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The tutorial explains the use of a quick claim deed as a cost-saving method for transferring property, particularly for individuals with existing real estate who are forming a business entity like an LLC. By utilizing a quick claim deed, property owners can avoid lawyer fees, which typically start at $250. This approach is also common for transferring property between family members. The text emphasizes that individuals can handle the process themselves if they are diligent about checking for liens and ensuring that the necessary information is updated, often achievable through resources like the Secretary of State's website. The process can be completed in under fifteen minutes.