As a seller you are going to incur the cost of preparing a deed to transfer your property to the new owners. At Lawyers Realty, this comes at no extra cost. In a typical real estate transaction a fee of about $150-$200 would appear on the settlement sheet as a charge to you for preparing the deed.
Getting the deed ready is a detailed process. It includes checking the accuracy of the legal description, plotting boundaries, as well as the determining the chain of title and if there any encumbrances (easements, liens etc.). In Pennsylvania most deeds are "Special Warranty" Deeds that insure the owner for good clear title (right to ownership) back to the date of purchase. Deeds that are "General Warranty" cover the entire chain of title going back through time – these are rare as title companies typically do not want to insure them.
Lawyers Realty also does a title search for the Seller's property as soon as it is listed to avoid any surprises that otherwise would have come up closer to settlement. If you are thinking about selling your home, talk to one of our real estate professionals today about how the Lawyers Realty difference can save you in time, money and peace of mind!