Understanding the Deed

The deed is arguably the most crucial document in any property transfer. This legal document officially transfers ownership of the property from the seller (grantor) to the buyer (grantee). Pay close attention to the legal description of the property, ensuring it accurately reflects the land being transferred. This description often includes details like lot and block numbers, metes and bounds (precise measurements and boundaries), and any easements or rights-of-way. Discrepancies here can lead to serious problems later on. Also, make sure the names of the grantor and grantee are accurately spelled and match other official identification documents.