Parties to a Transaction:

There are many people involved in a real estate transaction. The groups that you need on your team and who you will be dealing with.

Buyer: Purchaser of the property/ home

Buyer’s Agent: Helps the buyer find a house and represents and negotiates for them during the purchase process

Seller: Owner of the subject property

Seller’s Agent: Lists the seller’s property for sale and represents and negotiates on their behalf during the sale of their home

Inspector: Licensed professional that inspects the home for issues and material defects on behalf of the buyer once their offer has been accepted

Attorney: Hired by both the buyer and seller to handle contract signing and coordinate the closing

Lender: Mortgage brokers and banks that lend money to buyers to purchase a home

Appraiser: A third party hired by the lender to verify the value of the home