While the deed without warranty sells and conveys the property to the buyer, it's only slightly better than a quitclaim deed. A warranty deed can be used for most property transfers.A quitclaim deed can transfer ownership to a specific, trusted person. While Quitclaim Deeds can only transfer real property, Gift Deeds can also transfer money and personal property. However, buyers should use a Warranty Deed. Quitclaims may sometimes be used when there is a Boundary Line dispute between adjoining land owners. Unlike a quitclaim deed, a warranty deed can grant a certain level of assurances when ownership is transferred. A quitclaim deed removes the name of one owner from the deed, while a gift deed is used to transfer a property from one owner to another. While a Warranty Deed guarantees a clear title to the property buyer, a Quitclaim Deed does not. Warranty deeds and quitclaim deeds are both deeds used to transfer ownership of property, but a warranty deed comes with certain legal guarantees.