A South Dakota deed is used to transfer a property owner’s title to another individual or entity. It’s completed as the final step of the homebuying process, officially handing over ownership to the buyer. The type of deed used varies depending on the nature of the relationship between the parties and the transaction.
A South Dakota deed is used to transfer a property owner’s title to another individual or entity. It’s completed as the final step of the homebuying process, officially handing over ownership to the buyer. The type of deed used varies depending on the nature of the relationship between the parties and the transaction.
By Type (5)
Deed of Trust– Grants ownership to a trustee who holds the title until the owner/borrower repays a loan.
Cost – $30 for the first 50 pages, $2 for each additional page (as of this writing)[4]
Additional Forms
Certificate of Real Estate Value (Form PT-56) – Must be included when filing a deed to disclose certain transaction details, such as the names and addresses of the parties, their relationship, and the consideration exchanged.[5]