A Lot You Did Not Know…About Property Sales
Two excellent articles landed in my inbox, and they will be particularly useful to first- time home buyers/sellers and others.
Both articles are from * Investopedia.com and they offer detailed information in clear and precise language. The first article is about quit claim deeds; the second is about contingency clauses.
If you are ever faced with the purchase of a property with a quit claim deed, you may want to be informed about the risks and guarantees of such a deed.
Top Five Things to Know About Quitclaim Deeds By Jean Folger (Updated March 2, 2017) – the article does an excellent job in explaining the basics of quit claim deeds.
The second article by Jean Folger is:
Contingency Clauses In Home Purchase Contracts by Jean Folger (Updated March 3, 2017) – an excellent review of the use of contingency clauses.
When in doubt, have the property purchase or property transfer documents reviewed by a qualified professional. A review could save you problems later when you want to sell the property.
* Investopedia is also on Facebook
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