What Types of Deeds Are There?
The Types of Deeds Available
A deed is a legal instrument that enables the transfer of interest in real estate property. However, there is no one simple type of deed that covers every transaction. Several types of deeds are used for real estate transactions. Below, we will list them and explain what they are for you:
- Quitclaim Deed: This deed makes no guarantees to the seller about the seller’s ability to sell the property, encumbrances, or if the seller is the owner of the property. As a buyer, it would be in your best interest to avoid this type of deed if possible.
- Warranty Deed: A warranty deed provides the most protection to buyers. It guarantees that the seller is the owner of the subject property, the property is not subject to undisclosed encumbrances, and the seller agreed to defend the title from any claims against it.
- Bargain & Sale Deed: This type of deed only guarantees that the seller is the true seller of the property. This offers little protection for buyers because it only guarantees that the seller can transfer ownership of the property.
Contact Our Real Estate Lawyer Today!
Walter L. Rooth III Attorney is a real estate lawyer serving the Hamburg, West Seneca, and Orchard Park, NY areas. We work with both buyers and sellers of real estate to draft and review deeds for the transfer of ownership interests in a property. It does not matter the type of deed that you want to be drafted on your behalf or reviewed before the purchase of your new property, we can help you. Contact our real estate attorney today for all your real estate law needs!
