What is the purpose of a title search?

A title search serves a critical function in real estate transactions by examining public records to determine the legal status of a property title. This process involves reviewing various documents, such as deeds, mortgages, liens, and other encumbrances, to uncover any issues that may affect ownership, such as outstanding claims, disputes, or unresolved liens.

The information gathered during a title search is essential for buyers, sellers, and lenders as it validates the property's ownership and identifies any potential legal obstacles. Ensuring that the title is clear and free of issues provides peace of mind for all parties involved and is a crucial step in facilitating a smooth transaction process. By confirming legal ownership and uncovering any risks associated with the title, the title search lays the groundwork for secure property transfers and helps prevent disputes in the future.

This process is distinct from other activities mentioned, such as negotiating rental terms, assessing property condition, or calculating market rent value, as those focus on different aspects of real estate dealings.