Create your own Quit Claim Deed: retipster.com/go/rl-quitclaim... (REtipster Affiliate Link)
00:00 - Intro: What is a Quit Claim Deed?
01:05 - When does it make sense to use a Quit Claim Deed?
02:37 - Quit Claim Deed vs. Title Companies
03:18 - Looking for a Quit Claim Deed template? Check out RocketLawyer
04:49 - The process of setting up your Quit Claim Deed with RocketLawyer
12:25 - Review the Quit Claim Deed document generated by RocketLawyer
13:49 - Plans & Pricing - RocketLawyer
14:34 - The appropriateness of using a Quit Claim Deed: If not sure, verify your information with an attorney
15:26 - How to sign up with RocketLawyer? retipster.com/quitclaimdeed
15:40 - Final words
The DEED is the most important item in a real estate transaction because it’s the official document that transfers the property’s legal title from one person or entity to another.
When all is said and done - the ultimate definition of who owns property all comes down to what’s written in the DEED. This is the document that everything else revolves around.
Several different types of deeds can be used when transferring real estate. One commonly known type of deed is the Quit Claim Deed (sometimes confused as a "Quick Claim Deed").
With a Quit Claim Deed, the seller is offering absolutely no guarantees or promises of any kind about the property’s title. By signing this document, the seller is simply saying,
“Whatever interest I may have in this property (if anything), I am transferring it to the buyer.”
A Quit Claim Deed provides no warranty about whether the title is clear - so if a buyer is willing to accept this, they should be doing their homework to ensure the property has a clear chain of title.
For more information on how to close a cash real estate transaction (when no financing is involved), you can read more about the basic steps in this blog post: retipster.com/how-to-close-cas...
Note: I have had a great experience with Rocket Lawyer, but your experience may vary. The link above is an affiliate link, and at no additional cost, I will earn a commission if you decide to purchase this particular tool/service. I recommend this resource because it is helpful and useful, not because of the small commission I make if you decide to buy it. Please do not spend your money on this unless you feel it will help you achieve your goals.
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