This is an official Washington form for use in land transactions, a Bargain and Sale Deed (with representative acknowledgment).
A bargain and sale deed is a legal document used in real estate transactions to transfer property from a seller, often called the granter, to a buyer, known as the grantee. This type of deed serves as evidence of the transfer of ownership and provides certain warranties to the grantee. In a bargain and sale deed, the seller agrees to sell the property "as is," meaning they make no guarantees regarding the property's condition. Furthermore, the granter makes no warranties against any claims or encumbrances on the property, except for those specifically mentioned in the deed. There are a few different types of bargain and sale deeds, each suited for specific situations: 1. General Bargain and Sale Deed: This is the most commonly used type, where the granter transfers the property with no additional warranties or guarantees, other than the assurance that they have not previously sold or encumbered the property. 2. Bargain and Sale Deed with Covenants: Similar to a general bargain and sale deed, but with additional covenants of the granter. These covenants usually include the warranty that the granter has the right to convey the property and that the property is free from any undisclosed encumbrances. 3. Bargain and Sale Deed without Covenant: In this type of deed, the granter transfers the property with no warranties or covenants whatsoever. The granter simply conveys whatever interest they have in the property without making any promises or guarantees. 4. Bargain and Sale Deed in Foreclosure: This type of deed is often used when a property is being sold through a foreclosure process. It transfers ownership of the property to the highest bidder at a foreclosure auction. Overall, a bargain and sale deed is a fundamental legal instrument used in real estate transfers. It is important for both parties involved in the transaction to understand the specific type of bargain and sale deed being used and the implications it may have on the transfer of property ownership.
