What is a deed?

A deed is a legal document that is used to transfer ownership of real estate from one person or entity to another. It serves as proof that the transfer of ownership has taken place, and is typically signed by both the buyer and seller of the property.

A deed typically contains the following information:

1. Names of the parties involved in the transaction (the grantor and grantee)
2. A description of the property being transferred, including the address and legal description
3. The purchase price or consideration being paid for the property
4. Signatures of both the grantor and grantee
5. Notary public's signature and seal

There are different types of deeds that may be used depending on the circumstances of the transaction. The most common types of deeds are:

1. Warranty Deed: A warranty deed guarantees that the grantor owns the property being transferred and has the legal right to sell it.
2. Quitclaim Deed: A quitclaim deed transfers whatever ownership interest the grantor may have in the property, without making any warranties as to the extent or validity of that interest.
3. Grant Deed: A grant deed is similar to a warranty deed, but typically does not include as many warranties as a warranty deed.

Deeds are an important legal instrument in real estate transactions, and it's important to consult with a real estate attorney or other legal professional if you have questions about deeds or real estate transactions in general.