How to Prepare a Property Deed
A deed is a legal instrument used to transfer ownership of real estate property. You cannot realize a real estate transfer unless you have the transfer of ownership title in writing, and a property deed is the instrument used in most cases. Quitclaim deeds transfer ownership rights to the transferee without making any guarantees. A grant deed makes some promises, such as that the title has not yet been transferred or that there are no encumbrances on the property except for those stated in the deed. A warranty deed makes explicit promise that the property is completely free of ownership claims and liens and guarantees compensation in case of any problems conflicting with the promise. A property deed contains the names of the previous and current owners and a legal description of the real estate.
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Instructions
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1
Gather information for the property legal description that you will have to provide on the deed. In addition to address and location find out what other information you will need to provide to ensure your property description qualifies as a legal description. Approach your local courthouse for a copy of the legal description for real estate property deeds.
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2
Title the deed. Write "Grant Deed/Warranty Deed/Quitclaim Deed" depending on the deed you are drawing up. Specify the amount (money) for which the transfer is taking place under "Documentary Transfer Tax $[amount]."
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3
Start a new paragraph by writing "For Valuable Consideration, receipt of which is hereby acknowledged." List the parties involved in the transaction in this paragraph by continuing the above sentence with the name of the Grantor (the person selling the property) followed by "hereby grants to" and then stating the Grantee's (person buying the property) name.
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4
Provide identification of the property in the next line, starting the description as "the following described real property." Give the street address including city, county and state. Include any other information present on the copy of the legal description obtained in Step 1. List any promises made by the Grantor in case of a warranty deed in the next paragraph.
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5
Provide a date line to specify the date of transaction, below this paragraph. Include two signature lines each for the Grantor and Grantee, below the date line.
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6
Provide some space for notary acknowledgment. The notary will sign and stamp the property deed here. Information will include the notary's name, date on which the notary signs the transaction and the date of expiry of the notary's stamp. So, provide enough space.
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7
Notarize the deed at the notary public office of the county where the property exists and file the deed with the county's property records office.
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