Does it matter what kind of deed I get when I buy a house?

Yes, the kind of deed you get when you buy house matters.  Different kinds of deeds provide the buyer with different levels of protection concerning the property.  A statutory warranty deed provides the best protection to the buyer.  In that kind of deed, the seller (grantor) warrants or promises that certain facts are true, even if the facts are not specifically set forth in the deed.  The facts or warranties are set forth in a state statute.  A bargain and sale deed provides less protection than a statutory warranty deed due to limited warranties that may be provided by another state statute or negotiated by the parties.  A quit claim deed provides the least protection to the buyer.  It transfers to the buyer (grantee) whatever interest in the property that the seller has, but there is no warranty that the seller has any interest in the property at all.  In most transactions, a statutory warranty deed will be used.  However, in some kinds of transactions, it is more common to see a bargain and sale deed because of the circumstances.

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