BC NOTARIES’ BUST COMMON HOME BUYING MYTHS -3

7. Myth:  If the seller has deferred paying property taxes, it won’t affect selling their home.

“While the purchaser would not be on the hook for these outstanding taxes, the property title cannot transfer to new owners until it’s paid,” says Laurie Salvador, a Notary Public in Sidney. “This is the responsibility of the seller and is taken care of by the seller’s Notary as part of the closing process.”

8. Myth:  You can always get the best deal on a mortgage if you do it yourself.

“Often a mortgage broker can negotiate a better interest rate and terms for your mortgage needs than you would be able to secure on your own,” says Filip de Sagher, a Vancouver Notary Public.

About BC Notaries

The Society of Notaries Public of BC represents more than 320 highly trained Notary professionals. Most have locally owned and operated offices and all provide personal assistance to clients around the province. Individuals, families, and businesses seek the services of BC Notaries for a wide range of non-contentious legal matters including Residential and Commercial Real Estate Transfers, Mortgage Refinancing, Wills and Advance Health Care Planning, Powers of Attorney, and other important documents.

The Notary’s Tradition of Trust spans 2000 years. Notaries first came to British Columbia over 100 years ago. They continue to serve their valued clients and their communities across the province.  For more information, please visit www.notaries.bc.ca.

-30-

Editors: Local Notaries are available in many areas of BC to talk about regional real estate trends and how Notaries can assist with real estate transactions.

Media contacts:

karen@cookpublicrelations.com                                  brenda_jones@shaw.caKaren Cook                                                                  Brenda Jones
604 551-9074                                                              604-312-1070