Can you sell a house with a quitclaim deed? The home sale legality is retained when using a quitclaim deed, but some buyers may feel uncomfortable using it. At My Tennessee Home Solution, our experts can help you sell a home quickly, and we successfully manage quitclaim deeds.
How To Sell Using a Quitclaim
When selling a home using a quitclaim deed, you need to have a form that lists the property’s legal description (not just the address). The document must contain the legal names of all individuals selling or giving the property, referred to as the grantor. It also requires the legal names of the people or entities receiving or buying the property, called the grantee.
You may need to pay a recording fee to the local government and provide a property transfer tax form as well. A public notary must witness the signature of the grantee.
Do Both Parties Need To Trust Each Other When Using a Quitclaim?
As long as both parties trust each other, using a quitclaim deed is a quick way to sell a home. The grantee must understand the potential drawbacks of this deed, including the absence of legal assurances regarding the property’s title status or any existing liens. That’s why the grantee needs to trust the grantor.
When you are selling the property to an as-is home buying company, the downsides of a quitclaim deed are not concerning. Quitclaim deeds also work when transferring property from one family member to another or as part of a divorce settlement. Using quitclaims with traditional real estate sales is not normal, though.
Rely on My Tennessee Home Solution When You Have an Unusual Home Selling Process
At My Tennessee Home Solution, we focus on buying homes in any condition for a fast cash offer. We are the local cash home buyers who take the hassle out of the process. Can you sell a house with a quitclaim deed or a similar unusual situation? Yes, and our team can simplify everything.
To learn more or to receive an immediate cash offer, contact us today at (615) 933-5431.
Frequently Asked Questions
If you ever have questions about quitclaims or other real estate title documents, our experts are happy to answer them.
What Is a Quitclaim Deed?
A quitclaim deed allows someone to transfer their interest in a piece of property to another person. This type of document releases the grantor from future claims of property ownership rights.
Is a Quitclaim Deed Considered a Permanent Transfer of Ownership?
Yes, a quitclaim deed transfer is considered a permanent transaction. It transfers the ownership from the granting party to the grantee with no limit on the term of the ownership.
Do Risks Exist When Selling a House With a Quitclaim Deed?
Can you sell a house with a quitclaim deed, or are there risks involved? The risk is that the recipient accepts the property in its current condition and without guarantees regarding existing liens on the home.
