There is a certain amount of title research that has to be done for an agent to issue a title insurance policy. There are, however, further questions that can and should be answered in order to ensure that your ability to use a prospective property lines up with your desired use of a property, including but not limited to:
- What kind of buildings can I can construct on the property?
- May I operate my business on the property?
- Do zoning rules allow me to subdivide the property and sell a portion of it?
- Is the property located in a flood plane?
- Does my property have a favorable tax assessment? Is there anything I must do to ensure that the favorable assessment transfers with my purchase?
- Is the advertised acreage of the property accurate?
A real estate purchase is a sizable investment. These questions and more should be reviewed with a professional who knows the answer or knows how to get it. Providence Abstracting Company is able to help you get these questions answered.