There are numerous steps involved in the process of buying a home or vacant land, but few are as important as the title search. Although a property may be new to you, keep in mind that its history will play an integral role in determining how successful your investment turns out to be. A thorough search can protect you from experiencing future financial and legal problems by revealing if there are any title defects. Here are a few reasons to make sure a title search is done before finalizing your property purchase.

Why It’s Important to Conduct a Title Search Before Closing Your Real Estate Deal

1. Ensure an Accurate Chain-of-Title

A chain-of-title details each transfer of ownership a property has gone through. This should go all the way back to the original owner and continue without any gaps until the present seller has been accounted for. By verifying the chain-of-title, a title search will ensure the seller is legally able to sell you the property.

2. Discover Unknown Easements

When you buy a home or piece of land, you expect to have full control over how it’s used. However, a title search may uncover an easement that gives a third party access to the property. This could give utility workers permission to enter your backyard or allow a neighbor to cross your lawn to reach a main road. Easements can limit your use of the land and prevent you from building on it.

3. Check for Liens Against the Property

One of the most essential things a title search does is determine if there are any liens against a property. This is a court-ordered judgment intended to satisfy unpaid debts owed by a former owner. Liens can be attached to a property for a variety of reasons, including back child support and unpaid taxes. It’s crucial to find out about existing liens to avoid becoming responsible for someone else’s debts.

Title issues are more common than many people realize. Safeguard your real estate investment by working with the professionals at Looney & Chadwell Title Services. They have been providing residents throughout Cumberland County, TN with accurate title search results since 1972. With their help, you will enjoy a smoother closing process and gain full peace of mind about buying a particular property. Call their Crossville office at (931) 484-7129 to schedule an appointment, or visit them online to learn more about their expertise in this area.