What is a Warranty Deed?

A warranty deed is a document used by Virginia home buyers in residential real estate law that binds the seller of a property to guarantee that the property is free of any liens or other claims by third parties against it. It is a form of assurance to the buyer that the seller is offering a full warranty on the property they are purchasing. It is one of the most popular types of deeds used in the state of Virginia, as it provides the most security for the purchaser. The warranty deed typically contains the names of both the seller and the buyer, a description of the property, and any conditions or restrictions associated with the sale. The document is commonly signed by both parties in front of a notary, as well as any witnesses present. Once the deed is notarized and signed, it is filed with the register of deeds in the county where the property is located. While warranty deeds are the most secure form of transfer of title in Virginia, it should be noted that these deeds cannot guarantee that the property will not face any future claims. It is important to ensure that any title defects or liens that may have occurred prior to the sale are taken care of before the deed is signed. Additionally, the deed provides no guarantee against claims that may arise after the sale. This is why it is important to have a clear understanding of all of the possible liabilities associated with the property prior to purchase.

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What is a Warranty Deed?

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