Have you heard the term “quitclaim” recently, but aren’t sure what it means? If you’re currently transferring property to your spouse or a family member, you’ve probably heard a lot about quitclaim deeds. Quitclaim deeds allow ownership of a property to be quickly and efficiently transferred, without the home needing to be sold. There isn’t any money involved in this kind of transaction. This is different from a warranty deed, which is more commonly used in real estate transactions. Typically, if you’re looking to transfer property to a family member, this is when a quitclaim deed would come into play. To learn more about transferring property and the deeds involved in the process, contact us today.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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