Professional Legal Document – Only $9.99
(Typical legal consultation: $79–$149)
- Professional MS Word formatting
- Fully editable & reusable
- Attorney-reviewed templates
- Lifetime updates included
- 100% Satisfaction Guarantee
Find legal forms, law schools, and legal resources
(Typical legal consultation: $79–$149)
An Delaware quitclaim deed is a legal document used to transfer whatever ownership interest a person (the grantor) currently holds in a property to another party (the grantee), without providing any guarantees about the title's history. It makes no promises that the property is free of liens, mortgages, or other encumbrances. The grantee accepts the property entirely "as is" regarding the title status.
The primary difference is the level of title protection. An Delaware warranty deed or grant deed includes promises from the seller that the title is clear and defendable. A quitclaim deed provides zero warranties, leaving the new owner responsible for any historical title issues.
Delaware has one of the highest transfer tax rates in the country at 4% of the property's sale price or fair market value. By convention, this tax is typically split equally between buyer and seller (2% each), though this is negotiable. First-time homebuyers may qualify for a reduced rate of 3% under certain conditions.
Yes, Delaware is an attorney-closing state. All real estate closings in Delaware must be conducted by a licensed attorney. Even for a simple quitclaim deed transfer between family members, an attorney should prepare the deed to ensure it meets Delaware's legal requirements and is properly recorded.
You must take the original, notarized deed to the County Recorder of Deeds in the jurisdiction where the property is physically located and pay the required recording fee.
No, a deed only transfers the property title. It does not eliminate your financial obligation to pay an existing mortgage. You remain responsible for the loan unless the lender explicitly agrees to a refinance or assumption.
2-4% (split buyer/seller by convention). Additional local recording fees also apply when filing the deed.
Yes, you can draft your own deed as long as it strictly adheres to Delaware's legal requirements for formatting, legal description, and notarization.