In a warranty deed,2 the seller of the property provides a guaranty (a warranty) that the title to the real estate is clear with no liens or encumbrances, and that the seller has the legal right to sell the property.
What are the disadvantages of a warranty deed?
No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.
What is a warranty deed in Washington state?
You can sell as a warranty deed but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if theres a title company/title insurance being purchased.
Why would someone do a warranty deed?
The Warranty Deed plays a crucial role in real estate transactions. It signifies the legal transfer of property ownership from the seller to the buyer. Unlike other types of deeds, it guarantees that the property title is clear, which means its free from any legal claims or encumbrances, ensuring a smooth transaction.
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Wash. Admin. Code 458-53-080 - Real property sales
Sales or transfers of real property involving instruments other than a warranty deed or real estate contract shall not be considered in the sales study. The
Warranty deeds for the conveyance of land may be substantially in the following form, without express covenants: The grantor (here insert the name or names and
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