Basically, agreement must be originally printed for legal purposes. Additionally, all crucial components ought to be provided with it such the assertion of the deal, time and date of the agreement, and the names of the involved parties with signatures. Even when the document contains all the needed aspects, it might be considered as trash, without the authorized notarization.
A notary public actually covers a lot of legal situations. This is important in making legal terms, verifications, and several other items. So we can somehow comprehend that value of a notary and notarization, may we talk about the real estate transactions.
First and foremost, buying a house needs the legal agreement between the buyer and the seller. The buyer and seller would specifically look at things such as the total value, cash buying or through a loan financing, who would take the part of taxes, and many others. When all are agreed, these will be put into writing called the contract to sell. This is basically a legal agreement wherein the seller confirms to sell the house only to a particular buyer and to no one else given that the both would completely comply with what is stated in the contract. This must be signed by the people involved and their witnesses. Now, the ultimate part of this part of real estate transaction will be the notarization. If ever the contract is never notarized, it is determined to be an inadequate document weak and may even be not legal. This means that if any of the party did not follow what is written in the contract, he or she may get away from legal consequences. Obviously, anyone may try to bring it up to court, but in high probability, the case might be considered null and void.
The second part of buying a house is providing a deed of absolute sale. This would be the final deal saying that the house is without a doubt purchased and the owner of it is now the buyer regardless of certificate of title. Typically, the seller can never say any longer that the real estate property belongs him or her the moment that notarization is done. But if it is not notarized, the situation would become too risky for when the seller tries to swindle the buyer, the court may take side with him due to the possibility non-legal nature of the document.
As stated, buying and selling a property is just one endeavor that needs the services of a notary. There could be more and if you want to guarantee legality and safety of your agreements and other related stuff, be sure to find one. You can always try the Notary Depot and other similar services near your area to help you complete this venture.