Buying a home is a legal transaction. For that reason, an attorney offers valuable assistance with the process. One area that they provide help with is the title search. Take a closer look at what's involved in the service and why it's so important to the real estate process, below. 

What Is a Title Search?

A title, or deed, is a document that declares legal ownership of a property. Yet, just because a person is in possession of the title doesn't mean that they're the only individual with a claim.

The goal of the title search is to determine who legally owns the property, along with any documented issues, such as liens or additional ownership. To achieve this feat, the attorney reviews all public records related to the site. 

Why Is It Important?

The biggest advantage of a title search is avoiding unwanted and potentially costly legal hurdles down the road. When a seller isn't the sole or legal owner of the property — even if they're unaware, other parties can step forward to claim ownership.

Such a situation can force a buyer to pay for all or part of the home again or risk losing it. Additionally, any judgments or liens placed on the title carry over to the new owner. 

Who Needs It?

Title searches are incredibly important tools for buyers. The simple step is vital to avoiding financial hurdles down the road. It can also be valuable to sellers that didn't check their title prior to the purchase. The search identifies issues and provides owners with time to fix them before the problems can result in lost sales. 

Ready to buy a home in the Butler County, OH, area? Reach out to the team at Pater, Pater & Halverson for legal guidance with the process. Boasting over 90 years of experience, the local attorneys provide a variety of real estate law services to residents across the Greater Cincinnati area. The team's expertise ranges from title searches and closing to estate planning and wills. Review their services online, and book a consultation at (513) 867-1411.