This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
The contract should also specify the time and place for the delivery of the deed, and the character of the deed to be executed. The printed form, sold by law stationers, usually calls for a warranty deed, with the usual full covenants. A warranty deed practically makes the grantor the insurer of the title, up to the amount of the consideration, which he has actually received, and in these days, when title insurance usually accompanies each purchase, an opportunity is sometimes afforded to the seller to suggest that the purchaser should be willing to accept a deed without covenant of warranty.