Can I sell a house with a quitclaim deed? You could use a quitclaim deed to transfer property to a new owner without actually exchanging money.
If you have questions about an ownership transfer for a house, our team can help. We are the “sell my house fast in Pittsburgh” experts.
What a Quitclaim Deed Involves If You Are Trying To Sell a House
When using a quitclaim deed, a person releases interest in a property. When using this type of process, people do not have to reveal their legal rights to the property.
The quitclaim deed doesn’t guarantee that the person using it has any valid ownership interest in the property. It simply requires that the person using the quitclaim deed relinquishes all rights to it.
Typically, you would not sell a Pittsburgh, PA, home with a quitclaim deed. Instead, this process usually involves transferring property between family members. It usually lets you transfer the property in a situation where you are not selling it.
Before you accept a home using a quitclaim deed, you may want to look for title defects. You might want to perform a title search to ensure the property doesn’t have existing liens.
Steps for Selling a Home Using a Quitclaim Deed in Pittsburgh, PA
Can I sell a house with a quitclaim deed and receive a favorable result in Pittsburgh, PA? In other words, if you obtained a property using a quitclaim deed, can you sell it? You can, but you have to work through a few steps.
With the quitclaim deed, you hold the title to the property, giving you the right to sell. However, unlike a typical property sale, the quitclaim deed transfer might not have involved title insurance or a real estate contract.
You Might Need To Transfer the Mortgage
After executing a quitclaim deed, your name won’t be on the mortgage. Before you can attempt to investigate selling the home, you would need to transfer the mortgage into your name.
Before executing a quitclaim deed, you want to be sure any liens or tax obligations are clear between both parties.
Providing Protection During the Sale
One challenge when selling a house with a quitclaim deed is that the buyer doesn’t have certain protections. Although buying or selling a house with a quitclaim deed is legal, you should probably limit using it to people or entities that you fully trust.
Call Sell Pittsburgh Now, LLC — We Are Ready To Buy Your Pittsburgh, PA, Home
Can I sell a house with a quitclaim deed, or do I need a warranty deed? Our team at Sell Pittsburgh Now, LLC, is ready to buy your home today. If you have questions about the deed and your legal liability, we can help.
Similar to how Selling a house in winter can be different from selling in the summer. Having a quitclaim deed on the home can also create a complex selling situation. No matter the season or issue, we can help.
We are ready to buy homes in any condition and with any complexities. Call us today at (412) 275-5238.