Highlands NC Real Estate, Clear Title Matters
A clean and clear title matters when buying and selling Highlands NC real estate. Title checks are a part of every real estate transaction. This essential step helps protect buyers by ensuring clear ownership exists. Additionally, a clear title means a clean home sale and transfer of ownership. Your Highlands NC REALTOR will get the title process going and will answer all of your questions.
What is a title?
A title refers to ownership of something. A title related to real estate is a lot like a title to a car. You cannot register a car without a title and you cannot buy and sell a home without a title. Title companies search title histories for properties to make sure that no issues will interfere with the sale of a property. Most Highlands NC property sales are simple when it comes to a title check. Others, however, have issues. One issue that may arise could include a lien. A lien against a property can exist for a variety of reasons, including unpaid utilities, unpaid loans leveraged against the home, or a mechanic’s lien.
Another issue on a title can be a Covenant of Record (COR). A COR is a promise tied to the property, perhaps this is an easement for a driveway or access across a property. The promise follows each sale unless an alternative agreement is somehow agreed to prior to a Highlands NC real estate transaction.
Learn more about buying and selling Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling Highlands NC homes. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.