Parties Involved in a Home Purchase & Sale
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.
Matt Holmes (LinkedIn) is co-founder and CEO of CoBuy, formed in 2016 to unlock homeownership for everyone. Before hopping a flight to Seattle to start CoBuy with his mother, Matt worked in investment banking and financial markets in London for a decade. He holds degrees from University College London (BSc Economics) and ESCP Business School (Masters, London & Turin).
Pam Hughes (LinkedIn) is Co-founder and COO at CoBuy. She has over 40 years of experience across finance, real estate, insurance, and construction. Pam has committed to personal empowerment through financial education for decades, which inspired her to start CoBuy with her son in 2016. She's best friends with a small dog known as Francis.
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