Did you find a home in Brandon that you love and want to buy? Congratulations! Before you make the home sale official, there are important steps to take for your financial safety. Further, not only do you need to get the home inspected and appraised, but you also need to conduct a property title search. Likewise, here's all you need to know about a house title in Brandon!

What Is a Property Title Search?

According to Rocket Mortgage, a property title search pulls information from public records about the property to help confirm the rightful owner. In addition, it can also reveal things that could affect your purchase. Moreover, there may be claims or liens on the property or financial rulings against the current owner.

Further, a title company or attorney typically takes care of the title search. However, in some instances, a home buyer may choose to take on the task.

How Much Does a Title Search Cost?

Generally, the cost of a title search ranges from $100 – $250 (depends on where you live). It is often included in the closing costs at the end of the purchase. After the process, you should receive a report on all documents that relate to the property. In addition, they show highlights of any drawbacks that could affect the sale.

Why Do You Need a Property Title Search?

Lastly, there are often a lot of title issues that need to resolve before transferring ownership of a home from the seller to the buyer. Therefore, the main reason you need to have a property title search completed is so that you’re aware of these issues. This needs to be done officially before purchase of the home.

After a title search, you as the buyer should know exactly who has clear and free ownership of the home. Likewise, if there are any uncertainties, you now know not to move forward with the sale.

In addition, if you purchase your home with a mortgage, a title search and lender’s title insurance policy is also required by your lender. Moreover, this protects them financially against any claims that go against your home’s title. 

Contact Home Buyer Tampa Today!

Furthermore, to conduct a title search may seem intimidating, but it doesn’t have to be! That’s why there are professionals to help you along the way.

If you feel hesitant about buying a home or are a seller that has concern your home won't sell, don't worry--give us a call. Likewise, we are cash home buyers in Brandon you can trust. Therefore, we are happy to give you a second opinion. Give us a call at 813-296-6200 or fill out the form below!