Selling property comes with a certain amount of paperwork that must be done. In the United States, there are many documents relating to transactions with real estate, the sale of land, and one of these documents is the Warranty Deed. This article will discuss the document.
The Warranty Deed is quite similar to the Quitclaim Deed. But unlike the Quitclaim Deed, it guarantees that the seller actually owns the right to the transferred property.
Therefore, this form is used to allow the seller (the Grantor) to transfer title to the real estate to the purchaser (the Grantee).
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North Carolina has its laws and regulations for the completion and use of this warranty deed form. Below are the most important and necessary information required to create this document without any problems.
The basic requirements are set out in §47H-6 and §47B-8 of State Law.
According to them, a seller can be a single individual, a group of persons, or a legal entity.
The Grantee does not sign the document. All you need is the signature of the Grantor and a notary public, who must be present during the signing and certify the form.
After proper preparation and signing of the document, it must be filed. You can do it in the Registry of Deeds in the County where the transferred real property is located.
You should check whether you need to pay any fees when registering the document because the rules are different in each county. Check with your Registry of Deeds for up-to-date information.
To make the process easier, use our form-building software to get the document filled out quickly and correctly.
Below are the filling steps that we have prepared and lined out for you to complete the document without any problems.
1. Fill In the Tax Information
At the very beginning of the form, enter the following data:
2. Enter Information About the Document’s Recipient and Originator
First, specify the contact where you want to send the document after recording it. Enter name and address.
On the next line, enter the full name of the person who created the document, and then enter the address and postcode with a description.
3. Enter the Calendar Date
Write the date the document is signed. Do not forget to write the year.
4. Identify the Seller and the Buyer
On the left side, you should enter the seller’s details (the Grantor), and on the right side, enter the buyer’s (the Grantee’s) details. Indicate the following:
5. Provide the Property’s Details
You need to enter these details regarding the property:
6. Append All the Required Signatures
Further, Grantor is obliged to sign in the presence of a witness. The witness must be a notary public who will certify the form.
7. File the Document with the Authorities
Submit the signed document to the Register of Deeds.