Dar-Mardan-Realtor-CPA
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Staking Your Claim: Understanding Titles and Deeds in Property Ownership
Title: Think of the title as your invisible badge that says you're the boss of a certain place, like a house or a piece of land. While you can't touch or see this badge, having it means you can decide what to do with that place — live in it, sell it, or even let someone else use it. It's just the idea or feeling that "this place is mine."
Deed: Now, to show other people that you really have this invisible badge, you need some proof. That's where the deed comes into play. The deed is a piece of paper that makes it official that the place is yours. There's also a special kind of deed called a "grant deed." This isn't just any paper — it's a promise that the person selling you the place really had the right to do so, and there aren't any secret issues or debts attached to it.
In simpler words: The title is like saying, "I'm the boss of this place," and the deed is the official paper that backs up your claim.
About the Author
Dar Mardan, a seasoned realtor at Pacific Sotheby's International Realty, is your guide to all things real estate in sunny Orange County. With an emphasis on informed decisions and an array of knowledge spanning real estate, tax strategies, trusts, and more. Dar alongside his talented wife, Vida, offer a comprehensive, personalized approach to serve clients' real estate needs.
Title: Think of the title as your invisible badge that says you're the boss of a certain place, like a house or a piece of land. While you can't touch or see this badge, having it means you can decide what to do with that place — live in it, sell it, or even let someone else use it. It's just the idea or feeling that "this place is mine."
Deed: Now, to show other people that you really have this invisible badge, you need some proof. That's where the deed comes into play. The deed is a piece of paper that makes it official that the place is yours. There's also a special kind of deed called a "grant deed." This isn't just any paper — it's a promise that the person selling you the place really had the right to do so, and there aren't any secret issues or debts attached to it.
In simpler words: The title is like saying, "I'm the boss of this place," and the deed is the official paper that backs up your claim.
About the Author
Dar Mardan, a seasoned realtor at Pacific Sotheby's International Realty, is your guide to all things real estate in sunny Orange County. With an emphasis on informed decisions and an array of knowledge spanning real estate, tax strategies, trusts, and more. Dar alongside his talented wife, Vida, offer a comprehensive, personalized approach to serve clients' real estate needs.