The people who buy homes are not often looking for a house, but rather for the lifestyle that will come with it. Homes offer privacy and space, but houses offer something more – a sense of belonging. You can browse here https://www.oahuhomebuyers.com/we-buy-homes-ewa-beach/ to know more.
With this in mind, here are the benefits of a home title search:
Reduce your risk significantly
When selling a home, it is really important to make sure that the buyers are not conned or swindled by any previous owners or those who may have a stake in the property. All these people will be listed in the title search, as well as any cases of theft, fraud or embezzlement that occurred while they owned the property. A professional title search will therefore reduce your risk significantly and you will be able to sleep easy at night.
Help find hidden problems
The title search will also help you detect any hidden problems that may be in the property. This is a great tool to help decide whether the asking price of your home is fair, or if you should think of lowering it. You can also check if your neighbors have issues with the land registry, which could mean that they are planning to build on top of your property.
Help sell your house faster
A title search is designed to help you sell your house fast, by showing off all its features. Potential buyers are usually looking for a quick and easy sale, so any problems with the property will be a turn-off. By getting the property cleared with a search, you will be able to get it off the market fast and move on to something new.
A title search comes in handy when renewing your home loan as well. Banks will refuse to lend you money if there are any problems with the title, as it is against their policy to lend money on a property that was bought using fraudulent or dishonest means. Therefore, it makes sense to clear the property before you apply for any type of loan renewal, to save yourself a lot of time and money.
Get your full entitlement
The last reason for getting a title search done is that it will show you exactly how much of the house does not belong to you.