Indiana Real Estate Transfers

How to Transfer Real Estate Property: 15 Steps (with Pictures)

Transfer Wikihow.com Show details

3 hours ago You can transfer real estate by completing a deed. A deed is a legal document which describes the property being sold and must be signed by the sellers. To begin the transfer of real estate…

Rating: 93%(38)
1. Decide on the type of deed. There are a few kinds of deeds. Each can transfer property. But they differ in the amount of protection that they give the buyer. Warranty Deed. With this deed, the seller guarantees that he or she owns the property being transferred. If the seller does not actually hold title, then the buyer can sue for compensation. A warranty deed provides the buyer with the most protection. You should use it if you don’t know the seller. Quitclaim Deed. With a quitclaim deed, the seller transfers whatever interest in the property that they own. However, the seller does not promise that it actually owns the title to the property. Because quitclaim deeds provide less protection, they are usually used to transfer property between family members or between close friends. Grant Deed. With a grant deed, the seller promises that the title hasn’t been transferred to someone else. Grant deeds are not available in all states.
2. Get the current deed. To transfer the property, you need the legal description of the property. You can find this information on the current deed. If you don’t have a copy of the deed in your possession, you should go to the Recorder of Deeds office in your county and get a copy. The description of property will be listed under “Legal Description” or “Description.” The property will usually be written as metes and bounds, which usually begins with the following language: “Commencing for reference at the dividing line between the City of.…”
3. Find the property’s tax ID. You can also use the property’s tax identification number—though you should use this number to supplement the legal description of property. Some deeds will request this number as a form of identification as well. You can get the tax number from your property tax bill or by visiting the local tax assessor’s office.
4. Obtain a blank deed form. You can find blank deed forms in a variety of places. These “fill in the blank” forms make transferring property easy. To find an appropriate form, you can look in the following places: Your county town office. You can stop in and ask if they have a blank deed form available. Online. There are many deed forms online. You should look for a copy from a reputable source, such as a bar association of attorneys or from your county government. Books. There are books or compact discs of legal forms for sale at many retailers. They often have blank deed forms you can use.

Real EstateShow more