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In this video, Seth explains how to create a warranty deed and a quitclaim deed, noting that, while these two types of deeds are quite different, the information required for both is relatively similar. He emphasizes that preparing a deed is straightforward in terms of the necessary details and the overall process. Seth will demonstrate using blank templates he's used previously, but cautions viewers that the templates may not be applicable in all 50 states due to varying state laws and requirements. Instead, he advises that one should always consider specific state statutes when preparing a deed.