Under a quitclaim deed, what can a buyer be assured of?

Under a quitclaim deed, the buyer can be assured that all of the seller's interest in the property transfers to them. This means that whatever ownership rights the seller has at the time of the transfer are conveyed to the buyer. It's important to note that a quitclaim deed does not guarantee that the title is clear, free of liens, or for that matter, even that the seller has a valid title to the property at all.

The uniqueness of a quitclaim deed lies in its relinquishment of any claim the seller may have, without providing any warranty or guarantees about the condition of the title. As such, the buyer accepts the property "as-is" and may inherit any title issues, existing liens, or disputes that could be tied to the property. Therefore, what the buyer is truly acquiring is the seller's interest as it exists, which may not include all of the rights defined by a clear or marketable title.

Understanding this nuance is crucial for anyone involved in real estate transactions involving quitclaim deeds. This acceptance of risk highlights the importance of conducting thorough due diligence, including title searches, when engaging in such transfers.