When transferring property ownership in Orlando, FL, the type of deed you use matters. These include warranty, special warranty, and quitclaim deeds. Each deed type provides different levels of protection for the buyer and obligations for the seller.
Different Levels of Protection:
- Warranty Deed: This is the gold standard for buyers. It ensures the seller has clear ownership of the property. It also protects against any claims or problems, even those from before the seller owned it.
- Special Warranty Deed: This deed offers limited protection. The seller guarantees there were no title issues during their ownership, but it doesn’t cover claims from prior owners.
- Quitclaim Deed: This is the simplest type of deed. It transfers the seller’s interest in the property. The company does not include any guarantees or warranties. People often use it in transactions between family members or to clear up title issues.
Choosing the right deed depends on the nature of the transaction and your comfort level with risk. At Simply Close Title, we guide you through this decision and protect your rights and interests.
Contact us today to learn more about deeds and how we can assist with your real estate transaction!
