As far as title search is concerned, you can do a basic title search on your own but you do need to keep in mind that this is not a substitute for a professional title search. Your title search can be useful in giving you some idea about the titles and liens that may be associated with the property in question. However, understand that you will mainly be using free resources and those resources may not give you a very comprehensive report. You will get a basic idea, but you must work with a title company for accurate and complete information before you commit to any deal.
A proper title search is crucial in real estate. Failure to do so can create issues in the future. You need to be sure that the person selling a particular property has the legal right to sell it. You also need to ensure there are no liens or mortgages on the property. If you do not conduct a proper search at the initial stage and before you close any deal, you can face significant legal and financial issues later. Most real estate professionals choose to do their own title search for properties that have a market value of less than $5000. Any property worth more than $5000 should undergo a proper and thorough title search. You need to make sure you do it right.
Here are some tips on how you can do your own title search:
- Pay a visit to the county or district courthouse – The County or District Courthouse generally has chains of title and deed information. If you want to conduct a title search, you can visit the courthouse to see the available documentation.
- Pay a visit to the county assessor: Many states in the US also provide additional tools to enable a free property title search. These tools can be found online on state government sites where you can select your county and search through the listed properties. However, keep in mind that there can be cases where the information is not complete or 100% up-to-date. You may still need to go to the courthouse in person to find out more information.
- Browse through online directories and public records: While there is no guarantee that you will find your property here, there is no harm in searching through online directories and public records. You can try to find relevant information by choosing your location and putting in the owner’s name.
The important thing to remember is that your own title search efforts should never be considered a substitute for a proper search conducted by a professional.
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