What Is Deed?
Deed: The legal document that transfers ownership of real estate from the seller to the buyer.
A deed is the document that transfers ownership (title) of real estate. At closing, the seller signs the deed to you, and it's recorded with the county.
Common types
- General warranty deed: the seller guarantees clear title against all past claims
- Special warranty deed: the seller guarantees only against problems during their ownership
- Quitclaim deed: transfers whatever interest the seller has, with no guarantees; usually used between family members, not in sales
How you hold title
The deed also shows how you own the home, such as sole ownership, joint tenancy with right of survivorship, or tenancy in common. The choice affects what happens if an owner dies. Ask the title company or an attorney.
Good to know
A deed transfers ownership. A deed of trust secures the loan. They're different documents.