Ensuring the Best Title to Real Property
What should a buyer do to ensure that he is getting the best title to real property?
a. get attorneys opinion of value
b. get title insurance
c. get a special warranty
d. get a general warranty deed
Final answer:
To ensure the best title to real property, a buyer should get title insurance.
To ensure that he is getting the best title to real property, a buyer should get title insurance. Title insurance provides protection against any unforeseen issues or claims that may arise with the title of the property. It is important to note that a buyer should also conduct a thorough title search and review the title abstract before purchasing the property.
While getting an attorney's opinion of value can help determine the market value of the property, it does not directly address the issue of title. Likewise, special warranty deeds only provide limited guarantees, while general warranty deeds offer more comprehensive and long-term protection.