Can You Sell a House With a Quitclaim Deed?

Many people use quitclaim deeds to transfer property ownership between family members or resolve title issues. While the process is quick, it leads many people to ask, “Can you sell a house with a quitclaim deed?”

In this blog post, you’ll learn what a quitclaim deed is, why selling a house with one is so difficult, and how to sell to a cash home buyer instead.

At Chattanooga Property Solutions, we buy houses in Chattanooga with quitclaim deeds. So, give us a call at (423) 454-3070 to start the process of receiving your fair cash offer.

What Is a Quitclaim Deed?

If you aren’t a real estate lawyer, understanding quitclaim deeds can be confusing. A quitclaim deed is a legal document used during a real estate transaction to transfer any ownership rights a person may have in a property to another party. The person signing the deed gives up their interest in the property, but they do not guarantee that the title is clear or free of claims.

What Makes Selling a House With a Quitclaim Deed so Difficult?

Quitclaim deeds are one of the fastest ways to transfer ownership, but it also comes with many complications if you try to sell your home. Here are some of the most common:

• Many buyers don’t want to spend time and money seeking title insurance to protect themselves from potential title issues, hidden deed restrictions, or other problems that appear after the property transfer.
• Title companies often refuse to insure the property until a title examiner reviews the title history and resolves any potential legal liability.
• Mortgage lenders often reject financing when the property’s ownership history includes a quitclaim deed.

Just because you used a quitclaim deed to transfer ownership doesn’t mean you can’t sell your house. It just means you have to go about it a different way.

How To Sell Your House With a Quitclaim Deed to a Cash Home Buyer

In order to avoid the complications mentioned above when selling a house with a quitclaim deed, you need to sell to a cash buyer like Chattanooga Property Solutions. Here’s how their process works:

• Step 1: Submit your property information online or call (423) 454-3070 to share basic details about your home and timeline.
• Step 2: Chattanooga Property Solutions sends you a written cash offer for your property.
• Step 3: Accept the offer and pick a closing date that fits your schedule.

Many of our clients close in as little as one week, so if you’re in a hurry to sell your house with a quitclaim deed, contact Chattanooga Property Solutions.

Call Chattanooga Property Solutions To Sell Your House With a Quitclaim Deed

So, can you sell a house with a quitclaim deed? Yes, and Chattanooga Property Solutions makes it simple with their three-step process. Call Chattanooga Property Solutions at (423) 454-3070 to receive your fair cash offer.

Make sure you check out our other blog post about selling a house with a lien to learn about what a property lien is and how to sell your house with one.