I could give you a grant deed for the Grand Canyon. Any interest I have in it, I give to you. Only problem - I may not have any interest.
With a warranty deed, I am guaranteeing to you that I have clear title and the ability to transfer ownership to you.
Hope that helps.
If you are not already pre-approved with a lender, that should be done as well. We are entering into the busy season for Tucson Real Estate (between now thru June), wish you the best of luck.
This is a great question. A grant deed, sometimes referred to as a Quit Claim deed, does not protect the new owner against encumbrances on the property ( people establishing claim to the property and other title defects). This type of deed is usually used for quick property transfers.
A general warranty deed transfers the property and offers a clean title to the new owner. This general warranty deed allows new owners to sleep at night, keeping unknown relatives of the past seller from knocking at their door claiming ownership to the property.
Diana Kai, Associate Broker
HomeSmart | Kai Associates