Limited Warranty Deed Instead of General
This is a major benefit for Sellers. The old language required the Seller to convey title via General Warranty Deed. This meant the Seller was warranting the title against all defects, including those that may have occurred before the Seller owned the property.
Warranty: Seller warrants that at the time of closing Seller will convey good and marketable title to said Property by limited warranty deed…..
The 2017 GAR forms provide for the Seller to convey titles via a Limited Warranty Deed. This limits the Sellers warranty to just the time that the Seller has owned the property. (Your agent or Broker cannot mess this up)
Van Purser is a licensed Real Estate Broker in Georgia. Since 1981 he has represented hundreds of clients over the years as an investor, and Associate Broker with Metro Brokers, RE/Max and now with his own firm. He sees his role as your Broker as an advocate, always seeking ways to enhance your value and benefits.
He and his wife, Jeanne, who is also a broker, have been happily married since 1977. Van can be reached at 770-623-3313 or by email VanPurser@VanPurser.com.