Warranty Deed Vs Quitclaim Deed For Property In Georgia
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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FAQ
A quit claim deed can be used to transfer property or titles. Deeds can be used to transfer property or titles from a grantor (or seller) to a grantee (or buyer).
Long story short: If you are the buyer, then the warranty deed is more favorable to you because it provides a more solid legal protection. If you're the seller, the quitclaim deed is more favorable to you.
Common uses – Typically, quitclaim deeds are used for lower-risk transfers between related parties. In contrast, warranty deeds are used for real estate sales and high-value transactions involving unrelated grantees. Grantee risks – With a quitclaim deed, all risks remain with the grantee.
Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.
Quitclaim deeds are ideal for non-commercial transactions where guarantees regarding the property's title, ownership, or insurance are not provided to the grantee. These deeds are commonly used for transferring property to family members, spouses, or into a living trust.
The Department of Revenue offers an overview of types of deeds used to transfer property. A quit claim deed can be used to transfer property or titles. Deeds can be used to transfer property or titles from a grantor (or seller) to a grantee (or buyer).
A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
Quitclaim deeds can be used in a number of different situations, though they are most common when transferring property between family members or spouses.
