What are the steps involved in selling a property after it’s been purchased?
Clear or Marketable Title to the property has to be assured. Although the County issues title, there may be a “cloud”, which prevents obtaining “Clear or Marketable Title” to the property. In this instance, either a Quit Claim Deed is executed; a Title Certification or a judicial action called a Quiet Title action is brought to establish a purchaser’s right to title by removing the clouds to the title. It is a fairly simple procedure but the later requires the services of an attorney. There may also be a redemption period imposed in some States, before title is vested. Title and Liability Insurance is purchased to further insure protection of the invested amount. A top producing Realtor is then contracted to market the property at an incentive price below the Fair-Market price. This is done to sell the property quickly. Since the property was purchased substantially below its Fair-Market Value, by pricing it in this manner, there is real motivation to a buyer to make a good deal. It is
