Can I sell property with a quit claim deed?

Can I sell property with a quit claim deed?

It’s an inexpensive way to transfer property, and, while an owner of a property acquired by quitclaim deed can’t sell it without a clear title, the property can be sold later after a warranty deed is obtained. You can then buy title insurance and, with legal title, transfer the property through a warranty deed.

Is a grant deed the same as a quit claim deed?

A grant deed ensures that the grantor has a legal interest in the property. A quitclaim deed merely releases any potential interest the signatory may have in a property with no warranties.

What is the difference between grant deed and title?

Title deeds are documents that essentially provide for proof of ownership over property, real estate, and in some cases, vehicles as well. A grant deed is the legal document that is used to indicate the transfer of property or real estate from one party to another.

What is the main purpose of a grant deed?

A grant deed is a legal document used to transfer ownership of real property and proving that the title has not already been granted to another person.

What’s a quick claim?

A quitclaim deed is a legal instrument that is used to transfer interest in real property. The owner/grantor terminates (“quits”) any right and claim to the property, thereby allowing the right or claim to transfer to the recipient/grantee.