What Is a Grant Deed? Should You Buy Property Using a Grant Deed?

If you are transferring or acquiring property, understanding deeds is important. hafakot/Shutterstock

Transferring title rights in a real estate transaction is vital. If you don’t use the right documentation, it can leave you in a vulnerable and financially difficult situation. If you are transferring or acquiring property, understanding deeds is important.

A grant deed is sometimes used in real estate transactions. But is it the best type of deed to use? Will you have a clear title to the property with it?

Grant Deeds Offer Limited Warranty

A grant deed is known as a special or limited warranty deed. It’s a legal document that transfers real estate between the grantor (previous owner) and the grantee (the new owner).