The real estate world is full of mysterious jargon that only select few understand. Realtors often seem like they are speaking a language all their own, a fact that can make dealing with them and their clients intimidating, overwhelming and seemingly not worth a fight. But that kind of attitude can hurt you, especially if you get talked into something as risky as a Quitclaim.
A Quitclaim Deed, often mistakenly called a Quick Claim Deed, is a deed in which the landowner does not promise he has no interest in the land but says he will surrender any that may exist. It is a vague statement that doesn’t specifically give the buyer full hold over the property, and thus is something that can easily backfire on you. Moreover, it is essentially useless in Texas. Therefore, what you want instead is a Warranty Deed, or at the very least, a Quitclaim Deed that has been painstakingly examined by your representative, because that is the key to breaking through the real estate jargon - a realtor on your side.
Hiring a real estate agent who already knows the language, the tricks and the loopholes that could both benefit and hurt you will ensure you get a deal that is truly a deal. It will lead to a sale that benefits more than one party, and it will prevent much of the frustration and headaches in your future. So before you sign anything, before you even look at anything, consult a real estate agent. Do the research, and end up on top.
Joe Cline, REALTOR, Broker, CRS, ABR
Austin Real Estate Blog | Avery Ranch Texas Listings
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