Texas Warranty Deed

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Commonly Asked Questions about Texas Warranty Deed

How does a warranty deed work in Texas?

It is called a Warranty Deed because the Seller who signs the deed is making a warranty [promise] that the Seller owns the property and that the property is clear of liens and other problems that are not stated in the deed.

What is the purpose of a quit claim deed in Texas?

Note: A Quit Claim Deed is also known as a Quick Claim Deed, Quick Deed, or, simply and most correctly, a Quitclaim. When used appropriately, Quitclaims are used to give up or relinquish any claims or interest in a property. A Quit Claim Deed does not transfer title to real estate property in Texas.

Can you sell property with a quit claim deed in Texas?

Once you have a buyer, you can sell a house fast in Texas by using a quitclaim deed. The straightforward process can move even faster if you sell to cash home buyers in Arlington and other Texas locations. Texas cash buyers will provide a fair cash offer.

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.

What is the difference between a quitclaim deed and a warranty deed in Texas?

The major difference between the two is that a warranty deed will give a buyer the right to take legal action against a seller if they do not get the full title they were expecting when they purchased the property.

What is the difference between a quitclaim and warranty deed in Texas?

Where quitclaim deeds provide limited security, warranty deeds offer full legal protection to grantees or buyers after a property changes hands. A grantor who transfers property by warranty deed makes several legal guarantees about the title quality and their right to convey the real estate.

Can I prepare my own warranty deed in Texas?

As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtors office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.

How much does it cost to get a warranty deed in Texas?

The fee to prepare a Property Deed for you is $195. Your deed will be prepared by a Texas licensed attorney in about an hour. This fee does not include the county recording fee. The county recording fee is approximately $15 to $40, depending on the county the property is located in.