Main Office:
55 Patchen Rd, South Burlington, VT 05403
(802) 860-4767
Southern Office:
3533 Woodstock Road, White River Junction, VT 05001
(802) 698-8327
Email: office@peetlaw.com • Fax: (802) 860-2822
Business Hours: Monday-Friday 8am-5pm
Main Office:
55 Patchen Rd, South Burlington, VT 05403
(802) 860-4767
Southern Office:
3533 Woodstock Rd, White River Junction, VT 05001
(802) 698-8327
Email:
office@peetlaw.com • Fax:
(802) 860-2822 •
Business Hours:
Monday-Friday 8:00 am-5 pm
What's the Difference between a Warranty Deed and Quit Claim Deed?
A Warranty Deed and a Quitclaim Deed are two different types of real estate deeds commonly used in Vermont.
- Warranty Deed: A Warranty Deed provides a guarantee of clear title and full ownership to the buyer. The seller warrants that there are no liens or encumbrances on the property, and that the property is being sold with full title and ownership. This type of deed is commonly used in a traditional real estate sale where the buyer wants to ensure they receive clear and marketable title to the property.
- Quitclaim Deed: A Quitclaim Deed transfers ownership from one person to another without any warranties or guarantees. The seller gives up any interest they may have in the property, but does not make any promises about the title or ownership of the property. This type of deed is often used in estate planning, family transactions, divorce settlements, and other non-traditional real estate transactions where the parties may not be concerned about the warranties of title.
In general, a Warranty Deed is used in a traditional real estate sale where the buyer wants to ensure clear and marketable title, while a Quitclaim Deed is used in non-traditional real estate transactions where the parties may not be concerned about the warranties of title.
