A Preliminary Title Report might look a little intimidating but think of it as your guide to understanding the history and status of the property you’re buying. This document outlines who currently owns the property, any liens or loans tied to it and any restrictions (such as easements) that could affect its use. It’s all about ensuring you know exactly what you’re getting.
Start by reviewing the ownership information. This confirms who the legal owner is. Then look at the exceptions section for items like unpaid taxes, loans or restrictions that need to be addressed before the sale is finalized. Finally, check the easements to see if there are any shared access points or rights-of-way that could impact use of the property.
If you are unsure about anything in the report, don’t worry, we’re here to help! Our team is happy to walk you through it, answer questions and ensure that you feel confident every step of the way.