How to Create a Quit Claim Deed

Get started with the RocketLawyer Quit Claim Deed Template here: http://retipster.com/quitclaimdeed

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 a property all comes down to what’s written in the DEED. This is the document that everything else revolves around.

There are several different types of deeds that 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 promise of any kind with regard to 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 really 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: http://retipster.com/how-to-close-cash-transaction

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