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Updated over 5 years ago on . Most recent reply

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10
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1
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Letitia Glenn
  • Real Estate Investor
  • Lakeland, TN
1
Votes |
10
Posts

Should I do a deal via a quitclaim deed?

Letitia Glenn
  • Real Estate Investor
  • Lakeland, TN
Posted

I am selling a property and buyer wants to do a quick deal paying cash and do the deal with a quitclaim deed, and stated using my attorney was fine. I am new to real estate, and never done a deal like this before. Is this advisable and what do I need to watch out for?

Most Popular Reply

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696
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660
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Richard Sherman
  • Rental Property Investor
  • Salem, OR
660
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696
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Richard Sherman
  • Rental Property Investor
  • Salem, OR
Replied

The risk is to them not to you, so sure, that would be fine.  Just make sure NO DEED until all monies are paid.  For that reason I would probably use escrow to at least transact the deal.

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