Selling Your Home

If you are in the market of purchasing or selling a home, it is likely that you will come across many different documents of a wide variety, each of these will likely have different uses, functions, and names associated with it. When selling or buying a home two documents that are misunderstood the most are called quit claim deed and warranty deed. People tend to believe that both forms are exactly alike, well I am here to tell you differently.

Warranty Deed

This document is a deed that is presented to you by the seller and can be used in a wide variety of transactions that involve sales. This warranty basically tells you that the property being sold is indeed owned by the seller and that there are not any types of liens placed upon it, essentially saying it is free and clear. This assures the buyer that the seller has all legal rights in transferring ownership to them without any type of holdings on it. This means that there are no claims that could be made by anyone that may include financial institutions or otherwise, on this property. With the warranty deed, the buyer is protected by the court of law if the claims should prove to be false or the event occurs when someone does have the ability to place claim on the property. The law states that in either of these events, the buyer would be entitled to compensation of some form. It is seldom that the warranty deed will not be coupled with an insurance policy on the title, so the buyer is assured a free and clear title.

Quit Claim Deed

This deed is on the opposite end of the spectrum from the warranty deed. The quit claim deed, is generally presented to you by a seller who likely does not personally own the property in question, however, they do have some responsibility over it. There are a variety of reasons that a quit claim deed can be used this can include, when the actual owner has died but has left the property in question to a friend or family member. Additionally, it can be used when a couple has gotten married and the spouse wants to include the other party on the title. This type of deed does not offer the same type of assurances to the buyer as the warranty deed does, it is for this reason that this is typically used when the sale will occur within the family.

Posted by Joe Sorrentino on December 13, 2008 at 12:00 AM

About Joe Sorrentino
Joe Sorrentino is affliated with Realty USA, which is located in Williamsville, NY. For further assistance please use the contact information located on the right.

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Local Information for Williamsville, NY

Latitude: 42.904657 -- Longitude: -78.849405

ZIP Codes for Buffalo, New York	14201 14202 14203 14204 14205 14206 14207 14208 14209 14210 14211 14212 14213 14214 14215 14216 14217 14218 14219 14220 14221 14222 14223 14224 14225 14226 14227 14228 14231 14233 14240 14241 14260 14261 14263 14264 14265 14267 14269 14270 14272 14273 14276 14280
Area Code for Buffalo, New York	716
Time zone for Buffalo, New York	EST

Other Area Cities: West Seneca, NY Amherst, NY Buffalo, NY Clarence, NY Hamburg, NY Tonawanda, NY Orchard Park, NY Kenmore, NY Lancaster, NY Niagara Falls, NY

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Buffalo is an American city in western New York State. With a population of 279,745 as of the United States Census Bureau's 2005 estimate [1], it is the state's second-largest city, after New York City, and is the county seat of Erie County.GR6 The Buffalo-Niagara metropolitan area has a diverse population of 1.1 million. Buffalo's thriving arts, cultural, and nightlife scenes are considered the hub of the greater bi-national region in New York and Ontario. Buffalo lies at the eastern end of Lake Erie near the head of the Niagara River, which connects to Lake Ontario. European-Americans first settled there in the late-18th century. Growth was slow until the city became the western terminus of the Erie Canal some forty years later. By the turn of the next century, Buffalo was one of the country's leading cities, and by far its largest inland port. -- Source: Wikipedia.com

New York 2000 Census Population Profile Map

	Buffalo	New York	United States
Population	292,648	18,976,457	281,421,906
Median age	33.6	35.9	35.3
Median age for Male	31.6	34.5	34
Median age for Female	35.3	37.2	36.5
Households	122,720	7,056,860	105,480,101
Household population	281,522	18,395,996	273,643,273
Average household size	2.29	2.61	2.59
Families	67,053	4,639,387	71,787,347
Average family size	3.07	3.22	3.14
Housing units	145,574	7,679,307	115,904,641
Occupied units	122,720	7,056,860	105,480,101
Vacant units	22,854	622,447	10,424,540

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Selling Your Home

Local Information for Williamsville, NY

Latitude: 42.904657 -- Longitude: -78.849405

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