Most of us don’t understand the legal paperwork required to transfer a piece of real estate from one person to another. This extremely important document includes the names of both the current owners and the new owners as well as a description of the property. It also includes the seller’s signature which represents his or her intent to transfer the property to the new owners. This piece of legal paperwork is commonly referred to as the real estate deed and is created on behalf of the seller.

The Deed Process

The seller hires a lawyer to prepare the real estate deed to ensure that all the requirements of a valid deed are met. It must contain a formal legal description of the property and must state that the seller intends to transfer the title to the buyer. It should also contain the purchase price and then be signed by the seller and notarized. Some states require a signature of a witness as well. After these conditions are met, the seller’s lawyer delivers the deed to the buyer.

The Title Search

The buyer’s lawyer must conduct a title search to make sure that all the information on the deed coincides with the title and there are no liens on the property. Nothing can happen until the seller handles the initial step in preparing a deed. The seller must hire reliable Deed Preparation Services Rockville MD before the buyer can have his or her lawyer perform their due diligence to make sure that the property is free of liens and available for purchase.

Documenting the Deed

The real estate deed must be accurate to prevent any confusion in the future. This is why the buyer must record the deed int the county where the property is located. The recording office will have an accurate record of the deed and this, in turn, will protect the buyer should any confusion arise regarding ownership of the property. Recording the deed is a necessary step in the legal process of transferring real estate that clearly underlines who owns the property in addition to any liens that may be relevant.

Investing in deep preparation is a necessary step for both the seller and the buyer. Nothing can be transferred without this legally binding step. This is why the process is a needed finalizing step for the seller. It is the seller’s responsibility to have his or her attorney prepare the paperwork for the deed and then sign it. Then the buyer has his or her lawyer conduct a title search to make sure that there are no discrepancies between the deed and the title. The deed must be recorded at the county recording office by the buyer. This step protects the buyer and proves ownership. Each step in the process requires both accuracy and verification as a protective legal measure for both the buyer and the seller.

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