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General Warranty Deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good clear title to the property. This type of deed is used in most real estate deed transfers.

You can find the legal description on the title or deed, or you can obtain it from the property tax office. Include each party's full legal name and contact information. Specify the state laws that apply if the buyer and seller live in different jurisdictions. Outline a payment schedule and how payments are to be made.

For example, when a homeowner sells their home to a buyer, they would use a deed to do so. To be clear, the deed does not represent ownership in itself. Ownership interest in a house is called 'title,' and a deed is the legal vehicle used to transfer that title, or ownership, between parties.

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

For a deed to legal in Pennsylvania, it must meet the following basic requirements: It must be in writing, State the name of the current owner, Include the legal description for the real estate being transferred, and. State the name of the new owner.

What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.