A real estate deed transfers the ownership and/or title of a property from one party to another. It contains a legal description of the property and identifies who the buyer and the seller are. A real estate lawyer can draft this legal document easily. This written document is only one of the documents that are used in a majority of real property transactions.
What Does the Preparation of Deeds Contain?
Most sellers use an attorney in the preparation of a deed in Texas to make sure that all the requirements of a valid deed are satisfied. There are several reasons why this is important. First of all, it ensures that the real estate deed is correct and precise to avoid any uncertainties in the future regarding the title of the land.
Also, a real estate attorney in Arlington can include right of survivorship in the preparation of deeds, which means that if one owner of the property is deceased then his shares passes to the co-owner automatically. This is a great choice for married couples who want this automatic transfer without the need for probate of a will.
In Texas, there are five requirements in order for a deed to be valid. These include:
- Must be in writing;
- Be signed by the seller;
- Include the buyer's name;
- Be delivered to and accepted by the buyer
- Contain the legal description of the property
Only a licensed real estate attorney in Arlington, Texas can prepare and execute this type of deed. John Hixson and his legal team are well versed in assisting clients in navigating the process of buying or selling real estate, financing transactions, and negotiating leases. If you or a loved one need help with preparation of deeds, call 817-261-5000 to speak to a professional real estate lawyer in Arlington, Texas today.