What is the main purpose of conducting a title search?

The main purpose of conducting a title search is to confirm legal ownership and identify any encumbrances affecting the property. This process involves examining public records to trace the chain of title, which helps ensure that the seller has the legal right to transfer ownership and that there are no outstanding claims or liens that could impact the buyer's ownership rights.

A title search uncovers information about any mortgages, easements, or other restrictions that could affect the use or value of the property. By identifying these encumbrances, potential issues can be addressed before the sale is finalized, providing both the buyer and seller with clarity and peace of mind regarding the transaction. This due diligence is crucial in real estate transactions to prevent disputes and ensure a smooth transfer of ownership.

While market value assessment, physical condition evaluation, and zoning compliance are important aspects of the real estate process, they do not directly relate to the primary function of a title search, which is fundamentally concerned with confirming ownership rights and potential claims against the property.