Warranty Deed
A warranty deed provides the greatest title protection, with promises against prior claims. Learn differences between general and special warranty deeds.
Definition
A warranty deed is a legal instrument that transfers ownership of real property from a grantor to a grantee with comprehensive guarantees. In a general warranty deed, the grantor warrants that they hold clear title, have the right to convey, and will defend the title against all claims arising at any point in history. Special warranty deeds offer similar assurances but only cover the period during which the grantor owned the property. Warranty deeds provide the highest level of protection for buyers and are standard in many residential transactions.
Why It Matters
Warranty Deed often affects pricing, lending, title, zoning, or escrow procedures. Sellers benefit from understanding it to set clear expectations, while buyers gain confidence in budgeting and due diligence.
Examples
Example 1: A seller references warranty deed in the listing notes or disclosures.
Example 2: A buyer checks warranty deed alongside comps, loan terms, or HOA documents before making an offer.
Example 3: Escrow or title ensures warranty deed compliance before recording the transaction.
Tips
Ask how warranty deed might influence financing, contracts, or title.
Document related issues clearly to prevent disputes.
Use a flat fee multiple listingto cut costs and still gain MLS exposure.
Additional Context
Warranty Deed is frequently connected to other real estate steps such as financing, zoning approvals, appraisals, and contract contingencies. Surfacing these issues early and documenting them in writing helps keep both sides aligned.
Related Terms
Qualifying Ratio
Qualifying ratios compare debt to income for mortgage approval. Understand front-end and back-end ra...
Quiet Title Action
A quiet title action is a lawsuit to clear title disputes. Learn when to use quiet title actions to ...
Quitclaim Deed
A quitclaim deed transfers any interest without warranties. Learn when quitclaim deeds are used and ...
Ready to Use Your Real Estate Knowledge?
Now that you understand Warranty Deed, let Wayber help you navigate your real estate journey. Our flat-fee service saves you thousands while providing expert guidance.