Real Estate
Quitclaim Deed
Ohio
Precautions before signing a quitclaim deed?
I am a homeowner and I am in the process of selling my house. My buyer has requested that I sign a quitclaim deed. I understand that this deed will transfer my interest in the property, but I want to understand the legal precautions I should take before signing this document. I want to make sure that I am fully protected and do not have any legal liabilities after signing the quitclaim deed.
1 Attorney answer
Answer
Real Estate
Ohio
Jeffrey K.
ContractsCounsel verified
A quitclaim deed conveys the sellers ownership interest in the property to the buyer with no guarantees of clear title to the property. In contrast, a warranty deed guarantees to the buyer that the seller holds clear title to the property. From a seller’s perspective a quitclaim deed is preferable in that the seller is not providing a warranty of clear title to the buyer. A warranty deed protects the buyer against title defects and is thus preferable to the buyer. If your buyer is getting a owner’s policy of title insurance, that would be sufficient to protect the buyer from defects in title.
33 projects on CC
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot Review
Ask a Question
Ohio Real Estate lawyers by city
- Akron Real Estate Lawyers
- Cincinnati Real Estate Lawyers
- Cleveland Real Estate Lawyers
- Columbus Real Estate Lawyers
- Dayton Real Estate Lawyers
- Toledo Real Estate Lawyers
Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
View Trustpilot Review
I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
View Trustpilot Review
I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
View Trustpilot Review