What does a warranty deed guarantee for the grantee?

A warranty deed guarantees that the grantee receives a clear title to the property. This means that the grantor is assuring the grantee that they hold the legal title to the property and that there are no undisclosed encumbrances, such as liens or mortgages, that could affect ownership. The warranty deed also typically contains covenants that protect the grantee from future claims on the title, providing peace of mind that the property is free from legal issues that could pose a risk to ownership.

While market value, future property taxes, and property usage rights may be important considerations in real estate transactions, they are not specifically guaranteed by a warranty deed. Market value can fluctuate due to various factors and is not something that a deed can assure. Future property taxes are typically the responsibility of the property owner and can change with assessments. Property usage rights might be subject to zoning laws, easements, or other regulations and are not guaranteed by the deed itself. A warranty deed focuses primarily on the assurance of a clear and unencumbered title.