Property Transfer please help i'm new to the area of real estate

[Erick Gonzalez]

Hello all my name is Erick I am in the Virginia Richmond and I was hoping I can get some help. I am purchasing a property from someone and am now ready to transfer it to my name. Is it something I can do myself or do I have to use a company ???

[Forrest Faulconer]

Hi @Erick Gonzalez,

Are you purchasing the property cash or financing it? Are you using realtors or is this a for sale by owner? What type of deed is conveying the title? Typically, a title company is used to:

Search title history to uncover any claims or liens on the property, or a potential cloud on the title.

Hold onto earnest money or other monies involved if a broker is not doing so.

Provide title insurance to protect the new owner (you).

Closing, final signatures and ensuring paperwork is in order.

If you do not use a title company then you will need to take care of these items yourself, unless you are using a quitclaim deed or warranty deed, I would highly recommend it.