Lang Realty provides title services through an established firm for all your real estate transactions: Title & Escrow Services for South Florida
So you don’t have to do it yourself or hire your own title company. But especially for first-time buyers and investors in this market, it’s crucial to understand title reports when buying a Florida property.
For starters, why is a property title report important in real estate?
A preliminary title search is expected and required as part of real estate closings. The report details how the property is legally described, who legally owns the property and whether there are liens or other encumbrances that preclude full ownership. That can range from leases giving tenants certain rights, to easements that grant another party use or access to part of the property. HOA rules that govern most gated communities here may restrict landscaping and what owners are allowed to build on their property.
How long does it take to get a title report?
That depends. A “clean” report can just take days, and a complex property history a week or two or longer.
How to get a title report on a property?
A professional title company will do a search for a fee, usually paid by the buyer. You can also hire a real estate attorney. Fees in Florida can range from $100 up to $500. You can conduct a public records search yourself, but a complete title search by a professional is highly recommended.
