Legal Question in Real Estate Law in Florida

I live in Boca Raton, Florida. I noticed on my deed that it said I bought the property for the consideration of the sum of $10.00, even though I paid $30,000. Why does it say that? Also, I am selling my condo now and the buyer wants to know if he can also say he put he purchased the for the consideration of the sum of $10.00?

Thank you.


Asked on 4/10/16, 4:37 pm

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

It is standard to state a nominal consideration on a deed. The stamps paid on the deed reveal the actual sales price.

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Answered on 4/10/16, 9:02 pm


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