A deed must be in writing.
A deed is not the title to the land but merely an instrument, which transfers title.
A deed must conform to all the elements of state law for it to be a legal instrument.
A deed does not have to be recorded at a county courthouse to be legal. Recording a deed merely publishes the deed and gives notice to everyone else in the world interested in the identified property that there has been a change in ownership.
A deed must be signed by a seller, then delivered to a buyer for a change in title to have occurred. (The buyer must accept title.)
Posted by Art on 8/05/2007
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Take care using the various sites currently available. There are still considerable inaccuracies associated with these services.
In our fluid, changing market, if the old values used are too high, a Seller will want to price a property too high. This will result in the property being on the market a longer time before the price has to be adjusted to meet ‘real time’ conditions.
Conversely, if the valuation indication is to low, then it will create a headache for a Seller with an accurately priced property with a Buyer using an online valuation as a guide.
Best to use ‘real time’ comps provided though the local MLS service…
Posted by Art on 5/05/2007
Posted in General | No Comments »