When purchasing a new home, handle the property deed by securing a clear title, selecting the appropriate deed type (e.g., warranty or quitclaim), and ensuring proper execution and recording. Work with a title company or attorney to verify ownership, resolve liens or encumbrances, and file the deed with the local county recorder’s office. During closing, the seller transfers the deed to the buyer, who signs it to complete the transfer. Retain the deed in a secure location, such as a safe deposit box, and update property records for tax and insurance purposes.

The process ensures legal ownership transfer and minimizes risks of disputes. According to the American Land Title Association (ALTA), 99% of U.S. home purchases involve title insurance, which covers costs for resolving title defects. A 2022 ALTA report found that title-related claims averaged $30,000 per case, highlighting the need for meticulous deed handling. Additionally, the National Association of Realtors (NAR) notes that 85% of buyers work with title companies to avoid errors, as incorrect deeds can lead to legal challenges or financial losses. Property taxes, averaging 1.2% of home value annually (U.S. Census Bureau, 2021), are tied to deed accuracy; mismatches may trigger penalties. Proper deed management safeguards investments and aligns with state laws, such as California’s requirement for notarized deeds, ensuring enforceability.