What is the difference between a grantor and grantee?

It’s important to understand the difference between a grantor and grantee, especially when you’re thinking about buying a house. A grantor is the person transferring ownership to another individual. A grantee is the recipient of the real estate property.

Who is a grantor in a real estate transaction?

In a real estate transaction, the grantor is the current holder of the property rights, or – in other words – they’re the seller. The deed, which transfers ownership, is the grant. The grantee is the person who receives the transfer of the property after, in the case of sale, a closing occurs. In other words, the grantee is the buyer. Grantee Vs.

Who is a grantee in a real estate transaction?

The grantee represents the other side of the real estate transaction: the buyer or the renter. They acquire property from the grantor either through a home sale or rental. When property changes hands, the grantor transfers the legal rights to own, use and/or sell the property to the grantee.