Parties to a Transaction

There are a number of parties involved at each step in a real estate transaction. From the obvious to the not-so-obvious, we've defined each of the parties and their roles so you can be sure you're engaging the appropriate people.

  • Buyer: Purchaser of the subject property
  • Seller: Legal owner of the subject property
  • Buyer’s Agent: Represents and negotiates on behalf of the buyer in the purchase of the subject property
  • Seller’s Agent: Lists the subject property and represents and negotiates on behalf of the seller in the sale of the subject property
  • Inspector: A licensed professional hired by the buyer to inspect the home for any material defects once an offer has been accepted by the seller 
  • Attorney: Hired by both the buyer and seller to draft and negotiate the contract and coordinate the closing
  • Lender: A bank, credit union and mortgage broker that lends money to the buyer for the purchase of the home
  • Appraiser: A third party hired by the lender to determine the value of the home



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THE URSINI TEAM AT COMPASS  

We're not your typical real estate agents. As former city dwellers, we appreciate the qualities that make city lifestyle so unique, from the convenience of walking to your favorite restaurant or corner store to the vast and diverse cultural and entertainment activities. But we’ve also experienced the challenges and frustrations that are motivating you to seek change. During our transition from the city to the suburbs, we had the same thoughts, concerns and questions, prompting us to create a better way to navigate the suburban home search process for others.

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