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What is a Special Warranty Deed in Real Estate

Get ready to unlock the secrets of special warranty deeds! Imagine you’re buying a house, and you want to make sure the title is as clean as a whistle. That’s where special warranty deeds come in like real estate superheroes!

Special warranty deeds are like a promise from the seller saying, “Hey, during my time as the owner, I took good care of this title.” They’re different from general warranty deeds because they only cover the period when the seller owned the property. It’s like saying, “I’ll protect you from any title issues that happened while I was in charge.”

But why are special warranty deeds so awesome? Well, they give both buyers and sellers peace of mind. Buyers can feel confident that the title is in good shape for the time the seller owned the property. Meanwhile, sellers can rest easy knowing they won’t be held responsible for any title problems that occurred before their ownership.

Sure, special warranty deeds aren’t perfect. They don’t offer as much protection as general warranty deeds, and some buyers might get a little nervous about that. But for many folks, the benefits outweigh the drawbacks.

So, whether you’re buying or selling, remember the power of the special warranty deed. It’s like having a trusty sidekick in your real estate adventures, ready to swoop in and save the day!

DENNIS GIANG | LONG AND FOSTER REALTORS

Williamsburg Real Estate Agent

Licensed in the State of Virginia

License # 0225246738

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CONTACT ME

 

757.814.4091

dennis@sfthre.com

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The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate but is not warranted. All information provided is obtained from various sources and has not been, and will not be, verified by Broker or MLS. All information should be independently reviewed and verified for accuracy. ©2023 SFTHRE.COM. All Rights Reserved. Dennis Giang is a licensed real estate agent in Virginia, and all information and opinions expressed on this site are neither representative nor on behalf of Long and Foster Real Estate, Inc. Long and Foster Real Estate and the Long and Foster Real Estate logos are trademarks of Long and Foster Real Estate, Inc. Long and Foster Real Estate, Inc fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

 

WARNING – FRAUDULENT FUNDING INSTRUCTIONS: Online banking fraud is on the rise. If you receive an email containing WIRE TRANSFER INSTRUCTIONS call your Realtor or the Title company who's contact information you know is reliable immediately to verify the information prior to sending funds.

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