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Real Estate f=>
Eileen M. Day realtor sss.'sr; GRANTEE/GRANTOR
WHO’S WHO
In our columns, we write for the general public. Therefore we always refer to “buyers” and “sellers” because readers understand this and that’s all that counts. However, when you read over legal documents concerned with the purchase or sale of real estate, or if you happen to pick up a book on real estate written from a legal point of view —you’ll often see the words grantor or grantee used in the same transaction. You will also see the shortened word “grant” used often. It deserves an explanation.
A grant is the transfer of real estate by a written contract. A private grant is the transfer of real property from one person to another. A public grant is the transfer of property from a government to a person.
A grantor is a person who transfers real estate by deed. In other words, the grantor is the seller.
A grantee is a person who receives real estate by deed. You guessed it —the grantee is the buyer.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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