At Clear Title of Northwest Florida, we can assist you in obtaining a low-cost title search for your residential real estate transaction or any other purpose. Due to the large volume of title search requests we handle, we are able to offer discounted pricing from a highly-trusted title search provider.
Before purchasing or financing a home, it is important to make sure that the seller actually has the right to sell the property. While this may seem unnecessary, the truth is that there are a number of important reasons to consider a title search before you go to closing. Combined with quality title insurance, performing a title search allows you to close with confidence that you are truly getting what you paid or pay for.
What is a Title Search?
A title search involves researching the public real estate records to determine whether there are any unsuspected issues that could negatively impact a purchaser’s ownership or use of a piece of property.
What Are the Benefits of a Title Search?
The benefits of a title search depend on the results. If the search reveals that there are no issues (i.e. that the seller has “clear title” to the property), then you can proceed to closing with reasonable certainty that you will not run into issues down the line.
On the other hand, if your title search uncovers a potential problem, performing the search allows you to address the issue now rather than having it come up unexpectedly later on. This could mean having the seller rectify the problem, or it could mean making an informed decision to consider another property.
What Types of Issues Can Come Up in Title Searches?
Most of the time, title searches simply provide peace of mind. But, occasionally, they will reveal issues with the seller’s title to the property. These issues can include:
- Easements or restrictive covenants
- Judgment liens, tax liens or other title defects
- Outstanding property tax obligations
- Third-party interest in the property
- Unsatisfied mortgages
If My Title Search Comes Back Clean, Do I Still Need Title Insurance?
Even if your title search provides a clean bill of health, it is still advisable to purchase title insurance. One reason is that there are certain issues that title searches cannot uncover. Another reason is that your lender will likely require you to purchase title insurance regardless of whether a title search has been performed for the property.
How Do I Request a Title Search?
To request a title search, simply call Clear Title and ask. Our team of closing professionals, led by board-certified real estate attorney and company founder Stephen R. Moorhead, will be happy to obtain a title search for you. We can even help you understand the results of your title search so that you do not have any lingering questions as your closing date approaches.
Request a Title Search from Clear Title of Northwest Florida
With three offices conveniently located throughout Pensacola, Clear Title serves homebuyers, real estate agents and lenders throughout Northwest Florida. If you would like more information about requesting a title search, please call Pace office (850) 994-3838, Pine Forest office (850) 202-8518 , downtown Pensacola office (850) 378-8765 or inquire online today.