If you are closing on a Boston condo for sale the closing attorney will need to prepare title documents, sometimes referred to as a title search. The title search is a thick document that is sent to anyone who has interest in a property. Easements, right of ways, and deeds are all reflected in the title search, which has to be fully updated to the time that you are closing on a transaction. 

What is a Boston condo title search?

A title search is an examination of a downtown Boston real estate property starting with the current owner and the records associated with that particular Boston condo. The title examiner starts with the current deed and searches prior ones to establish a chain of ownership for a period of no less than 50 years. Then he or she copies and reviews all of the deeds in the chain to verify that ownership had been transferred correctly. There are things (known as “latent defects’’) on a deed the new owner could inherit — an incorrect property description, for example.

What does a title search consist of?

Once the title examiner has established the multi-year chain on the Boston Beacon Hill condominium, he or she then maps the ownership starting from the first deed, verifying that all liens and other encumbrances have been released. For example, I have a mortgage on my home. This is considered a lien, which makes my title less than marketable. If I decide to sell my home, I would have to pay off the mortgage using the proceeds from the sale in order to give the new owner a good title. A few examples of other encumbrances could be unpaid condo fees and municipal or Internal Revenue Service liens for nonpayment of taxes. These liens need to be dealt with prior to a sale, because a new owner could be held responsible for them if they are not addressed.

How Much does a Boston condo for sale title search cost?

Examinations typically cost $175 to $300, depending on the extent of the search for the Boston Seaport condo. If you are buying a Boston Midtown condos for sale and need a mortgage, your lender will require a title examination, and you will foot the bill. If you’re buying a home but don’t need a mortgage, I highly recommend that you hire a professional title examiner anyway. Better to be safe than sorry.

Boston Beacon Hill Condos for Sale


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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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