How are notary transactions performed in the sale of real estate ?
Selling a property is a big step for any property owner. However, it is vital that the steps related to notary transactions are followed correctly during the property sale in order to protect the rights of all parties. In this article, we will cover in detail what you need to know about notary transactions in the sale of real estate.
What are Notary Transactions?
A notary public is a legal specialist who performs the operations specified by law, arranges and approves documents. Notary public transactions are necessary for various legal transactions. Many legal transactions, including real estate sales transactions, are carried out in the presence of a notary.
Real Estate Sales Transactions
The real estate sale transactions begin with the signing of a contract prepared by the buyer and seller in the presence of a notary. A real estate sales agreement is an agreement between the buyer and the seller and contains certain terms and Decrees. Dec paid conditions may include the sale price, payment plan, condition of the property and other conditions. The real estate sales contract is prepared by a notary and signed with the approval of the parties.
The preparation of the real estate sales contract, the documentation of the identities of the parties and the signing of the contract are carried out by a notary. This transaction protects the rights of all parties and ensures that the real estate sale transaction is carried out in a legal manner.
After the signing of the sales contract, the title deed transfer transactions are carried out by applying to the land registry directorate. Title deed transfer transactions are submitted to the land registry directorate together with the real estate sales contract prepared by a notary, the identity documents of the parties and other necessary documents. Title deed transfer transactions are carried out by the land registry directorate and the completion of the transaction is approved by a notary.
Documents Required For the Sale of Real Estate
Among the documents that must be submitted to the notary public during the real estate sale transactions are documents such as real estate deed, identity card, tax Decal, property declaration received from the land registry directorate, certificate of no property tax debt, zoning status certificate and building use permit. These documents ensure that the real estate sale transaction is carried out legally and correctly.
During the sale of real estate, in case of a dispute between the seller and the buyer, a notary public may offer mediation services. Dec. The mediation service helps to Decipher disputes between the parties and allows disputes to be resolved without going to court.
In real estate sales transactions, notaries may provide consultancy services to the parties on determining the value of the real estate, determining the sale price and other issues. Notaries perform all the necessary operations for the proper and legal realization of the real estate sale process.
Result
The sale of real estate is an important step for a property owner, and notary transactions are an integral part of this process. In real estate sales transactions, a notary public assists the parties in preparing a real estate sales contract, performing title deed transfer transactions and performing other legal transactions. Notary public transactions ensure the protection of the rights of all parties and help to carry out the real estate sale transaction in a legal manner.