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Start with the tax assessor. All the information that most people will need or want to know about a deed will be on record with the county tax assessor, such as the current owner, sale dates, price history, and current valuation. Find the records section. Examine the record.
So, the original post in seeing $10 as consideration for a deed with other good and valuable consideration (which is probably $149,990.00 and not just a promise) is an acceptable phrasing used, but that has no bearing on the sufficiency of any consideration paid in a purchase contract.
This is something of value is known as consideration, and in our case is whatever it is we are paying you for the property. The first paragraph of our Conveyance states: “in consideration of the sum of Ten and more dollars ($10.00) cash in hand paid and other good and valuable consideration.”
In a Warranty Deed, consideration is the dollar amount the grantee will pay to the granter in exchange for the interest in the property. For example, $25,000.00. If the property is being given as a gift or transferred without consideration, you will still need to fill out the consideration amount on your Warranty Deed.
Definition: a fee charged in advance to retain the services of someone.
The one dollar and other valuable consideration language is often used as a generic term, where the document needs to be enforceable, but there is no reason to recite the amount or the nature of the actual consideration that is exchanged.
Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states. Fees for title companies vary, but a market scan shows an average of $100 to $200 for a simple quitclaim deed.
A quit claim deed transfers the legal ownership of the property from one party to another, and doesn't require attorneys or legal help, unless you choose to consult an attorney.
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