Alabama
Buy downloadable warranty deeds and other forms you need to purchase or sell real estate properties in Alabama.
Are you buying a home in Alabama? Here are some things you need to know.
Hurricane insurance coverage is mandatory. Because of the frequency of hurricanes in the region, Alabama home owner insurance policies must contain a hurricane deductible.
Closing costs: Average closing costs for a real estate transaction in 2018 ran about 1.56% of the sale price of the property. Closing costs would include mortgage fees, appraisal fees, title insurance, real estate agent's commissions, any prepaid costs (such as property taxes), mortgage insurance, surveys, notary fees, and recordation costs.
Caveat emptor laws: Alabama is what's known as a "caveat emptor" state, or "Let the buyer beware". This means that the seller is not required by law to disclose any issues with respect to the property's condition during the transaction. It's up to the buyer to discover any defects before closing the deal. However, there are some exceptions to this rule: (1) if a fiduciary relationship exists between the buyer and the seller; (2) if the seller is aware of any health or safety risk that could arise from a condition in the home (such as asbestos); and (3) if the buyer directly questions the seller about a specific defect.
Alabama Quitclaim Deed for Joint Ownership
The transferors convey their interest in the property to the transferees, but do not provide any warranties regarding the property. The transferees will hold title as joint tenants, with rights of survivorship, which means that if one of them dies, title to the property passes to the surviving joint tenant.
This Alabama Quitclaim Deed for Joint Ownership form is provided in MS Word format and is easy to download, fill in and print.
Alabama Quitclaim Deed from Two Persons to One Person
Transfer title to a real estate property in Alabama from two persons to one person with this easy-to-use Quitclaim Deed template.
- Under the Quitclaim Deed, the transferors (grantors) convey all of their interest in the property to the transferee (grantee) but do not provide any warranties regarding the property.
- This form of Deed is often used following a divorce, to remove one spouse's name from title to the property.
- Available in MS Word format, easy to use and fully customizable.
- Intended to be used only in the State of Alabama.
Alabama Special Warranty Deed
Transfer ownership of an Alabama real estate property with this easy-to-use Alabama Special Warranty Deed form.
Under a Special Warranty Deed, the seller (grantor) warrants or guarantees the title only against defects arising during his/her ownership of the property but not against title defects existing before that time.This Alabama Special Warranty Deed form is a downloadable legal document in MS Word format.
Alabama Warranty Deed for Joint Ownership
Transfer title of an Alabama real estate property from two sellers to two buyers with this Alabama Warranty Deed for Joint Ownership.
- This is the type of Warranty Deed that is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property.
- The buyers will own the property as joint tenants with rights of survivorship. That means when one joint tenant dies, the title will pass to the survivor.
- The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property.
Alabama Warranty Deed Form
Transfer a real estate property in Alabama from a seller to a buyer with this easy-to-use Alabama Warranty Deed form.
The seller (the grantor) gives the buyer (the grantee) the following covenants:- that the grantor has good and marketable title to the property,
- that the grantor has the legal right and authority to transfer the title to the buyer, and
- that the grantor will forever defend the right of the grantee to possess the property.
