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Bargain and Sale Deed basics

Life changes. Sometimes, your interest in real estate needs to change with it. Use a Bargain and Sale Deed when you need to transfer property ownership to a family member, into a trust or if you're buying real estate from a foreclosure sale.

Use the Bargain and Sale Deed document if:

  • You are transferring property with a person you are familiar with such as a family member.
  • You own a business and you want to buy or sell real property.

A Bargain and Sale Deed is most commonly used in New York, Washington, Wyoming, Colorado and Vermont when transferring residential property. You can employ this Deed when transferring ownership between family members or placing the property into a family trust. Also, you can use a Bargain and Sale Deed when you purchase property at a tax or foreclosure sale. Like a Quitclaim Deed, the seller in this document makes no guarantees on the property being transferred.

Other names for this document: Deed for Bargain and Sale

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