GENERAL WARRANTY DEED - Deed Subject To,
Benefits of a general warranty deed
Buying a property is one of the biggest decisions you will take in your life. You will be investing a big part if not all of your life’s savings. And if you invest in the wrong location, you may lose it all. So, you need to find the right property first. You also need to make sure that you are paying the right price for it. But even bigger problem than that are the conflicts related to the property. Often there are pending court cases or disputes for the real estate you are about to buy. If you buy it while these conflicts still stand you will have to face a lot of problems in the future. That’s why it is advised to make sure that there are disputes related to the property in question. And the easiest way of doing so is to get a general warranty deed. It is the type of contract in which the seller ensures that the buyer will get complete ownership of the property without any conflicts. Also, through this deed the seller will ensure that there are no such issues with the property that can affect its value in any way. If any of these claims are found to be untrue the seller can be held liable.
A general warranty deed is a pretty solid proof that buying the property is safe. And even if it is not, the deed will protect you from disputes that it might have. To be extra cautious you can ensure an unbroken chain of general warranty.