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In this video, Seth explains how to prepare a warranty deed and a quitclaim deed, highlighting the differences between the two. While the types of deeds differ significantly, the information required for both documents is fairly similar. Seth emphasizes that creating a deed is simple regarding the necessary details and assembly. He will demonstrate the process using blank templates he has previously used, but he cautions viewers that these templates may not be applicable in all 50 states due to varying laws and regulations. Thus, it's important to consider state-specific requirements when preparing deeds.