Pennsylvania Quitclaim Deeds

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Commonly Asked Questions about Pennsylvania Quitclaim Deeds

What are the disadvantages of a quit claim deed?

Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family membersfor instance, from a parent to a child.

How does a quit claim deed work in PA?

Quitclaim Deeds A Quitclaim deed provides the lowest level of protection to the grantee. It only transfers an ownership interest from the grantor to the grantee. It does not guarantee that the property is without outstanding mortgages, debts, liens, or encumbrances.

How to transfer a house deed to a family member in Pennsylvania?

How Do I Transfer a Property Title in PA? Step 1: Determine the Type of Property Transfer. Step 2: Title Search and Insurance. Step 3: Draft and Sign a Deed. Step 4: Pay Transfer Taxes. Step 5: Recording the Deed. Step 6: Notify Relevant Parties. Step 7: Update Property Records.

Do you have to pay a transfer tax with a quit claim deed in PA?

Realty Transfer Tax Pennsylvania imposes a transfer tax when real estate is transferred, unless the transfer is exempt from the tax. Common exempt transfers include: those between spouses, parents and children, grandparents and grandchidren, and siblings.

What are the requirements for a deed transfer in PA?

The deed must have a minimum 10-point font and one-inch margins on all pages. The deed must identify the municipality and county where the real estate property is located. The deed must include a notarys acknowledgment for any signature on it. The deed must include relevant information about any transfer taxes due.

How much is a quitclaim deed in PA?

Filing Fees Each county in Pennsylvania has the right to set its own fees for filing a quitclaim deed. In Elk County, for example, the filing fee is $78.75. On the other hand, the base fee for a deed in York County is $85.25. Always check your county for any expected fees.

How does a quit claim deed work in Pennsylvania?

Quitclaim Deeds It only transfers an ownership interest from the grantor to the grantee. It does not guarantee that the property is without outstanding mortgages, debts, liens, or encumbrances. This type of deed is most often used in non-sale transactions, such as transfers between spouses or to children.