What is a deed to a house?
House deed vs. title – what’s the difference?
Once you know how to answer the question “what is a deed to a house,” the next question that often comes up is, “what’s the difference between a house deed and house title?”
Both deeds and titles represent home ownership. Thus, the two terms are understandably conflated often.
The key difference between the two is the matter of a physical document. If you recall, a deed is a legal document — it’s written and made official through documentation, notarization, and then filing it with the local county. A title simply refers to the concept of property ownership. In other words, a title is just the concept while the deed is the physical manifestation. Understanding the difference between titles and deeds is an important part of expanding your homeownership vocabulary.
Make sure house deeds are a part of your estate plan
This guide provided a convenient explanation for the question that comes up often: “What is a deed to a house?” Now, you should be able to answer this question and sound like a pro. Further, you should also be able to explain the difference between a house deed and title, as well as how to obtain a deed to a house if needed. Whether you need this information for yourself, or want to help out a friend who is new to the homebuying process, you’re all set! Last but not least, we wanted to present the idea of incorporating your house deed as a part of your estate plan. This is something that all homeowners are urged to do. This is because a key aspect of estate planning is accounting for all the assets and property under your name, so that you can one day pass your legacy on to loved ones. Including your home should be a no-brainer. As you might recall, your house deed is the physical document that proves your property title, and is also an integral legal tool that allows you to transfer property.
Your Estate Plan Matters
No matter what deed you plan to use, be sure to review and update your estate plan accordingly. If you don’t have an estate plan yet, buying a home or tackling matters of homeownership is a perfect reason to start one. We can help you with that!
The Bottom Line
The difference between success and failure is having the right group of advisors. Estate Synergy Network can help you sell the house and everything in the house. Our sister company EstateDepot.com can help with the estate sale and one of our local Estate Certified Real Estate Agents can help you list and sell the house. As an executor of estate you need the best team of estate professionals assisting and advising you every step of the way.
© Estate Synergy Network, LLC. All Rights Reserved.