What is the purpose of a title search?

A title search is conducted to verify the property's ownership history. This process involves examining public records to ensure that the title is clear and that there are no outstanding claims, liens, or encumbrances against the property. By confirming the ownership history, potential buyers or lenders can be assured that the current seller has the legal right to transfer ownership of the property, thereby protecting themselves from future disputes or legal issues related to property ownership.

The other options, while relevant to different aspects of real estate, do not pertain to the primary purpose of a title search. Determining market value involves appraisals and market analysis, assessing property condition involves physical inspections, and evaluating crime rates pertains to neighborhood safety assessments rather than ownership verification.