Clear Title in the LBI Real Estate Market
- Mar 13, 2020
- 2 min read
Long Beach Island Real Estate and Clear Title
Clear title, as the name would imply, means that the title work on the property is free from any claims, liens or debts. Buying a home in the Long Beach Island New Jersey real estate market is a significant investment, and ensuring that the title is clear is essential to a successful real estate transaction.
Clear Title in the LBI Real Estate Market
To issue a clear title, a title company will review the chain of title for the property. A chain of title defines past ownership and reviews any debts, and use this information to ensure the property is free from any liens or encumbrances. Generally, there will be some exceptions to the title work, but the clear title should be issued before any purchase in the LBI real estate market is completed. Buying a home is a significant investment, and the importance of the issuance of a clear title cannot be overstated.
Buying in the Long Beach Island Real Estate Market
When buying a home in the LBI real estate market, it is essential to have the right team in place. A transaction will usually involve a home inspector, a real estate agent, a mortgage lender if applicable, and a title company, to name a few. As I mentioned above, do you issuance of clear title is one of the most critical aspects of buying a home in Long Beach Island. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
