Which document typically serves as proof of ownership in a real estate transaction?

In a real estate transaction, a warranty deed is the document that typically serves as proof of ownership. This legal instrument not only transfers the title of the property from the seller to the buyer but also guarantees that the seller holds clear title to the property and has the right to sell it. The warranty deed contains warranties that protect the buyer, ensuring that the property is not encumbered by unpaid debts or legal claims that could affect ownership.

In contrast, a purchase agreement outlines the terms and conditions of the sale but does not itself convey ownership. A title report provides information about the ownership history and any claims or liens on the property, but it is not the document that legally transfers ownership. A sales contract is similar to the purchase agreement; it establishes the framework for the transaction but does not serve as proof of ownership. The warranty deed is essential for confirming that the buyer has acquired full ownership rights at the conclusion of the transaction.