A title search is a crucial step when buying real estate. This search ensures that the property you are purchasing has a clear title and is free from any liens or claims. But how long does this process actually take?
It depends on many factors
The title search process typically takes around 10 to 14 business days. Yet, this timeline can vary based on several factors:
- Property age: Older properties may have more complex histories, which means more time to research.
- Location: Rural areas might have less organized records, potentially extending the search time.
- Property type: Commercial properties often involve more intricate searches than residential ones.
- Record availability: Some counties have digitized records, speeding up the process.
The process might take longer due to the state’s specific laws and regulations. In Georgia, for example, the title search process often covers a minimum of 50 years of the property’s history.
Do not risk your investment
During a title search, the title company or an attorney examines public records to determine current and past owners, any existing liens or judgments, unpaid taxes, easements or restrictions and other potential claims on the property.
These findings are essential because they can impact property value and the buyer’s post-purchase rights. For example, undiscovered liens could become the new owner’s responsibility.
Skipping the title search process might bring more harm than benefits. That said, it would be advantageous to have a qualified real estate attorney as you move forward with the real estate transaction.