This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title Without In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00447BG
Format:
Word
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FAQ
1.50% Measure E is a Transfer Tax applied at graduated increments on the sale or transfer of real property over two million dollars in the City of San Jose.
In Santa Clara County, the responsibility for paying transfer taxes typically falls on the seller.
Property Tax Reassessment: In California, transferring property as a gift may trigger a reassessment of the property's value, leading to higher property taxes for the recipient. However, certain exemptions, such as the parent-child exclusion, may apply.
The grantor signs the deed in the presence of a notary public. Notarizing the deed adds validity. The executed deed is delivered to the buyer and recorded with the county recorder's office. Recording establishes the buyer's legal ownership and provides notice to the public.
You'll find most California property deeds at the County Clerk's office, also called the Registrar/Recorder office. Some of them provide online searches. Others require visiting their offices. For example, the San Diego County Clerk's Office provides online searches.
A grantor may make a gift of property to the grantee, and use a grant deed form or a quitclaim deed form for the purpose.
– Quitclaim Deed: This deed transfers the grantor's interest in the property without any warranties or guarantees. It is often used for transfers between family members where the grantor may not want to warrant the current status of title.
How to transfer property ownership Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.