In real estate, there are times when the property being “sold off” does not rightfully belong to the “owner”. This occurs when the property in question either belongs to the government (and the owner is holding a lease hold right), or when the property was not transferred properly (by death or other factors) from the previous owner to the end user. When you are involved in a transaction such as this, you have to make sure that when you indeed, decide to sell the property, the next owner will be assured that everything will be theirs. They have to be confident in knowing that three or four months down the line, no one will come knocking at their door claiming the property to be theirs. Verbally reassuring them is not enough, in situations such as this, the best form of reassurance you can give the new owners is a statement formalized via a Quit Claim Deed.
A Quit Claim Deed (otherwise called Quick Claim) is one that is used when you are releasing all your claims on the property. This document also serves as proof that you are the sole person who had the right to use the property no one else will lay claim to it later on.
When preparing a Quit Claim Deed, you have to make sure that all the important information concerning the transaction is noted down. The usual data include the names of the parties involved in the sale, a short description of the property (including the address or location), the agreed upon purchase price, and most importantly, a statement affirming that you are releasing all rights, interests and claims to the said property. To make the document legal and binding, you and the buyers (in front of third party witnesses) are obliged to affix your signature on this piece of paper. Later on, this document should be sent to a legal office where it should be notarized.
Quit Claim Deeds are fairly easy to prepare. You don’t need to go to a realtor or a lawyer just to have them draft you a copy. You can make one yourself. If you are unsure about the layout or the contents, you can research about it or just look for ready made forms that you can use or base your Quit Claim Deed on.
Finding a standard Quit Claim Deed layout is quite easy. There are libraries you can go to and real estate offices you can visit. However, if you don’t have time to make these out of the way trips just to get a Quit Claim Deed, you can just log on to the internet and simply download one. Real Estate forms, such as the Quit Claim Deed, are available from real estate related websites.
Downloadable forms, such as the Quit Claim Deed, though these follow a generic format, can easily be opened using any word processing program. Once purchased, you are at liberty to reproduce these forms as often as you like; and these can be modified to suit your individual requirements.
Real Estate Forms can be purchased per piece or by bulk and websites have secure payment facilities and payment can be made through major credit cards, paypal or electronic cheques.
Source: http://www.ArticlePros.com/author.php?Gloria Smith
|
