Things You Need to Know about Property Transfer

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Property transfer can seem like a daunting process. It doesn't have to be with the right guide

In this ultimate guide, we will walk you through every property transfer step so that you know what to expect.

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The first thing you need to know about property transfer. It is the transferring ownership of property from one person to another. You will need to have a few things in order:

  • The deed to the property

  • A title search

  • A property survey

This process can be broken down into a few different steps:

 

  1. The first step is for the seller to prepare and sign the deed. This document transfers ownership of the property from the seller to the buyer.

  2. Then, the buyer should pay the purchase price. It can be done through a lump-sum payment or a financing arrangement. After paying the purchase price, you can move to the next.

  3. Afterwards is to record the deed with the county clerk. This step makes the property transfer official. Futher, the deed will be kept on record at the county clerk’s office.

  4. The final step is to pay the property taxes. The buyer usually pays property taxes, but the seller may agree to pay them in some cases.

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If you’re buying or selling property, be sure to use this guide as a resource to know what to expect.

So if you have any questions about property transfer, Keller Williams Philippines can help you. Feel free to reach out to us, and we would be happy to help!

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