Devika Pragati Group : Bargain and Sale Deed

A deed is the written document which transfers title (ownership) or an interest in real estate property from one person to another person. The deed must describe the real estate property, name of the party transferring the property (grantor), name of the party receiving the property (grantee) and be signed and notarized by the grantor.

‘Devika Pragati Group’ understands the value of the hard earned money of our investors which they invest in the real estate properties.  In order to avoid any future inconvenience regarding the ownership claim, buyers must possess the fair knowledge regarding the following deeds:

The ‘Bargain and Sale Deed’ transfers ownership of a property from the seller to the buyer. It generally does not guarantee to the buyer that the seller owns the property free and clear. A bargain and sale deed resembles a quit claim deed, but the property is sold rather than relinquished.

A ‘Warranty Deed’ acts as a guarantee to the buyer that the seller has the right to sell the property, and that the property is free of debt or other liens. It is often used in a real estate deeds. The seller must defend the title against any and all other claims, and compensate the buyer for any unsettled debts or problems. Warranty of title and warranty against encumbrances gets covered under this deed.

‘Quitclaim Deed’ is also referred as non warranty deed as it offers the least amount of protection to the grantee. In this deed Grantor conveys whatever interest they may have in the real estate to the Grantee without any warranty whatsoever. So, if the Grantor has no interest in the property then the Grantee will receive no interest. 

‘Devika Promoters and Builders’ works to safeguards the investment of our customers by providing them information regarding these deeds.