Get Option to Purchase Real Estate - Short Form

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SHORT FORM OF OPTION TO PURCHASE REAL ESTATE(SITE NAME) For and in consideration of ten dollars ($10.00) cash in hand paid and other good and valuable considerations, the receipt and sufficiency of
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FAQ

Question: Why does my Warranty Deed say the purchase price is “Ten Dollars”? Answer: Utah is a non-disclosure state, which means you are not required to disclose the purchase price of your property. The wording put in the deed protects the confidentiality of the purchase price. DON'T MISS OUT!

The one-dollar phrase is the recital in the deed that confirms for every reader of the deed that the buyer gave the seller consideration, which is the at-least nominal consideration of one dollar, which is all that the law requires.

House Sold for $1. ... This typically happens when family sell to each other. In many states there are also high transfer taxes that are based off of the sales price and by selling for $1.00 they work around the system to evade taxes.

Deed Information A deed states a property's sales price, legal description and to whom the deed is returned after recording. Deeds show the amount of any property transfer taxes and the assessor's parcel identification number. The dates and signatures of the grantors and notaries public are at the bottom of deeds.

The acronym D.O.L.L.A.R. stands for Deed Over, Lender Leaseback and Agreed Finance.

In a Warranty Deed, consideration is the dollar amount the grantee will pay to the grantor in exchange for the interest in the property. For example, $25,000.00. If the property is being given as a gift or transferred without consideration, you will still need to fill out the consideration amount on your Warranty Deed.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

A warranty deed is one type of proof of ownership; it shows the name of the owner and gives a brief description of the property. The previous owner or party granting you ownership signs the warranty deed, showing your rights to the property. A quitclaim deed is the other main type of property deed.

A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer),in contrast to a quitclaim deed, where the seller does not guarantee that he or she holds title to a piece of real estate.

Any type of deed functions to transfer ownership of property between two parties. ... The warranty deed is commonly used when a property is purchased at or around its fair market value. The deed implies certain warranties that the seller, or grantor, provides to the buyer, or grantee.