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Commonly Asked Questions about Grant Bargain Sale Deed

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.
As a refresher, a grantor who uses a bargain and sale deed is guaranteeing that they own the property outright. This means that no other owner has a stake to claim with regards to the property title. In contrast, a quitclaim deed provides no such warranties.
Definition: A type of deed in which title is transferred and a limited number of warranties are made regarding title to or use of the property. Pronunciation: \ˈbr-gən\ Used in a Sentence: When buying property with a bargain and sale deed you should carefully search for any liens or clouds on the property.
A grant deed transfers all of the Grantors ownership rights of a specific property to the Grantee and carries important implied warranties. A quitclaim deed conveys only whatever interest the conveying party may have in the property and carries none of the implied warranties of a grant deed.
A Bargain and Sale Deed is a legal document used to transfer property ownership from a seller to a buyer.
A general warranty deed is often considered the most common way to transfer real property. It is used when you are aware and confident that the title to your property is good and marketable. It is most commonly used for residential real estate transactions.
A quitclaim deed is used to sign over a property title to another person. When a person signs this deed it means theyre giving up all rights and claim to a property. This type of deed offers very little protection to buyers as theres no exchange of money or warranties.
A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.