Copyright © Real Estate Attorney Brooklyn. All rights reserved.

Why is a title search important?

A title search is important because it helps identify any potential issues with the property's title that could pose risks to ownership. This process ensures that the title is clear and that the seller has the legal right to sell the property.

How much does title insurance typically cost?

The cost of title insurance can vary based on several factors, including the property's location, purchase price, and any additional coverage options. On average, it may range from a few hundred to over a thousand dollars.

When should I purchase title insurance?

Title insurance should be purchased during the home buying or selling process, typically at closing. It’s crucial to secure this insurance before the transaction is finalized to ensure protection against any title issues that may arise.

Does title insurance cover all types of title issues?

While title insurance covers many issues, it may not cover everything. Common exclusions include certain zoning issues, environmental hazards, or problems that arise after the policy is issued. It’s important to review the policy details to understand coverage limits.

Related Links