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A title is a concept used to discuss ownership of a home, whereas a deed is a physical document proving the ownership ? or, the title. Since the deed is tangible, it transfers the title from the seller (commonly referred to as the grantor) to the buyer (otherwise known as the grantee).

Bottom Line. When you're looking at purchasing a piece of land, there are 5 main types of deeds that you can use: Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain and Sale Deed, and a Grant Deed. A Warranty Deed is the best of the best.

???????what is a title? A deed is a physical document that conveys ownership rights to a property. A title is a concept that refers to the legal ownership of a property and the rights that come with it.

A warranty deed provides protection for the buyer, guaranteeing that the seller has the legal right to sell the property. If there is a property dispute later regarding the guarantor's ownership stake, the buyer can sue for breach of warranty. This is the type of deed used in most typical real estate transactions.

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

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.

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.

Principal Residence Exemption Perhaps the most common way to avoid a capital gains tax is to make the property your principal residence. The principal residence exemption is only available if you report the sale and designate the property as your personal residence in your tax return for the applicable year.

A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.

A Title Deed is the most important document as far as property ownership is concerned. It is a legal document which confirms or proves that one is the owner of a property after having been transferred into ones name.