Friday, August 10, 2018

Grant Deed Vs. Quitclaim Deed

Grant Deed Vs. Quitclaim Deed

What is the Difference?

According to Provident Title Company: Here's there explanation
Before the sale or purchase of a piece of property, It is always a good idea to be aware of the various kinds of deeds that may be offered on that property by the seller. 

California registers the transfer of real property from a seller to a buyer with a "deed". Not all real estate ownership is the same, different types of deeds are used to transfer property from a seller to a buyer. The general warranty deed, better known as a Grant Deed is a legal document that conveys (transfers) the greatest level of ownership, or "title", in real estate from a seller, or "grantor", to a buyer, "grantee". It conveys title with such legal terms a "warrant generally" or convey and warrant," and guarantees that the grantor is legal owner of the property. The grantor offers six specific warranties to the grantee that are not offered by any other deed. 

Six Warranties
The seller offers the greatest level of buyer protection with a general warranty deed through six specific warranties. The seller promises that he / she owns the property and has the legal right to sell it. 

Warrants that the title is free of any liens and encumbrances, except those that may be specifically noted in the deed, and guarantees that the title is superior to any other title that may exist on the property. 

Finally, the grantor promises to get any required legal documents that may be needed to make the grantee's title good, and will defend the grantee's title against all legal claims that may be made against it, including compensation the grantee for any loss should the title
prove faulty. These six warranties cover the property from its beginning to the end  of the grantee's ownership in the future. 

A deed has commonly been defined as any instrument, or written document, signed, sealed and delivered, which conveys land or an interest in property. 

Grant Deed: 
A grant deed is much like a general warranty deed in that it also conveys the property and provides many of the usually warranties, but not all. Usually the warranties are limited to a promise that the land was not previously conveyed and that the land is not encumbered other than as noted on the deed, Other than that, typically no other warranties are made. 

Quitclaim Deed
is the simplest of all deeds. It is a deed without warranties, executed by a party simply to convey his interest in the property and nothing more, allowing him to walk away without any further obligations whatsoever. Literally, this deed allows you to quit any claim you have to a piece of property. 

Important Differences
The important difference between a quitclaim deed and a grant deed is any warranties that the deed provides regarding the title to the property. Because a quitclaim deed lacks the usual warranties, it is possible that a person executing this deed has a bad title or no title at all to  a given piece of property. A person takes a quitclaim deed at their own risk.

Requirements and instructions for recording you deed Recording Instructions
Preliminary change of ownership: Required to be filed with the Deed
Grant Deed and Acknowledgment : Grant Deed


Cruising Through California Home Values

Sometimes checking on homes in your area just for the fun of it can be very surprising especially when a neighbors home around the corner sells. "WHAT IT SOLD FOR THAT PRICE" So go ahead and watch the VIDEO and have fun. click link: Crusing The Neighborhood  and the link to HomeViewers.Com

Yes that's me in the upper right hand corner with another fun video that explains the top features and asked the right questions when seeking a realistic evaluation on your home or homes in a neighborhood anywhere in southern california :  click here to watch video 

Treating Your Clients right.. They come back even after the sale 24 years later. click link:  Music Legend Charles Wright calls Dan The Real Estate Man 24 Years Later

Selling a home can be very stressful, preparing it for sale, selecting the right agent and one who will look after your best interest and negotiate the best possible price along with closing the escrow on time. 

Tuesday, June 5, 2018

HomeViewers Real Estate News You Can Use

Conventional Loan or an FHA Loan? 

The reason you would choose a conventional loan or and fha loan would be based on your own personal situation.  Here's how you would determine which loan type is right for you. 

Some factors that all lenders consider are: Financial stability and length of time on your job or same line of work: 

Debt - to - income ratio: for someone getting a conventional loan is at 43 percent.. and of course your Fico or Credit score. The lowest credit score that a lender will look at is 620 fico.. read full article

Top 5 Mortgage Trends to Keep Your Eye On

Planing to buy or sell this year? You should keep yourself ahead of the latest news and regulations when it come to mortgages.. Conventional or Fha. and increase in single - family home construction and a report by Freddie Mac's Economic and housing Research Group predicts a 2 percent increase in home sale over 2017. However this doesn't mean that inventory has increased much, which has made home prices rise. read full article

6 DIY Projects for Spring

Haven't had much of a winter in my opinion, Seems like we had very little rain (Orange County Ca.) but now is the perfect time to get some of those new projects around your home going. If you're looking for fun and easy ways to add some color and vibrancy to your home. Here are some short suggestions which I'm sure you'll enjoy.  read full article

Search For Real Estate Los Angeles / Orange Co. 

Your Friendly Realtor

Thursday, May 17, 2018

HomeViewers Real Estate News You Can Use

How to Hire a Home Contractor: Tips and Best Practices

A home construction or renovation disaster can easily happen if you hire the wrong contractor. We've all heard the horror stories they don't show up or the cost seems to get more expensive. Make use of your state's consumer protection agency and the Better Business Bureau.  read more: Home Contractor Tips and Best Practices  

7 Statistics About Credit Reports That May Scare You

You probably don't give much thought to your credit score in your day to day life, but when the time comes for a major purchase or transaction, the information on your credit report could become a major obstacle.. It's important to monitor these reports so that they're looking their best when it matters. read more: 7 Statistics about Credit Reports   

Is This Your Situation: Curious About the Advantages

of Investing in Real Estate? 

Serious investors are looking for ways to diversify their investments. Is your IRA or 401 K maxed out? Maybe you should look into purchasing rental income and increase you net worth over the long term. Some of my clients have purchase Two or more investment properties.  
1. Real Estate is an appreciating investment
2. Real estate can boost your monthly cash flow
3. Real estate appreciation is very constant  and some years appreciates over 20%
4. Real estate is an excellent TAX Write off .. read more: Invest in Real Estate

Wednesday, February 14, 2018

Pay Off Your Loan At Lightning Speed 

Did you know that less than 20 percent of U.S. homeowners have 50 percent equity or more in their homes? After reviewing the terms of your mortgage. It may seem like it will take forever to pay it off, But paying off your mortgage early is not impossible. By making a few simple changes you will soon be on the road to becoming mortgage - free.. pay off continued

5 steps to Deciding How Much Homeowners Insurance You Need!

Making sure you're not buying too much or too little homeowners insurance can be difficult, but not impossible. Over Under Insured? click here

How Can i Avoid Common Home Buyer Mistakes

There are some common mistakes that home buyers regularly make but that are easy to avoid if you know what to look out for... Home Buyer Mistakes Continued

Wednesday, August 16, 2017

#Serious #Sellers Must See This

Anybody Can Put a For Sale Sign on Their Yard.. But a Professional Gets it SOLD!!

Is the agent on line? Social Media? google his / her name to see their marketing techniques.. example (DanTheRealEstateMan). 

With 92% of homebuyers starting their house hunting on line and don't expect them to get in the car to see your home if the online listings aren't compelling.. Lots of exterior and interior pictures. 

A VIRTUAL TOUR  creates the most buyer interest and will generate the most activity and buyer inquiry on your home, as a result your home sells faster and for a higher price..  LaPalmaVirtualTour

This separates a lot of real estate agents who just aren't interested and shy away from any extra expense on their part to generate a higher volume of activity which leads to faster sale for the client (homeowner). 

Beat the competition with the condition of your home, consider having a termite inspection in advance, this will eliminate any sudden surprises when the inspection is ordered during escrow. 

Have a home inspection done up front before you open an escrow even though this is negotiable and is usually a buyer cost the home inspection if already done and any questionable items are taken care of will eliminate a potential headache for both the buyer and the seller especially is you the seller have already made an offer or are very interested in another property. Having it taken care of in advance will be a big relief for both parties and the selling process will go a lot smother.   Is a Home Inspection Important    

A lot more can be said for curb appeal and interior condition but for now the Virtual Tour (only if the home has been staged property and excess furniture / Pictures on walls / clutter has been remove )

Home Inspection are considered high priority in generating good quality buyers and activity and a HASSLE FREE ESCROW.. Which leads to a great Selling Experience.. Any Questions Please Don't Hesitate To Send Me A Comment. 

Knowing The Value Of Your Home Is Key To Your Decision Making

Saturday, August 12, 2017

Real Estate News That You Can Use

Know Your Home Value Is KEY To Your Decision Making

HomeViewers: Keeping You Informed

5 New and Improved Ways to Protect Your Home

The best way to keep your family safe is to install an alarm system. New innovations in home security have made older alarm packages nearly obsolete.. 

full article:

Great Home Theater Projectors 

You'll need to select one of the best home theater projectors if you're planning to build a state-of-the-art movie room in your home. The right projector depends on factors such as lighting and room size, plan your space and then choose a brand and model accordingly. These are the seven best home theater projectors on the market right now, so decide on a make that will help you create a comfortable place for you and your family to kick back and relax..full article   

Bring These 5 Features of a Chef's Kitchen Home

Where do you start in trying to decide how to improve your kitchen? How can you make yourself a more efficient cook? Click through for some tips on adding professional touches when you're considering a remodel..full article:

Monday, November 7, 2016

HomeViewers_Real Estate News :

HomeViewers News You Can Use

What Are Your Light bulbs Costing You? 

Are you choosing the right light bulbs for your home? It would seem to be a purchase that would require a lot of thought, but bulbs are something you should consider. click through to learn about these taken for granded purchases: Full Article

Is A Mother _ In_Law Suite Right for You?

If the possibly of having to care for your elderly parent is in the future, one option - is a mother_in _ law suite. What if you can't afford to move them into a retirement or care facility? If you haven't looked into a home with a mother _ in _ law suite, maybe you should take a look at a house with an add-on apartment. Full Article

Smart Tips for Buying A Fixer_Upper:

Buying a fixer-upper sounds great, and on TV they make it look like a sweet deal. But is it really? Fixer upper can be a diamond in the rough, or they can be huge money pits that swallow up all your hard earned $ dollars. You will have a better chance of making a success of it if you follow these 10 Full Article

5 Reasons Your Home Insurance Premiums Went Up
Wondering why your home insurance premiums spiked last month? Or just interested in cautionary facts about the inner working of home insurance? Home insurance premiums are an important part of homeownership. So what are the reasons for insurance premiums going up?
Full Article

Over 1000 Closed Escrows

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