legal question. Given a waranty deed and quitclaim deed, which critiques the relative merits and

2 ANSWERS

1. Guest2112
   

   Funny, I'm taking Land use now :)
   
   Well, any time you have a chance to, go with the Warranty deed. Warranty Deeds, as their name suggest, are an assurance from the seller that nothing detrimental is attached to the property (like a lien, or some other complex convenience.)
   
   As for the quitclaim, while they can garner a good price, are usually a result of some complex forms of conveniences. These deeds are not "secure" in the sense that the person selling them is not neccerially the final "FEE Simply Abosulte owner."
   
   As for the best needs of the average buyer, I would have to inquire for more specifics:
   
   If you planning on living long term in your home, then I would suggest you review you title thoroughly and get a warrented title, because if its a quitclaim title and something triggers an heirs right they can then have title of your home: Although you usually have legal recourse.  
   
   If your young or whatever, and dont think you wanna live per se in the house forever, a quitclaim title might work in your favor, as you can usually bargin down your cost.
   
   Hope this is what your looking for.

   Report (0) (0)  |   12 years, 9 month(s) ago  

2. Guest2502
   

   Funny, I'm taking Land use now :)
   
   Well, any time you have a chance to, go with the Warranty deed. Warranty Deeds, as their name suggest, are an assurance from the seller that nothing detrimental is attached to the property (like a lien, or some other complex convenience.)
   
   As for the quitclaim, while they can garner a good price, are usually a result of some complex forms of conveniences. These deeds are not "secure" in the sense that the person selling them is not neccerially the final "FEE Simply Abosulte owner."
   
   As for the best needs of the average buyer, I would have to inquire for more specifics:
   
   If you planning on living long term in your home, then I would suggest you review you title thoroughly and get a warranted title, because if its a quitclaim title and something triggers an heirs right they can then have title of your home: Although you usually have legal recourse.  
   
   If your young or whatever, and don't think you wanna live per se in the house forever, a quitclaim title might work in your favor, as you can usually bargin down your cost.
   
   Hope this is what your looking for.

   Report (0) (0)  |   12 years, 9 month(s) ago