What is a title search?

A title search is a crucial process in real estate transactions, focusing specifically on the ownership history of a property and any claims or encumbrances that may exist. This thorough review involves examining public records to determine the chain of title, which helps to ensure that the seller has the right to transfer ownership and that the property is free from liens, judgments, or other issues that could impact the buyer's ownership rights.

In the context of a real estate transaction, verifying the title is essential for safeguarding against potential disputes over property ownership or unforeseen financial liabilities. Conducting a title search therefore provides buyers and lenders with confidence that the property they are acquiring is legally sound and that they will not face unexpected challenges after the purchase.

Other options, such as assessing the neighborhood, inspecting the property visually, or comparing property values, are vital components of the overall real estate evaluation process but do not address the specific legal and historical aspects of ownership and claims that a title search entails.