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What are the different types of deeds in Arkansas?

There are three main types of deeds for transferring Arkansas real estate during the owners life. The three Arkansas deed formsquitclaim deeds, special warranty deeds, and warranty deedsdiffer in the warranty of title (if any) the new owner receives.

How much does it cost to change house deeds?

There is some disparity between different conveyancing solicitor firms, however, with fees typically ranging from 250 to 750 plus VAT.

How do I transfer a property deed in Arkansas?

When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.

What is a warranty deed in Arkansas?

An Arkansas warranty deedsometimes called a general warranty deedtransfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the propertys entire chain of title.

Does a quitclaim deed have to be docHubd in Arkansas?

This deed must be signed, docHubd, and recorded in the county where the property is located. Some counties have more than one recording office, so you need to be sure this deed is being recorded in the correct recording office. Must list the name and address of the person who prepared this deed.

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Is a quit claim deed OK?

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 members, for instance, from a parent to a child.

How does a quit claim deed work in Arkansas?

An Arkansas quitclaim deed is a form that is used to transfer property from a seller to a purchaser without any warranty on the title. This type of deed only transfers the interest that the seller owns which may be no interest at all or clear title to the property.

How much does it cost to transfer a deed in Arkansas?

The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.

Who pays the transfer tax in Arkansas?

Homebuyers in the majority of the country minus 13 states need to account for real estate transfer taxes in their closing costs, including Arkansas. Transfer taxes are local and state government taxes that are paid as the seller transfers the home to the buyer.

Is a quitclaim deed legal in Arkansas?

An Arkansas quitclaim deed is one of three deed forms Arkansas recognizes for transferring real estate during the owners life. The distinguishing feature of quitclaim deeds is that they transfer the current owners interest with no warranty or covenants of title.

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Is a quit claim deed OK?

How does a quit claim deed work in Arkansas?

How much does it cost to transfer a deed in Arkansas?

Who pays the transfer tax in Arkansas?

Is a quitclaim deed legal in Arkansas?

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Get the up-to-date Warranty Deed from two Individuals to Husband and Wife - Arkansas 2024 now

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The fastest way to redact Warranty Deed from two Individuals to Husband and Wife - Arkansas online

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Got questions?

What are the different types of deeds in Arkansas?

How much does it cost to change house deeds?

How do I transfer a property deed in Arkansas?

What is a warranty deed in Arkansas?

Does a quitclaim deed have to be docHubd in Arkansas?

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People also ask

Is a quit claim deed OK?

How does a quit claim deed work in Arkansas?

How much does it cost to transfer a deed in Arkansas?

Who pays the transfer tax in Arkansas?

Is a quitclaim deed legal in Arkansas?

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