Reading Your Title Report Before Listing

Reading Your Title Report Before Listing

While it might not be the first thing on your list, there are quite a few reasons why you should several important documents before making any property purchase. Those include your title abstract, the title insurance policy with schedule of exclusions, the survey while you walk the property lines, and any homeowners’ association documents. You may inspected a property and everything looked great, so you didn’t look at the county plat or have a survey done and rushed to buy it. Then after closing, you see something you thought was a part of your land and turns out it is not.

The truth is that in almost every circumstance, there is a potential for issues to arise if important documents aren’t all reviewed thoroughly before purchasing property. There is a chance you may be okay with dealing with that issue yourself, but wouldn’t you like to know about it before you choose to purchase?

When you are purchasing a property using a multiple listing service transaction, the escrow company being used usually provides you with information on the legal rights and responsibilities that come with your new home or land. They may also provide a plat of the property, which will show property boundaries.

Your Schedule of Exclusions will be provided by your title insurance company alongside your insurance. You need to read that list of exclusions and make sure you review any issues. You typically receive all these documents in a packet after you are going into escrow. Make sure you read them! Review them with your agent, insurance officer, and potentially a lawyer if needed. You are making one of the largest purchases you might ever make. Use your knowledge to protect yourself and your purchase.

Published by AmandaMccarty

I have been in the real estate services business in the Southwest Florida real estate markets for many successful years and will be here for many more. This longevity and confidence comes from my real estate services to a great many buyers and sellers, and their recommendations to others that result in repeat and referral business that keeps me productive and successful. As a full service Fort Myers real estate professional, I work with buyers, sellers and investors in real estate transactions spanning all of the price ranges and property types. Residential Single Family – My residential single family services connect buyers with sellers every day, and I do it with professionalism and a total dedication to my clients. This property type is the majority of my market transactions, but by far not the only one in which I have expertise. Condominiums – While condominiums are residential, they’re a very different market focus, and I am an expert in evaluating condos and helping buyers and sellers to cope with the special financing and homeowner concerns for this property type. Multi–family – Investors are great clients for me. Multi–family properties are a very unique market. The detailed return on investment and valuation calculations investors need to evaluate properties for rental are second nature to me. Commercial – Whether it’s a shopping mall, a small office building or a restaurant space, I'm your commercial property specialist. Contact me for your commercial property needs in the Fort Myers real estate markets. Vacant Land – Land is a very special property class. It’s relatively easy to show a gourmet cook a wonderful commercial kitchen in a home and see their eyes light up. It’s more of a challenge to help a buyer or seller to realize the potential in a piece of land. I'm the best at it in the Fort Myers real estate markets. Call me at 239-682-5442 or email me to start a discussion of your needs. Or, fill out this quick form and tell me about your property interests and an overview of your needs.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: