Land sale paperwork Georgia

To sell land in Georgia, you typically need a deed (most commonly a warranty deed), a sales contract, and a closing statement. Additionally, it’s essential to have clear title documentation showing that there are no liens or encumbrances on the property.

The transfer of ownership is facilitated through the recording of the signed deed with the county clerks office where the property is located. Ensure that all paperwork is properly executed and recorded to confirm that legal ownership has transferred to the buyer.

Yes, sellers may be responsible for paying capital gains tax on any profit made from the sale. There might also be local transfer taxes and recording fees. Its advisable to consult with a real estate attorney or accountant to understand all potential tax implications and costs specific to your situation.