Title Examination and Title Insurance : We will diligently examine the title to the property to make sure there are no issues with the title.We am also experienced in preparing a wide range of real estate-related documents, including conveyance documents, financing agreements and lease-purchase agreements. Preparation of Real Estate Documents: We can handle every aspect of your purchase contract, including negotiation, drafting and review.Seller Representation: We will provide you with sound legal counsel and representation for all the issues you could face as a seller, including responding to the buyer’s contract contingencies, required disclosures, preparation of closing documents, representation at closing, closing statement review, closing costs, conveying marketable title, title defects and issues with your own lender. ![]() We will also help you understand everything you need to know about property taxes and Florida homestead tax exemption laws. For the same cost as a title agent, we provide additional legal counsel and services that a licensed title agent cannot provide, involving contract negotiation, loan documentation and lender fees, taking title, title insurance and assistance through the closing process. Buyer Representation: Since buying a home is one of the biggest purchases you will make, it is important to work with a real estate attorney knowledgeable in the complexities of real estate law.we take a personalized, detail-oriented approach to protecting my clients in residential real estate services that include: Residential Real Estate Transactions and ClosingsĪt Jurado & Farshchian, P.L. It is important to have someone with legal knowledge and experience looking out for your interests. Whether you are an investor or private individual buying or selling a home, a residential real estate transaction can be exciting as well as complicated. This requires you to pay a gift tax however, this tax has some exclusions.Īre You trying to avoid probate in Florida and want a transfer of property ownership using a Deed? Contact your real estate Lawyer to make enquires and learn more.Residential Real Estate Attorney Miami Florida It might cause you to pay gift tax: When payment for the transfer isn’t received, the IRS considers the transaction as a gift.It comes with adverse tax consequences: There may be gift taxes or penalties associated with failing to report the gift if the value exceeds the yearly gift tax limits.Hence, transferring by Deed bypasses all of these.ĭisadvantages of Using a D eed For Real Estate Property Transfer In Florida Bypassing both creditors and beneficiaries’ creditors: If you transfer real estate Property through probate, it is subject to the claims of your creditors and the creditors of your beneficiaries unless the property transferred qualifies as your homestead.Hence, a transfer by Deed saves you the delays and expenses of Florida probate. Simplification of your property transfer: A Deed transfers ownership of your property in Florida and automatically bypasses probate.The effect of using a deed to transfer property in Florida can be categorized into 2 Advantages of Using a Deed For Real Estate Property Transfer In Florida How Deed A ffect R eal Estate Property T ransfer in Florida Generally, there are five main types of deeds in Florida, and each of them has different effects that come with each. Read on to learn the types of deeds and how they affect real property transfer in Florida. However, there are some notable downsides to using a deed. Using a deed to transfer real estate properties allows one to bypass probate. Two witnesses and a notary public must be present to execute a deed in Florida. Thus, when you transfer the tile or ownership of a property in Florida, the seller must sign a deed transferring the property from the existing owner, known as the grantor, to the new owner, otherwise known as a grantee, at closing. The legal document affirms, passes, and confirms real estate property transfer title and ownership. What is a Deed?Ī deed is necessary to transfer ownership or title of a real estate property in Florida. ![]() ![]() Read on to find out what is deed and how they affect real estate property transfer in Florida. Hence, a deed is needed, which acts as proof of conveyance. When ownership changes hands, it must be reflected in the public records. The ownership of real estate properties in the United States is recorded and held at the County Recorder’s office. Posted on: MaWhat is Deed and How they Affect Real Estate Property Transfer in Florida
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