Real estate transactions, given their volume and their amounts, need verification and authentication more than ever. With all the forgery and fake documents going around nowadays, it is now more crucial to have your documents and real estate activities verified and legitimized. One way you can do so is by having your documents notarized by a notary public. Today, we’ll be looking at the role of a notary public in real estate transactions and how a notary for home purchase can help affix a seal of authenticity to your investment and thereby safeguard it.
Let’s start by looking at real estate notary: what it entails, and how a notary public can accentuate your real estate holdings.
The role of notaries in the real estate sector
A notary public plays a crucial role in the real estate sector, and everything from real estate transactions to dealing between two parties can be done in the presence of a notary, ensuring transparency and accountability at all stages. However, the role of a notary public goes beyond that. Let us take a closer look at the notary public and how they complement the real estate sector.
Notary public as a witness
The primary responsibility of a notary public, as enshrined by the power vested in them by the government or state, is to be a witness. Whether it is the signing of a deal or the transaction process, the notary public is the central figure in all of these. Since they are an agent of the state or government and not a member of any party involved in a transaction, their presence and their signature on relevant documents add to a sense of reliability and authenticity for the transaction, and the presence of an impartial authority during the transaction also verifies its legitimacy where public inquiry might be concerned.
Notary public as a fraud preventer
As mentioned, the real estate market is big, and with millions of dollars being transacted at any given moment, authenticity, verification, and legibility are key. Since a notary public is designated by the government to prevent fraudulent activities and to ensure that any documentation or personnel involved in a deal check out, this is exactly what a notary public brings to the table in the real estate sector. By verifying the identities of the people involved in the real estate deal and the paperwork involved, a notary public will reduce the possibility of any sort of fraud present in a deal.
Notary public for overseeing contracts
Contracts are the central documents for many real estate deals; in fact, all of them rely on proper documentation to proceed and be legitimized by the government. Since the real estate sector deals with increasing money, the risk of fraudulent activity is quite high. It requires countermeasures to ensure nothing untoward as forged documents become part of the transaction. This can be done by a notary public, whose sole responsibility is to ensure that the documentation of a transaction is authentic, verifiable and states truthfully whatever the deal’s contents are. By having a notary public attest to your documents, especially contracts, your documents and, in turn, your transaction will be verified and legitimized for governmental purposes.
Notary public as legal advisors
Aside from their role as authenticators of a deal and its associated paperwork, a notary public can also double as a legal advisor for the people involved in a real estate deal. Since they are supposed to be aware of all the local rules and regulations that govern real estate dealings, a notary public can be a good legal advisor. Still, more than that, they can also ensure compliance with key regulations over real estate in particular. From helping you avoid potential disputes and legal issues to their seal serving as proof that the deal has been undertaken with an impartial authority present, a notary public will complement your journey or foray into the real estate market and will bring with them a set of benefits that will help you progress further without any hitch.
Notary public for a title search
If you are considering buying a property with previous owners or a piece of land with a history, you must have a notary public by your side. This is because they are adept at title searches, which are looking into the property’s title to ensure everything is in order. For properties or houses that might have been previously owned, there can be a lot wrong with them; the previous might not have paid their taxes in full or might have been involved in any other activity that could alter the title and cause it to be looked upon unfavorably by the local government. A notary public helps mitigate such issues since they conduct a title search and will only verify and legitimize the title once it is clean, which can be extremely helpful.
The bottom line
In the real estate market, transactions involve millions upon millions of dollars, enticing the unscrupulous elements to dupe people. This can be very troublesome and requires extra efforts or resources to be put up to ensure the legitimacy and authenticity of every deal that is conducted in such high-risk transactions. The one thing or person who will always be helpful in this regard and bring to the table many benefits that help you steer clear of any such suspicious activity is a notary public. They can provide you with all the aforementioned and serve as legal counsel, whom you can always turn to for sound legal advice. Getting a notary public for your real estate transaction is crucial in this day and age.
The Notary Guy: bonafide notarization services!
The Notary Guy provides excellent and reliable notarization services for all public and governmental processes. Everything from statutory declarations of identity, required for permanent residency in Ontario and elsewhere in Canada, to documents related to real estate and other financial institutions, The Notary Guy also provides quick service that gets you in and out in no time and helps you get through the process in an expedited manner. The Notary Guy can help you with more than just document notarization; they also offer notarization services for,
- Certified true copies
- RIN letters
- Visa invitation letters
- Child travel consent letters
- Statutory declarations
- Bank forms requiring declarations
- Name change applications
- Common law declarations
And many more. Check out The Notary Guy for more details on our services and how our online notarization process can save you precious time.