A legal deed is a physical document that transfers a property title from one person to another. A contract for deed is an agreement between a seller and buyer to purchase real property over a period of time.A contract for deed involves the seller financing the property purchase as an alternative to conventional mortgages, benefiting both parties. To transfer a property title deed in Texas, you will need a properly prepared deed as follows: The deed must be in writing. A warranty deed plays an integral role in sealing the deal in property transactions. Predominantly in Texas, this legal document safeguards the buyer's rights. A transfer on death deed (TODD) is a legal document that allows a person to transfer ownership of their property after they die. A real estate deed is a legal document used for transferring property ownership rights. A valid deed in Texas requires a few certain inclusions and actions in order to actually convey property.