Principal Parties

🏠 Home Seller(s): The individual(s) or entity selling the property.

🧑🏽‍🏭👨🏼‍🍳👷🏽 Home Buyer(s): The individual or entity, often multiple in the case of co-buying, purchasing the property.

Professional Parties

The following professionals are often, though not always, involved in the Purchase and Sale transaction.

👩🏻 Listing Agent: Enters a legal agreement with the homeowner to market their property and list it on the Multiple Listing Service.

👩🏽‍🦱 Buyer's Agent: Collaborates with the buyer to find a suitable property and negotiate the acquisition terms.

👩‍💼 Loan Officer: A financial institution representative who guides clients through various loan options and originates mortgage financing.

🧑🏽‍💼 LO Assistant: Assists the Loan Officer in document collection, coordination, and loan process facilitation.

🙎🏿 Underwriter: Evaluates the borrower's financial standing, including creditworthiness and assets, to make an informed loan decision.

👨🏼‍💼 Title Officer: Conducts comprehensive title checks, clears titles, and offers title insurance to ensure smooth property ownership transition.

🧑‍🦳 Escrow Officer: A neutral third party who coordinates the closing, collecting, and disbursing of funds as per the settlement statement and records necessary documents.

🧑🏼‍🔧 Appraiser: Conducts a market-based property assessment on behalf of the lender, combining subjective judgment with comparable sales data.

🕵🏽‍♀️ Inspector: Provides an impartial, detailed evaluation of the property's key systems and components.

🧑🏽‍💼 Insurance Agent: Helps buyers identify necessary homeowner's insurance coverage and selects the most suitable policy.

🧑🏽‍⚖️ Attorney: Advises on legal aspects, drafts, reviews contracts, and may oversee the closing process.

👩🏻‍🏫 Chartered Public Accountant (CPA): Advises on the financial and tax implications of co-buying and co-owning a property.

🗒️ Field notes

Real estate professionals, including Loan Officers and RE agents, are salespeople who are compensated based on the volume of business they originate: they make money when a transaction closes.

Attorneys are often generalists and rarely focused on the full-spectrum, practical aspects of co-ownership beyond the legal domain (even those specializing in real estate).

If you're looking for badass real estate pros with vetted credentials and experience working with co-buyers, check out CoBuy-certified™ Pros.