Experienced Guidance For Real Estate Closings & Title Services

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Issues a title search can uncover in your quest for a dream home

On Behalf of | Jun 21, 2024 | Title Work |

Are you on an exciting adventure to find your dream home? If so, your mind is likely flooded with visions of the adventures you’ll have when you get there and a sense of belonging. However, amidst the whirlwind of thinking about open houses and curb appeal, it’s crucial to avoid overlooking the legal foundation of your purchase.

By navigating the process with a watchful eye, you can help ensure that you meticulously scrutinize every facet of your buying process. For example, one pivotal step you shouldn’t overlook is conducting a title search. This process allows you to inquire into the property’s ownership history. This expedition is crucial in uncovering any potential issues that could complicate your dream of becoming a homeowner.

Ownership concerns: Helping to ensure a clear chain of title

Before you close on a dream residential property, you want to try to make sure that the seller you’re engaging with has the legal right to sell the property. You can ascertain this through a title search to discover the chain of title for that particular property. Reviewing the historical record of ownership transfers for your dream home can give you peace of mind, knowing that no dirty business from the past might come back to bite you.

Suppose someone in the past tried to sell the land even though they didn’t have ownership rights; you might want to consult with a trusted legal team about the best course of action. You can also benefit from legal guidance if the title search reveals that the owner recently passed and the property is still in probate.

Restrictions on use due to easements

A title search can also help you uncover any restrictions of use that the property might have. Perhaps a utility company has been granted the authority to establish power lines across the property. Unearthing any easements on the real estate property can help you decide if you’re still willing to proceed with the purchase. Would you be okay with owning a property if your neighbor has the right-of-way across your property? A title search can allow you to answer such questions when you still have options.

When your eye is set on a residential property, a title search might seem like a technicality. However, this process can enable you to make a truly informed purchasing decision. With the assistance of a reliable legal team, you can help guarantee that hidden issues don’t turn your dream home into a nightmare.