When selling a home, there are a few fundamental topics you need to understand. This brings us to the issue of the different types of deeds you will run into.
Understanding Deeds When Selling a Home
The process of selling property is easier if you understand the basics of the sales process. Marketing the property and dealing with buyers and/or the hassles of real estate agents can be aggravating, but the piles of paperwork and all the different forms involved are really the biggest issue. Among these many forms and papers are deeds. Well help make selling property a little easier for you by clearing things up a bit.
A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts, etc) against the property that will be transferred over. It is stating that the property is legally owned and there are no hidden tie-ins the buyer should be aware of. This deed ensures buyers that the property they are buying is actually owned by the person they are dealing with and they wont be met with any surprises later on. Furthermore, if another person were to try to claim the property down the line, the...
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