Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

Take Title!

by Cheryl Scott-Daniels

 

Whether you are buying or selling real estate, you will eventually come face to face with the one document which transfers title from seller to buyer - the “deed”.  The actual transfer of ownership officially takes place when the deed has been “signed, sealed and delivered” to the purchaser.

Historically, under English common law, the transfer of real estate took place in a ceremony called “livery of seisin”.  The owner would meet the purchaser on the land and hand over a twig or clod of dirt.  Although a written statement of the sale followed, it was the ceremony which signified that a sale had taken place.

Today it is the written document, the deed, which marks the conclusion of the sale. It is said that the seller is the “grantor” in the sale – granting all rights and privileges of ownership to the “grantee”.

To be valid, a deed must be in writing, and name both the grantor(s) and grantee(s). It is signed only by the grantor(s), however. Furthermore, the grantor must have legal capacity to convey ownership.  Having legal capacity means that the grantor(s) is of legal age to make conveyance and is of “sound mind”.  All deeds should be drafted by an attorney.  A good deed also contains a “legal description” of the property being conveyed. The property must be described so as to leave no doubt about exactly what real estate is being transferred.  It must also contain certain legal conveyance language.

Finally, a deed must be signed, sealed and delivered. The transaction is not consummated until the signed, sealed deed is actually delivered to the buyer.

This important document should be recorded then kept in a safe place. It is the buyer’s proof of ownership. A REALTOR® can answer other questions about the conveyance of real property.

Take Center Stage!

by Cheryl Scott-Daniels

 

Lights! Camera! Action! When the curtain goes up on the marketing of your home, who will be in the audience?  What will they see?  Will your home, at center stage, receive a standing ovation?

As sellers, you play an important role in the marketing of your home. You will be playing to a diversified audience with a variety of expectations – the homebuyers.

Your real estate agent takes on the role of “director”, coordinating the activities such as advertising, promotion, proper staging of the home for sale, and making a winning presentation. As sellers, you will be responsible for some very important behind the scenes activities. First, it will be up to you to be sure that the stage is set for maximum buyer appeal. Your home should be inspected for needed repairs, and all maintenance items should be completed before the first showing.

From cleaning, to painting, to organizing closets and storage areas, your home should reflect the pride of ownership every buyer loves to see. This includes some important props too – like flower arrangements on the dining table, a blazing fire on a cold winter’s day, or the aroma of fresh baked cinnamon rolls in the over.

There is detail work too. Be prepared to provide your real estate agent with factual information needed to satisfy buyer questions.

Monthly utility bills, floor plans of the house and a copy of the property survey are just a few of the items important to buyers. Photographs of your yard during all seasons, copies of major repair bills, and a detailed list of your home’s features are also helpful.

Your agent will display this information to your advantage when showing the home, and give you advice about preparing your home for showing. When it’s time for the curtain to go up on your home, play your part with enthusiasm and pride!

Displaying blog entries 1-2 of 2

Syndication

Categories

Archives