Deeds are part of any real estate transaction. Knowing what is right and wrong when writing a deed is key in ironing out the fine details during the transfer of ownership. Here are some important tips for writing a deed.
Where To Start
Preparing a deed by yourself is possible, but it’s not recommended. It’s important to hire a real estate attorney or lawyer to review the deed and prepare it with you to avoid any major mistakes before making it official. There are many downloadable, sample deeds you can find, but be careful and know which specific type of deed you need. Having a trusted professional with you in the preparation process is crucial to a successful transfer of ownership.
Types Of Deeds
Not all deeds are made the same. There are many different types of deeds, ranging from quitclaim, grant, warranty to transfer on death deeds. Each has its own specific preparation and requirements. In order to be considered a legal deed, the real estate deed must state that it is a deed, it must be approved by the guarantor and you must have a witness of the guarantor’s signature.
Every real estate deed must be handwritten and have words of conveyance, describing the interest in owning the property and a description of the real property, itself. Deeds must also describe the boundaries and location of the property for future reference and clarification. It’s important to make sure that the deed is easy to understand and readable in case of any issues that may arise. It’s also crucial to record a deed in the county where the property is located to protect your property ownership from previous owners.
Why They’re Important
Deeds are the final step in transferring the title of ownership of a property. Having a deed provides certain protections, depending on what type of deed you are using. Because they are major legal documents, it’s important to have a real estate attorney go through the deed process with you to make sure that you are on the right track.
If you are looking to own property and are interested in creating your own deed, call Dan Burke today to speak with one of the most trusted real estate lawyers in San Antonio.