Definition
A legal document that transfers ownership of property from one party to another. It’s proof that you own your home or land.
What to consider
- Keep your deed safe—it’s proof of your home ownership.
- Store it with your other important documents.
- Update it if any ownership changes occur.
Real world scenarios
- Gina reviews the deed carefully when buying a home, confirming the property lines and any existing easements.
- After final mortgage payments, the bank files a release document, ensuring the deed is now in Ryan’s name alone.
- When transferring ownership to her son, Maria executes a quitclaim deed, streamlining the process with minimal fuss.
Related terms
Related Playbooks
Get instant access to all our expert playbooks and 1-1 financial coaching when you join the Bolder Money community. Learn more here.
Real Estate & Homeownership
Quick Guide to Accurate Property Values: Real Estate & Vehicle Worth Calculator
