If you’re buying a house in Grand Junction, you’ll get to know plenty of real estate terminology (including the differences between a broker and a Realtor). One of the terms you’ll hear pretty often: property deed.
But what is it, and how does it relate to your homeownership?
What is a Property Deed?
Commonly just called a deed, a property deed is a legal instrument that assigns the ownership of a piece of property to a certain person. It’s used to transfer title to the land (and its improvements, like a house) to another person.
Where Are Property Deeds Recorded?
Property deeds are recorded at the county courthouse. Typically, there are both electronic records and paper records (everyone needs a backup, right?).
Grantor vs. Grantee
There are two people mentioned in a property deed: a grantor and a grantee.
A grantor is the person or entity (if it’s a business) selling the property.
A grantee is the person or entity (if it’s a business) buying the property.
What’s On a Deed?
The deed is a written document that transfers title to another party. It’ll include the names of the people or entities involved in the transaction, a description of the property, and signatures.
Are You Buying a Home in Grand Junction?
Call us at 970-765-4135 or get in touch with us online to tell us what you want from your next house. We’ll help you find it.
You can also use these links to search for Grand Junction homes for sale by price:
- Grand Junction Homes for Sale Under 100k
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- Grand Junction CO Real Estate 200k – 300k
- Homes for Sale Grand Junction ST 300k – 400k
- Grand Junction Real Estate Listings 400k-500k
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- Homes for Sale Grand Junction ST 700k-800k
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- Grand Junction Colorado Homes for Sale 900k-1 Million
- Grand Junction CO Real Estate Listings Over 1 Million