One situation when a Bargain and Sale deed is unlikely is the Beneficiary deed. Relative to the other types of deeds, a Beneficiary deed is a new tool designed for estate planning. The Beneficiary deed can be recorded at any time, and withdrawn at any time, with the main purpose being to transfer the property upon death and outside of probate. The Beneficiary deed will indicate who the current owner is and who will inherit the property. As this is a new tool, there will be developments and discussions in how best to utilize the mechanism.
Now we get to the commonly known types of deeds, starting with the Quitclaim deed. This deed is use to sell any and all interest held by the seller to the new owner. There are no guarantees the seller owns any part of the property being sold. Because there is this lack of affirmative reassurances in the transfer, Quitclaim deeds are disfavored, in part because it makes it difficult to correctly track the title.
The next step up is the Limited or Special Warranty deed. This deed gives the buyer confidence the seller is actually permitted to sell the property and describes any easements or defects created or known from the time the Seller owned the property. It is a time limited instrument, but it is a stronger deed then some others.
Finally, there is the Warranty deed. This deed stretches back as far as there are records, attempting to describe the ability to sell, any encumbrances such as liens and easements, and more as provided by state law. Such warranties and covenants mean the buyer is obtaining more security and peace of mind with a Warranty deed than any “lesser” deeds. While a Warranty deed may not always be available, it is the strongest type of deed to record.
There are special use deeds, such as executor deeds, administrative deeds, and more. However, in general, when purchasing real property, these are the types of deeds you may encounter. Good luck looking for real estate!