When your client sells their home, they will transfer their warranty deed over to the new owner. This document provides the deal has been finalized and the buyer now has full control and ownership of the property. A quit-claim deed, on the other hand, is a deed that changes hands, from one person to another, but when there is no money involved. The residence in question hasn’t been sold. Rather, the owner simply decides to transfer the deed to the second party. These deeds comie into play most frequently when someone decides to give their residence to someone else in their family at no cost.