January 30, 2011
“I’m going home.” One of those simple statements that is saturated with meaning.
“Home is where the heart is.”
“A man’s home is his castle.”
“Home Sweet Home.”
“There’s no place like home.”
I am sure you could add to this list!
Even the phrase “running away from home” is heavy with emotion and you know there is a story attached!
Our home and where we choose to live is such a mirror of who we are and what is important to us. We pick our neighborhoods to match our life style. Urban settings speak something totally different than rural country living. Even in the urban areas, single family homes close to schools and parks tell a different story than a life lived in a compact condo close to shopping and theaters.
What do you look for when shopping for a new home? For me the kitchen is the most important space. I love to cook and entertain family and friends and having space for guests to sit and visit while food is being prepared, or even better, enough space for everyone to pitch in and help is vital. Having the kitchen open onto an outdoor space with room for alfresco dining and access to a garden full of fragrant herbs and fresh veggies is the ultimate!
Whatever you are looking for in a new home, this purchase is one of the most important and probably biggest investment you will make. Not only is it significant financially but moving usually is the result of a major change in your life. Your first purchase on your own, your first home together as a couple, a change in employment, needing more space for a growing family and even downsizing as life circumstances change all add to the emotional nature of the transaction.
One of the most rewarding things I do as a Notary Public is help my clients through the legal aspects of this purchase.
The process includes:
- review the Contract of Purchase and Sale prepared by the Realtor, or help the purchaser prepare the contract in a private purchase
- search the title of the purchase property and discuss the charges such as easements and building schemes that are registered against the property with my clients
- receive mortgage instructions from the client’s lender and prepare mortgage documents for signing and registration at the Land Titles Office
- prepare the transfer and supporting documents that will register the transfer to the new owners and send them to the legal representative of the sellers for signing
- receive mortgage and down payment money into my trust account and disburse those funds to complete the purchase
- register the transfer and mortgage documents at the Land Title Office.
The best part is when I call my client and say; “Congratulations! You have a new Home!”.