During a title search, the property’s records go under the microscope for close examination. Though less glamorous than “shinier” aspects of a home purchase, like its new kitchen or expansive owner’s suite, ensuring a clean title is just as important (or more!) to the success of your investment. 

Why You Need a Title Search

Title searches are essential to real estate closings in Florida. Their purpose is to confirm that the property’s title is clear, and the seller has the legal right to transfer ownership. Without a title search, major issues could rear their heads years down the road, including the discovery of liens or unpaid debts, ownership disputes, easements or restrictions. Before buying a home, you want to verify that the title is clear, as any unresolved issues could affect your rights as the new owner.

Who Conducts the Title Search

A title search is typically performed by a title company or a real estate attorney. Teams like ours at ADS Title Services have access to public records and databases where we can investigate the property’s history. 

During a title search, property records are scoured. These include deeds, court records, tax records, property and name indexes, easements, and many other documents. We also look for encumbrances, which are claims or rights held by third parties that could affect the ownership or use of the property. A thorough chain of title review traces the history of the property’s ownership, and validates that the seller is the legal owner of the property and has the right to transfer the property.

How Long Does a Title Search Take?

The length of time it takes for a title search in Florida will depend on several factors. These include

  • The age of the home – Older homes may take longer because they may have more transaction history.
  • The amount and availability of documents – More documents mean it takes more time to review.
  • The presence of any title issues – If unresolved liens or other title issues surface during the title search, this can lengthen the amount of time it takes to conduct and complete the title search.

Generally, title searches can be completed in fewer than two weeks and cost less than $500. Your title company will keep you informed of the timeline specific to your property. 

Contact Our Team at Sirulnik Law and ADS Title Company

Title searches are an essential part of real estate transactions because they reveal if there are any claims, defects, or other rights or burdens already on the property. As you prepare to close on a new property in South Florida, get in touch with our team at ADS Title Services, Inc. to learn more about title searches, title insurance, and the real estate closing process in Miami.