What are the requirements for a warranty deed in Virginia?

A Virginia warranty deed is only valid if it meets the requirements of Virginia law. These requirements include a valid legal description, statement of consideration, and a description of the manner in which co-owners will hold title, font size and page format requirements, and signature and notarization requirements.

How much does it cost to transfer a deed in Virginia?

In Virginia, transfer taxes are $3.50 per $1,000 of home sale price. This is usually split as $1 per $1,000 for the seller and $2.50 per $1,000 for the buyer. On a $300,000 home, that comes out to $1,050 total $300 for the seller and $750 for the buyer.

Can I change the name on the deeds of my house?

In all cases, changing the name on a house deed entails a small cost, but the amount varies depending on the value of the property. Often the will of the deceased will specify the person who will deal with their estate, but if there is no will, the next-of-kin becomes the deceased's personal representative.

How do I change the deed on an inherited property in Virginia?

There is no need to create a new deed. The recorded Will is essentially the deed that proves that the beneficiary owns the property. At the time of recordation, the clerk will charge a one-time city or county tax. This is usually 1-2% of the value of the real estate.

What is the difference between a general warranty deed and a special warranty deed in Virginia?

A Special Warranty Deed differs from a General Warranty Deed in it only protects the Buyer (Grantee) from breaches of specific warranties caused only by the Seller (Grantor). Therefore, the Special Warranty Deed will not protect the Buyer (Grantor) from issues caused by prior owners.

How do I transfer a deed to a family member in Virginia?

A deed of gift must be signed by all parties, notarized by a Virginia notary, and witnessed by two or more parties who have no ownership interest in the property. The deed must be submitted to the recorder's office in the county of Virginia where the property exists.

What is a Virginia form of special warranty deed?

The Virginia special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

How do I change a deed in Virginia?

The only way to change a recorded deed is to have a new deed prepared and recorded in the Clerk's Land Records Office. The deed on record cannot be changed. Once a document is recorded, it cannot be changed.

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Virginia Warranty Deed From Individual To Corporation

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- WARRANTY DEED (Individual to Corporation) KNOW ALL MEN BY THESE PRESENTS THAT: FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, , an Individual, married unmarried, hereinafter referred to as Grantor , does hereby grant, convey and warrant unto , a Corporation organized under the laws of the state of.

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