Deeds of Conveyance

Ever wondered how to legally transfer property ownership? A deed of conveyance is your golden ticket.

Let's dive into the nitty-gritty of this crucial real estate document.

What's a Deed of Conveyance?

A deed of conveyance is the legal superhero of property transfers.

It's the document that officially moves ownership from one party (the grantor) to another (the grantee).

Think of it as the handshake that seals the deal in the property world.

Types of Deeds: Choose Your Weapon

Not all deeds are created equal. Here's the rundown:

General Warranty Deed: The Rolls-Royce of deeds. Offers the most protection for buyers.

Special Warranty Deed: The middle-ground option. Protects against issues during the seller's ownership.

Quitclaim Deed: The bare-bones version. Transfers whatever interest the seller has, without guarantees.

Grant Deed: Common in some states, it's similar to a warranty deed but with fewer guarantees.

Also, some states allow for ladybird deeds or transfer on death deeds. 

The Anatomy of a Deed of Conveyance

Every deed of conveyance needs these key ingredients:

• Names and addresses of the grantor and grantee

• Legal description of the property

• Consideration (the price or value exchanged)

• Signatures of all parties involved

• Notarization

The Transfer Process: Step by Step

1. Prepare the deed (hire a real estate attorney if you're not feeling like a legal eagle)

2. Review the document (double-check everything, folks)

3. Sign in front of a notary public (make it official)

4. Record the deed at the county recorder's office (get it on the books)

5. Pay any necessary fees or taxes (Uncle Sam always gets his cut)

Common Pitfalls: Don't Trip Up

Avoid these blunders:

• Incorrect property description

• Missing signatures

• Failure to notarize

• Not recording the deed promptly

Tax Implications: The Taxman Cometh

Property transfers can trigger tax events. Consider:

• Capital gains tax

• Gift tax

• Estate tax

• Property tax reassessment

Consult a tax pro like an enrolled agent to navigate this minefield.

Special Situations: When Things Get Tricky

Transferring to a Trust: Estate planning move. Requires specific language in the deed.

Divorce Transfers: Often uses quitclaim deeds. Check with a legal document preparer in Florida

Inherited Property: May involve probate if the property is not in a life estate or T.O.D. Consult an estate lawyer.

Digital Age: E-Deeds and Online Recording

Some counties now accept electronic deeds and online recording.

Check your local rules. It might save you a trip to the courthouse.

Title Insurance: Your Safety Net

Consider title insurance when receiving property.

It protects against hidden title defects that could jeopardize your ownership.

Deed vs. Title: Know the Difference

The deed is the physical document.

The title is the legal concept of ownership.

You need the deed to prove you have title.

When to Seek Professional Help

DIY is great for home improvements, not so much for legal documents.

Consider hiring a legal document preparer  for complex transfers or high-value properties.

 We Sell Downloadable Deeds for DIY Florida residents in a an editable template as well:

• DIY Ladybird Deed Forms: Florida's most in-demand deed for seamlessly transferring property upon death. Download $18

• DIY QuitClaim Deed Forms: Add or remove a property owner as a title holder. Download $10

• Prices: Preparation only-$175. Preparation + Mobile Notary $300. Preparation, Notary & Witness (FL LAW REQUIRES ON ALL DEEDS) $350. 

We can prepare  conveyance deeds, and enhanced life estate deeds and furnish a mobile notary to assist in execution. We can also assist with recording of deeds in Public Records!

Call: 1-321-283-6452 To Book A Mobile Notary for Notarized & Witnessed Deeds or other Deed forms!