Transfer of Deed

[sfogle]

What is the name of your state? Kentucky

We have sold our home to a buyer with cash. Do we have to go through a typical closing as if they had financed or can I simply transfer the Deed using Quit Claim Deed?

[nextwife]

A cash buyer is no less entitled to recieve a Warranty Deed than is a financed buyer. You need to have the title updated (the protocol for who pays for this varies from market to market. In my market, the seller is responsibible, per the state bar standard Offer to Purchase, for ordering and paying for the Owners Policy of Title Insurance). You need to arrange to have a proper closing and transfer prepared. A lawyer, or, in some places, a title company can prepare the closing statement, order the payoffs, calculate the prorations and handle the disbursements.