When buying real estate, it helps to understand the different types of deeds in play. The deed is the document that is used to transfer ownership from one party to another. No matter the type of deed you sign, it’s recommended that you work with a title insurance agent to make certain you have maximum coverage when it comes to your investment.

2 Deeds You’ll Likely See When Buying a House

1. Warranty Deed 

If you’re looking for the highest level of protection as a buyer, a general warranty deed is the best choice for you. With these deeds, the entity conveying it will be obligated to uphold numerous warranties and guarantees regarding the property, which protects you from many unexpected circumstances.

2. Special Warranty Deed

Special warranties are a step down in terms of protection to the buyer. These deeds are usually only accompanied by two major warranties. First, the entity conveying the deed guarantees that the title was received. Second, they stipulate that there were no hindrances—which are defined as liens, claims, or liability associated with the piece of real estate—to the title during their ownership period.  You will often see these with bank owned properties.  

If you need a title insurance agent in Burnsville, MN, First Financial Title Agency of Minnesota, Inc. is here to help. Their title insurance agents provide more than three decades of experience, whether you’re shopping for a reliable title insurance policy or need assistance with a title search. They can also help you with the closing process, which can be quite complex for first-time home buyers to navigate. Call (952) 831-5010 to schedule a consultation with a title insurance agent, and learn more about their services by visiting the website.