Transfer Property Deed

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Commonly Asked Questions about Transfer Property Deed

How do I transfer property to another person in Michigan?

A Michigan property owner transfers title to real estate by signing and recording a deed. A deed allows the current owner (grantor) to transfer real estate to a new owner (grantee). Depending on the situation, there may be multiple grantors or multiple grantees within a single deed.

How do you add someone to your house deed in Michigan?

You need to have an attorney draft a deed for you. Then you bring it to the Register of Deeds office for recording. There may be many questions that should be asked of an attorney when you are thinking about adding someones name on your deed.

Does a deed need to be docHubd in Michigan?

Documents executed in Michigan which convey or encumber real estate require a notarys acknowledgment. Documents must be on 8.5 x 11 or 8.5 x 14 paper and must have a 2.5 top margin for the first page, and a minimum 0.5 margin on the other three sides of all pages.

How do I transfer property to a family member tax free in the USA?

Family members can transfer property to one another without estate tax penalties by putting the property into a trust. When placed into an irrevocable trust, the property is no longer considered part of your estate after you die.

What is the most common way to transfer ownership?

The most common way to transfer property is through a general warranty deed (sometimes called a grant deed). A general warranty deed guarantees good title from the beginning of time.

What is the best deed to transfer property?

A general warranty deed is often considered the most common way to transfer real property. It is used when you are aware and confident that the title to your property is good and marketable. It is most commonly used for residential real estate transactions.

How to transfer a house deed in Michigan?

Sign and date the quitclaim deed in a notarys presence, then file it with the County Register of Deeds Office in the propertys county, not the county where you live. Once the deed is filed and recorded, the transfer is deemed legal.

How much does it cost to transfer a house deed in Michigan?

Current Transfer Tax rate is $8.60 per $1,000, rounded up to the nearest $500. $7.50 is State Transfer Tax and $1.10 is County Transfer Tax. Transfer tax imposed by each act shall be collected unless said instrument of transfer is exempt from either or both acts and such exemptions are stated on the face of the deed.