A clear title is important when buying Highlands real estate. When issues arise on a title it doesn’t have to stop a transaction from occurring but it can certainly add time and stress. Knowing what the issues are and what to expect is important. While your Highlands REALTOR will offer knowledge and information it is always helpful to know what terms mean when investing in a property.
A common lien that can interfere with a title for a property is a mechanic lien. This type of lien is typically placed on a property to protect a contractor, to ensure payment for a job. While this lien can be taken care of it will most likely add time and push your expected closing date out a bit. Another lien is that related to divorce, placed on a home for skipped alimony or child support payments. Again, these can be taken care of but the process will take time.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about real estate in Highlands NC. We welcome the opportunity to fill you in on the buying process. Let our knowledge and experience serve as your guide to buying Highlands real estate.
Click here to read “Title Issues to Watch Out for at Closing” from REALTOR Magazine.