Colorado DORA Bargain and Sale Deed

What Is Bargain and Sale Deed?

The Colorado DORA Bargain and Sale Deed Form is a legal document typically used during the process of transferring property from one party to another. This document elucidates the details of the bargain, namely, the information about the seller, the buyer, and the terms of the sale. The function of the form is to validate the transfer of the property, making it a crucial part of property sales proceedings.

Importance of the bargain and sale deed

When you think about selling or buying a property, you will undoubtedly encounter the term deed bargain and sale. But what is a bargain and sale deed? Simply put, it is a legal document issued by a seller, also known as the grantor, to a buyer (grantee), guaranteeing that the property in question doesn't have any liens against it or claims of ownership. However, it does not provide any warranty against future claims, unlike a warranty deed.

How to Fill Out Bargain and Sale Deed Form

Here's a detailed guide on how to fill out the bargain and sale deed Colorado template using PDFliner:

1. Begin by identifying the Grantor(s) information. Enter the full name(s) of the Grantor(s) in the space provided at the beginning of the form.
2. Provide the street address, city or town, county, and state where the Grantor(s) is located.
3. Enter the monetary consideration for the deed in the space after "for the consideration of." Make sure to include both the numeric and written dollar amount.
4. Specify the type of ownership that the Grantee(s) will hold. Options include "joint tenants," "tenants in common," or any other specified tenancy. Check the appropriate box or fill in the blank as applicable.
5. Record the full name(s) of the Grantee(s) along with their corresponding street address, city or town, county, and state.
6. Describe the real property being conveyed. Include the legal description and the street address, city, state, and zip code.
7. List any appurtenances that will be conveyed with the property in the space provided.
8. Sign and date the deed on the lines provided for the Grantor(s) at the end of the form.
9. Complete the acknowledgment section at the bottom of the form, which must be signed in the presence of a Notary Public. The Notary will fill in the county and state, date, and their information, including their official seal and commission expiration.

Review the completed form to ensure all information is accurate and all necessary fields are filled in before finalizing the deed.