I am handing over my condo to my sister and brother-in-law for a price. they plan to use it short term and will eventually put it on the market when they are ready. I will be living out of state and do not want to be involved. The property is paid for so I am putting it in their names for the current market value.
If your buyers are willing to pay you market and accept a quit claim deed, you must be one heck of a salesman!
This is a valuable transaction are your buyers unwilling to spend a couple hundred dollars to ensure that they actually have a marketable title? Has anyone thought about title insurance or other encumbrance issues?
Honestly, I can't answer your question in this forum. I have no idea what you have written in or failed to write into the Quit Claim Deed. Must attorneys will handle a simple transaction like this for only a couple hundred dollars, I encourage you to contact an attorney to draft this Deed. My suspicion is that a quit claim deed may not be the best way to handle this transaction.
Good Luck!
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