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Real Estate Tips
Real Estate Contracts >Signed Sealed and Delivered

Most people assume that when a real estate deed is signed, it is effective. However, there is one more essential part of the process. Even if a deed is properly executed, it is not effective until it has been delivered to and accepted by the buyer. This can sometimes create bizarre results. Here is an example.

An elderly man properly signed, sealed and acknowledged a deed to his nephew and placed it in an old tin box in his room, where it was discovered shortly after he died. The nephew lost a contest with other heirs over the property because the deed was not delivered, and therefore, was not effective at the time of the old man's death.

Until the deed is delivered, the title remains with the seller, who could change his mind at any time and destroy the deed. But once the deed has been properly delivered and accepted, the title passes and cannot be revoked. Thus the old, old saying: signed, sealed (and notarized) -- and delivered.

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Real Estate Trivia
Q 
What was the greatest land grant ever given to an English subject?

A 
William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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Joe Tosco, REALTOR®, real estate agent and broker for Collegeville, Schwenksville, Limerick and Phoenixville, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT

Joe Tosco Sales Team
Keller Williams Realty Group

542 N. Lewis Road
Limerick, PA 19468
Direct: 610-792-5200
Office: 610-792-5900 ext. 8121
Info@JoeToscoSalesTeam.com
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