What You Need to Know About Your Home’s Deed When Selling
When you’re getting ready to sell your home, it’s important to become familiar with a number of terms and concepts related to the sale. One of the most important terms you’re going to need to understand is what happens with the deed of your house. What is a deed? Why does it matter? What’s going to happen with the deed if you choose to sell to a cash buyer like Home Buyers Birmingham? Let’s dive in and answer these questions.
What Is a House Deed?
A house deed is a written document that shows who owns a specific property. When you are planning to buy or sell your home, both the buyer and seller will need to sign a deed in order to transfer ownership of the property to that new owner. A deed is incredibly important as a legal tool. Many disputes over ownership of a property or home are settled purely by checking the name present on the deed. In Birmingham, Alabama, deeds are public record, along with in most other states. Failing to record a deed can cause problems with a sale down the line, so you’ll need to make sure it’s done and done correctly.
What’s the Difference Between a Deed and a Title?
It’s easy to mix up deeds and titles, especially since they are related concepts. A title refers to the legal right to access a property and transfer ownership of that property to someone else. With a title, you can either have a full or partial interest in a property, and you can only transfer as much of that title as you own to someone else. In contrast, a house deed provides proof of property ownership. Deeds must be filed and notarized, and in many cases, an impartial witness must be present to witness that the deed has been signed.
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How Do Deeds Work When You Sell Your Home to a Cash Buyer?
There are a number of advantages to selling your home for cash to Home Buyers Birmingham. When selling a property for cash, the deed still must be signed in the presence of a notary so it will be recorded. If you’re ready to walk away from your home, for whatever reason, choosing to sell for cash is a quick and easy way to go. This solution helps eliminate all of the extra services and costs associated with selling a home. A cash deed transfer is an economical, stress-free solution!
Final Thoughts on Deeds
Since house deeds identify property owners and help secure their rights, it’s important to fully understand what’s happening with your home sale and finish any deeds the right way. If you have questions about this process, consult with a real estate attorney or reach out to us at Home Buyers Birmingham. A financial advisor can also help you make a decision on what the best route is to take when selling or buying a home.
Since there are so many benefits to selling your home for cash in Birmingham, Alabama, it’s important to understand your options. With this post, hopefully, you’ll fully understand what a deed and title are and how they will be used when you’re selling a home.
Sell Your Home Fast
At Home Buyers Birmingham, we help people who need to sell their homes quickly for a variety of reasons. Whether you’re faced with an impending divorce or foreclosure, your job moving, a death in the family, or you’re overwhelmed due to a rental property, we have the experience to buy your home fast and pay you cash in as little as 7 days.
Maybe you just don’t want to be a homeowner anymore, or you’re tired of spending your savings on repair or upkeep. We can remove that burden, and you get to walk away with cash in your pocket and peace of mind. If you’re ready to sell your home in Birmingham or any nearby areas, tell us about your property you want to get rid of so we can get started.
What are you waiting for? Call us at 205-687-0604 and we’ll provide you with a fair cash value offer within 24 hours at no cost or obligation to you!
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Home Buyers Birmingham
1821 11th Avenue South Suite #55331
Birmingham, Alabama 35205