services to the client a Notary should explain all the ins and outs of the job or service they are getting done (in case they are not able to understand it).

To make my clients happy and to provide the best service I always ensure that my client understand what they are signing, or getting into. For example, if a client wants to buy a house and they do not have the proper information, then it is my responsibility to first provide all the information to the client so that they feel comfortable and they feel free to make decisions without any doubts.
If you need any type of notarial service please call me @ 604-503-3853. I will make sure that you have all the information to make the best decision and it will be my responsibility to take care of your needs and to provide the best service to you.