The Importance of a Title Search for Your Real Estate Purchase

real estate purchase

Learn how a title search secures your real estate purchase.

When preparing for a real estate transaction, conducting a title search is a valuable component of that transaction. A title company performs a title search to ensure that your ownership of the property is met without challenges. Once you know that the title belongs to you, you can assume ownership with peace of mind. But what else can title search do for you? And how might title searches be changing with new technology? Read on to find out how a title search impacts your real estate purchase. 

How a Title Search Impacts Your Real Estate Purchase

Your Maryland title company will conduct a title search. The information can be obtained through online public records and by physically going to the courthouse to search public record books. The first and most important aspect of a title search is making sure that there are no breaks in the title chain. In other words, it is making sure that the ownership has been transferred correctly throughout the life of the property. This will show whether anyone could potentially claim ownership of the property. The title company also searches for any liens or encumbrances that are on the property. 

How Far Back Do Title Searches Go? 

It is customary for a 60-year search to be completed for a new real estate purchase. The title company’s responsibility is to clear any defects in the chain of title or to clear unreleased deeds of trusts. The title search results contain the information or data that the title company will use to determine the title insurance policies. When lenders and owners acquire title insurance with a one-time payment during the real estate purchase, they know that they are protected for the future. 

How Title Searches Are Going Digital 

Fortunately, title searches are becoming a bit easier, with data becoming increasingly available online. This digitization of public records is becoming increasingly common but still has improvements and adjustments to make. Easy access to public records is essential for conducting a thorough title search. A successful title search is, in turn, necessary for a satisfactory real estate purchase. 

When you make a significant purchase such as real estate, you want to make sure it goes smoothly. Title searches and the skilled title companies that conduct them are essential for successful real estate transactions. 

A Title Company You Can Trust: Colony Title

At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, and LinkedIn.

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