5 Reasons why to get a title search when buying property

Without a title search you could end up buying a property that you may never legally own or it may be in a zone that could cause changes to the area around you in years to come (this could be a good or a bad thing depending on the zoning and location) or the purchase may have restrictions which could possibly mean that it is deemed unusable for your intended use.

Baxter & Mason Property Buyers Agent Sunshine Coast aren’t lawyers but we do understand the importance of a title search when you purchase a property. AND when using our services, we will connect you with one of our trusted conveyancers that will do all of the relevant searches to ensure your property purchase is air tight.

But for now, let’s help you understand the importance of a property title search when buying a house, unit or land.

1. Ownership: A title search will reveal the current and previous owners of the property, including any changes in ownership, such as sales or transfers.

2. Encumbrances: The search will show any encumbrances or legal interests that affect the property, such as mortgages, liens, restrictive covenants, or easements.

3. Zoning: The title search will also show the zoning of the property, which is the classification attributed to the land by the local council. The zoning determines what types of buildings can be constructed on the property and how the land can be used.

4. Restrictions: The search can reveal any restrictions or prohibitions on the use of the land, such as environmental regulations, heritage designations, or government-placed restrictions.

5. Caveats: Lastly, a title search can reveal any caveats placed on the property, which are legal restrictions that someone has put in place to protect their interest in the land. It is important to know if there are any caveats on the property before purchasing or dealing with it.