When buying or selling real estate, the choice of deed defines exactly what the buyer is getting for his or her money or the seller is agreeing to give.
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Each type of deed includes different rights, guarantees and legal protections. Contact a real estate attorney to determine which type of deed is most appropriate for your situation. The new deed should be recorded in the appropriate office, usually the land records office in the county where the property is located.
The title company or closer may handle recording, but parties to the transaction should make sure that this important step takes place, regardless of who handles it.
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The purpose of recording the deed is to give notice to the world that the buyer now has an ownership interest in the property. Recording also creates a chronological chain of title so the history of ownership can be researched. In real estate transactions, the form and type of deed are critical.
An experienced real estate attorney can analyze the circumstances surrounding your transaction, determine your needs and review the content of the deed to ensure that the transfer is valid and appropriate.
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How to Remove an Ex-Spouse from a Deed
Love Gerard A. Nieters Richard L. Federer Kenneth E. Dick Testimonials Contact Us. Deeds A deed is an unassuming and usually short piece of paper that has a big legal impact. Recording fees for quitclaim deeds vary among counties. Unlike the majority of other states, Missouri doesn't assess a real estate transfer tax on quitclaim deeds.
Jeannine Mancini, a Florida native, has been writing business and personal finance articles since Her articles have been published in the Florida Today and Orlando Sentinel. Share It. Certain elements must be present for a quitclaim deed to be valid. The deed must:. Be written on white or light-colored paper free of any watermarks.
Although most deeds are printed, handwritten deeds are also acceptable. Missouri deeds are only accepted in black or dark ink. Name and identify the parties involved.
The grantor is the person giving away interest and the grantee is the person receiving the interest. Display the grantee's address on the first page of the document under Missouri law. Include the address of the property.
Contain a legal description of the property, including the tax parcel number. If you can't find the legal description, refer to the original deed or property taxes. You can also contact the Missouri recorder's office or tax assessor in the county where the home is located. Convey interest from the grantor to the grantee.
The necessary legal language must be included to transfer the interest or portion of interest to the grantee. Contain the grantor's signature. Only the grantor is required to sign in Missouri.