Knowing the do's and don'ts of a real estate deed when writing a deed is essential when it comes to ironing out the small details during the transfer of ownership.
A deed is a part of any real estate transaction. Under common law, a deed is a written legal instrument that affirms, confirms, or passes a property, right, or interest, which is attested, signed, delivered, and sealed in some jurisdictions.
Deeds can be bilateral or unilateral. Deeds include licenses, diplomas, conveyances, patents, commissions, and powers of attorney when implemented as a deed. The primary purpose of a real estate deed is to transfer a title, a legal document proving the ownership of an asset or property, to another individual.
Here are some things you must know about writing a real estate deed:
Preparing a real estate deed yourself is not impossible. However, preparing the deed yourself is not recommended. It is recommended to hire a lawyer or real estate attorney to review the real estate deed and prepare it with you to avoid mistakes prior to making it official.
You can find several sample deeds that are downloadable. However, be careful and know the specific type of deed you will need. It is essential to have a trusted professional with you during the preparation process for a successful transfer of ownership.
Each real estate deed must be handwritten. It must contain words of conveyance, outlining:
The deed should describe the boundaries and location of the property for future clarification and reference. To be considered a legal deed, the real estate deed must meet several requirements like:
Make sure the deed is readable and easy to understand in case of any problems that can arise. Keep in mind to record a deed in the county where the property is located to protect your property ownership from the previous owners.
Not all deeds are created equal. Every deed has its own specific requirements and preparation. There are several types of deeds, such as:
A deed is the last step in transferring the title of ownership of a property. If you have a deed, it provides you specific protection, depending on the type of deed you are using.
Since it is an important legal document, it's crucial to have a
real estate attorney review the process with you to make sure you're on the right track.
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Edwardsville
217 South Main Street, Edwardsville, IL 62025
618.659.4499
East Alton
1 Terminal Dr. East Alton, IL 62024
618.258.4800
Wentzville
511 W. Pearce Blvd. Wentzville, MO 63385
636.332.5555
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7a Park Place Swansea, IL 62226
618.239.4430
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Creve Coeur
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636.332.5555
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618.242.0200
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