A Preliminary Title Report might seem a bit overwhelming at first glance, but it’s actually a helpful guide to understanding the history and current status of the property you’re buying. This report spells out important details like who owns the property now, any liens or loans attached to it, and any restrictions—such as easements—that could impact how the property can be used. It’s all about giving you clarity and confidence in what you’re purchasing.
Here’s how to approach it:
- Start by checking the ownership information. This confirms the legal owner of the property.
- Next, review the exceptions section. This is where you’ll find items like unpaid taxes, existing loans, or restrictions that need to be resolved before the sale is complete.
- Lastly, look at the easements. These outline any shared access points or rights-of-way that might affect how you can use the property.
If anything in the report feels confusing, don’t worry—you’re not alone! We’re here to help. Our team is ready to walk you through it, answer your questions, and make sure you feel confident every step of the way.