A general warranty deed in Idaho is a legal instrument that facilitates the transfer of real estate from one party to another, and it carries with it a warranty or assurance. This assurance is from the seller, asserting their ownership of the property and the legitimacy of their right to sell it.
Furthermore, it confirms that there are no existing claims, such as liens, prior transfers, or any other title restrictions that could impede the buyer’s rights. When a grantor signs a general warranty deed, they are making a commitment to protect the buyer against any potential claims of this nature.
In this field, you’ll enter your name as the person preparing the document.
Let’s say your name is Alex Smith. You would write: “Alex Smith.”
This is where you enter your physical address.
Say you live at 123 Main Street. So, write “123 Main Street.”
Write your State and Zip Code.
If you live in Boise, Idaho, with the Zip Code 83702, then you would write: “Idaho” under State and “83702” under Zip Code.
In this field, you’ll enter the name of the person to whom the document is returned to.
Let’s say their name is Sarah Smith. You would write: “Sarah Smith.”
This is where you enter the physical address of the person to whom the document is returned to.
Say Sarah Smith lives at 567 Main Street. So, write “567 Main Street.”
Under County, write the county where the property is located.
If it’s in Ada County, write “Ada.”
The blank spaces here are for the amount paid for the property, who is paying it (the buyer), and their details.
If Jennifer is paying $200,000, you’ll fill in “$200,000” and write her details in the following lines.
This section is for the information of the seller and the recipient of the property (the grantee).
If Alex is selling to Jennifer, their details such as names, status, and residential addresses are filled in here.
You need to put a detailed description of the property here. This could be its address or legal description from the title or property deed.
For example, “Lot 4, Block 5 of Happyville Subdivision, as per plat recorded in Book 9, Page 15 of Plats, records of Ada County, Idaho.”This step is important because it outlines the key details of a property transaction.
Here, the seller signs and prints their name and address. The “IN WITNESS WHEREOF” step is vital as it captures the seller’s signature, demonstrating their agreement to the terms of the transaction. This serves as legally binding proof that the seller consents to the transfer of property, making the transaction valid and enforceable.
Alex would sign and write his details here.
The notary public will sign and provide their name and commission expiration date after witnessing the grantor signing the deed. These steps certify the deed’s authenticity and legally validate the document under the specified jurisdiction, helping prevent fraud and making the transaction legally enforceable.
In summary, a general warranty deed provides critical buyer protections and legally binds the seller to uphold the property transfer terms in Idaho. Following the proper steps to complete the deed form validates the transaction and establishes a record of sale.
Executing a general warranty deed is a crucial part of finalizing a real estate transaction in accordance with Idaho law.