Virginia Real Estate Deeds Attorney

Purchasing or selling real estate can be both exciting and stressful. Whether you are in the market as a first-time homebuyer or if you are a business purchasing a commercial property, it is important to have the right lawyer by your side. At Randall Page, PC, our Virginia real estate attorneys can ensure the transaction is smooth from start to finish.

If you are purchasing or selling land, a home, or commercial property, it is important to understand the laws regarding deeds and the common problems that face buyers and sellers. Our Virginia real estate deeds attorneys can put your mind at ease and help you navigate through any deed issues that may arise. You can contact us by clicking here or by calling 757-517-8956.

What is the Difference Between a Deed and a Title?

A common misconception in real estate is that deeds and titles are the same. In fact, in legal terms, they are very different. Firstly, a deed is an official written document that declares a person’s or business’s legal ownership of that property. A title, on the other hand, refers to the concept of the owner’s rights.

For example;

  • Suppose you own the pen on your desk
  • A pen is a physical object you can hold and write with; however, you cannot hold the pen’s title in your hands
  • Nevertheless, you can hold the pen’s deed in your hands

In terms of real estate, after you purchase a property, the deed must be in your physical possession.

What are the Types of Real Estate Deeds?

There are three main types of deeds.

  • General Warranty Deed: This ensures the seller has the full title and is the sole property owner allowing them the rights to sell. This protects both buyer and seller in that it promises the seller has no knowledge of any property issues.
  • Special Warranty Deed: This deed is similar to a general warranty deed. The special warranty deed only guarantees title for the time the seller owned the real estate. This deed is commonly used in commercial property transactions but rarely for home purchases.
  • Quitclaim Deed: These are usually used if a piece of real estate is being transferred without any money changing hands. The seller or business can transfer property rights promptly, often giving to the misuse of the name, “quick claim deeds.” Quitclaim deeds are often used when parents want to transfer ownership of their property to their children or spouses who transfer real estate to the other. Sometimes individuals wish to transfer property ownership to a trust or an LLC. If you have legally changed your name, you can use a quitclaim deed to transfer ownership under your new name.

Why You Need a Virginia Real Estate Deeds Attorney

At Randall Page, PC., our Virginia real estate deeds lawyers can ensure your deeds give a specific description of the property. It is crucial the description must be accurate and free of ordinary issues, like misspelled names or an address mistake. If anyone were to challenge your right to ownership, your deed must be free and clear of any errors. Our real estate deeds attorneys have the experience and skill you need to ensure your deeds are drafted, examined, and carefully written. When you need a real estate deeds attorney in Virginia, contact us by clicking here or calling 757-517-8956.

Virginia Real Estate Deeds Attorney Legal Team

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