A deed is a legal document that conveys ownership of real estate from one person or entity to another. When selling your home, the deed is used to transfer ownership from the seller to the buyer. The deed typically includes the following information:
- The names of the parties involved: the seller and the buyer
- A description of the property being sold: including the address, square footage, and any other relevant details
- Any contingencies: such as the requirement that the buyer obtain financing or that certain repairs be made before the sale is complete
- Any covenants, conditions, or restrictions: such as restrictions on how the property can be used or any requirements for maintaining the property
The deed is typically prepared and executed by a lawyer or real estate agent, and it is typically recorded with the local county government to ensure that it is a matter of public record.
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