What does “signing over” mean in the context of real estate?

“Signing over” in the context of real estate refers specifically to the act of transferring ownership or interest in a property. This process typically involves a property owner executing a deed or a similar legal document that conveys their rights or interests in the real estate to another party. This transfer can occur in various contexts, such as selling a property, gifting it, or in cases of inheritance where an heir takes ownership.

When someone “signs over” a property, it is a crucial step in the property transfer process and is often documented in legal records to reflect the change of ownership. It signifies that the original owner has relinquished their rights and that the new holder is entitled to the benefits and responsibilities associated with property ownership.

While leasing a property, appraising property value, and creating a mortgage agreement are important aspects of real estate, they do not pertain to the direct conveyance of ownership as indicated by "signing over." Each of these alternatives represents a distinct function within real estate transactions that does not involve the transfer of ownership itself.