Seattle Washington Bargain and Sale Deed - with individual acknowledgment

State:
Washington
City:
Seattle
Control #:
WA-1027-08
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Description

This is an official Washington form for use in land transactions, a Bargain and Sale Deed (with individual acknowledgment).

In Seattle, Washington, a Bargain and Sale Deed with individual acknowledgment is a legal document used in real estate transactions to transfer ownership of a property from the seller (granter) to the buyer (grantee). This type of deed provides the grantee with certain assurances regarding the title of the property, but it does not come with any warranties or guarantees against liens, encumbrances, or other claims. The Bargain and Sale Deed with individual acknowledgment is typically used when a property is being transferred without a traditional mortgage or financing involved. It is commonly used in cash transactions or situations where the granter is not providing any guarantees about the property's condition or title status. The individual acknowledgment aspect of this deed refers to the requirement of having the granter personally appear before a notary public or other authorized official to declare that they have voluntarily signed the deed. This acknowledgment serves as a form of verification that the granter understands the implications of the document and is acting of their own free will. Different versions or variations of the Seattle Washington Bargain and Sale Deed with individual acknowledgment may exist based on specific circumstances or additional clauses added to the standard form. For example, a Special Warranty Deed may be used in certain cases where the granter provides limited warranties or protections against title defects that may have occurred during their ownership, but not prior to that. Additionally, a Bargain and Sale Deed with covenants may be used in some cases where the granter includes specific promises or covenants regarding the property's title or condition. These covenants may include assurances against undisclosed liens, encumbrances, or defects that might impact the grantee's ownership. It is important to consult with a professional real estate attorney or title company when dealing with the Seattle Washington Bargain and Sale Deed with individual acknowledgment, as the legal implications and requirements may vary depending on the specific circumstances of the transaction. Properly executing and recording the deed is crucial to ensure a smooth transfer of property ownership and to protect the rights of both parties involved in the transaction.

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FAQ

As the buyer of a property, you are the one responsible for recording the deed. Deeds for real estate need to be filed directly with the municipality or county where the property is located. The documents must be signed, witnessed, and notarized in order to be registered.

A Washington deed is used to transfer the ownership of property from a grantor, or ?seller,? to a grantee, or ?buyer,? in the State of Washington. This form is usually completed after a purchase and sale agreement has been authorized and a deed transfers the actual property.

In Washington, the requirements for a Quitclaim deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.

In Washington, real property must be transferred by deed. RCW 64.04. 010. The basic requirements for a Washington deed are that it must (1) be in writing, (2) be signed by grantor, (3) be acknowledged (i.e., notarized), and (4) contain a complete legal description of the property.

It is possible to transfer the ownership of a property to a family member as a gift, meaning no money exchanges hands. This differs to a Transfer of Equity, where the owner remains on the title and simply adds someone else to it.

How much are transfer taxes in Washington? The REET in Washington State is: 1.1% on homes less than $500,000. 1.28% on homes between $500,000 and $1,500,000.

It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance. (Some states have limited or eliminated one or more covenants in a warranty deed by statute.)

(a) A completed real estate excise tax affidavit is required for transfers by gift. A supplemental statement approved by the department must be completed and attached to the affidavit.

You can record a document by bringing it in person to the King County Recorder's Office, sending it by mail, or by e-recording. If you arrive at our office before , you may request immediate scanning of your document (maximum of three documents at a time) so that you may leave with the orginal.

A: Anywhere between 14 to 90 days after closing. A properly recorded deed can take anywhere from 14 days to 90 days. That may seem like a long time, but your local government office goes over every little detail on the deed to make sure the property is correct and there are no errors.

More info

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Seattle Washington Bargain and Sale Deed - with individual acknowledgment