Understanding the Different Types of Deeds in Real Estate
Buying or selling real estate involves a lot of paperwork, and one of the most critical documents in these transactions is the deed. A deed is a legal document that transfers ownership of property from one party to another. Understanding the different types of deeds is essential to ensure you make informed decisions in your real estate transactions. 1. General Warranty Deed A General Warranty Deed offers the highest level of protection for the buyer. This type of deed guarantees that the seller holds a clear title to the property and has the right to sell it. It also assures…