ANDERSEN PLLC Andersen PLLCAttorneys

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October 2018 Archives

Conveying title to real estate in Arizona

When a resident of Scottsdale sells a piece of personal property, such as a piece of furniture, the item is physically delivered to the buyer who then pays the agreed purchase price. But what happens when a person decides to buy a piece of real estate? After all, the land cannot be physically delivered to the buyer. Some properties have been sold many times over the years, and a system has been developed to keep track of changes in ownership. Ownership of real estate is usually referred to as holding title, with title meaning legal evidence of ownership. When real estate is sold, the transaction is often called "conveyance of title." How does this happen?

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