In a Philadelphia home sale transaction there are many more people involved in getting the deal closed than just the buying and selling agents and the home buyer and home seller. There is a whole team working behind the scenes to make the process happen legally and safely to protect all parties involved in the transfer of ownership.
One of the people working behind the scenes is the notary. You may not realize the role or need for this person until you need to pay the fee for them to help you sign the paperwork for your home sale or purchase. Some homebuyers paying closing costs may wonder if a notary is really necessary to sign the paperwork and close on the purchase of a home.
Why a Notary is Important in a Philadelphia Home Sale
Having a notary is more than just inviting another person to the home sale transaction party. A notary is a key professional who helps to prevent fraud, confirm that all parties involved in the sale understand the terms and are willingly agreeing to the sale, and ensure that all paperwork is in order and every spot is signed or initialed to make the sale officially legal.
How Notaries Help Prevent Fraud
Notaries are more than just people who applied to witness people signing a piece of paper. They are trained in several different areas. One of these trainings is to take identification from the people they witness signing official legal paperwork documents. They will ask for proper identification from each person who will be signing the paperwork.
Not only does a notary make sure people are not committing identity theft and fraud they also make sure that every party signing the paperwork understands what they are signing and why it needs to be signed and make sure that every signing party is willing to sign the forms not under duress or in an altered state of mind.
Additionally, a notary is trained in the standard clauses and requirements of a home sale contract. They will know what the contract should contain and make sure that those items are present in the contract. This is especially important when it comes to the deed of the home. If something is missing in the contract the contract isn’t valid.
Notaries Make the Process Official
The home sale purchase contract is not legal without a trustworthy witness who will verify the people who say they are signing the paperwork are those people. This is an extra step in protection. If the paperwork allowed just any witness many things in the home sale transaction could go wrong.
It is always best to know every detail you can about a home sale transaction when purchasing a home in Philadelphia. Especially to ensure that all monies and legalities are properly taken care of. When purchasing a home you want to make sure you know all the fees associated with a home purchase. When selling a home you want to ensure the process goes smoothly and you will be able to legally transfer ownership of your home while receiving the correct amount for the home sale to set you up for your next home purchase.
A key component to knowing you are safe in your home purchase or sale is to work with a trusted real estate agent. A local experienced real estate agent can help walk you through all procedures and look out for anything that is not going the way it should. They are there to answer questions about the process and to work in your best interests to help you meet your real estate goals.
The team of local Philadelphia real estate agents at Victory Real Estate is ready to provide you with the best attention and real estate services in Philadelphia
“We understand that buying or selling a home can be one of the most important and biggest decisions ever made in a lifetime, and that is why we provide a personalized approach for everyone who works with us.”
Contact us any time with any Philadelphia real estate needs, were are here to help with both buying and selling homes.