Be an informed Buyer!
Tuesday, October 13, 2009
If you are thinking of buying a home in the near future, one thing you need to know about is all of the paperwork that you will need to sign! Many times people will rely on the real estate agent to tell them what is in the contract before they sign it, but it is the responsibility of the buyer to read the contract & make sure they understand the contents. Often times the buyer will sign the paperwork, take a copy and say they will read it later. I doubt that everyone does. Keep in mind that a Residential Purchase Contract is a legally binding contract, not just ‘an offer’.
A good way to be informed is to ask your real estate agent for a sample copy of a Residential Purchase Contract. Grab a highlighter and sit down and read the whole thing from start to finish. Highlight anything you don’t understand or need clarification on. Then meet with your real estate agent and ask them to explain these things to you. When it is time for you to write a contract for a home purchase, you will know what you are asking for and understand the terms and conditions.
Be an informed buyer!
Happy house hunting~
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Hey, Patti, how much responsibility does the Signing Agent bear?
Ron, great questions! The signing agent (and I assume you mean the notary) is only required to certify the identity of the signer of the document(s). Identity is established by presentation of satisfactory evidence of the signers identity, or by credible witness whose identity is known to the notary and has proved their identity with satisfactory evidence.