Edit Legal West Virginia Contract For Deed Forms For Free

(1) ?Land installment contract? or ?contract? means an executory agreement which by its terms is not required to be fully performed by one or more of the parties to the agreement within one year of the date of the agreement and under which the vendor agrees to convey title in real property located in this state to the ...

You must sign the deed and get your signature notarized, and then record (file) the deed with the clerk of the county commission before your death. Otherwise, it won't be valid. You can make a West Virginia transfer on death deed with WillMaker.

West Virginia levies a deed transfer tax (often referred to as an excise tax) on real property. The tax is $1.10 per $1,000. Each county has the authority to establish its own excise tax rate, which the majority do. West Virginia does not have a mortgage tax.

The basic filing fee to record a West Virginia deed is $27.00, which includes a $2.00 preservation fee. The clerk charges an extra $1.00 fee for each page beyond five pages. A deed transferring real estate for consideration costs an extra $20.00 fee.

Each Buyer and Seller should have a fully signed copy of the contract. The original signed contract should be filed (or ?recorded?) in the official county land records.

The followings are exempt from the transfer tax: (1) wills; (2) testamentary or inter vivos trusts; (3) deeds of partition; (4) deeds made pursuant to mergers of corporations, limited liability companies, partnerships, and limited partnerships; (5) deeds made pursuant to conversions to limited liability companies; (6) ...