What does 'title transfer' involve in real estate?

The concept of "title transfer" in real estate specifically refers to the legal process of conveying ownership of a property from one party to another through a deed. This process is crucial in real estate transactions, as it establishes and formalizes the change in ownership of a property.

When title is transferred, a legal document known as a deed is executed, which serves as evidence of the new owner's interest in the property. This transfer includes various components such as the identification of the parties involved, a specific description of the property, and the signatures of the parties confirming their agreement to the transfer.

This process ensures that the buyer receives clear title to the property free of any prior claims or encumbrances, thus protecting their ownership rights. The importance of this legal transfer cannot be overstated, as it is a fundamental aspect of real estate transactions that secures the buyer's ownership and right to the property.