There’s no better way to achieve success with home buyer and real estate investments than to be informed. Mistakes are, unfortunately, something that does happen, but doing due diligence can prevent such outcomes. That said, here’s how a simple search for property owners and title details can keep you on top of your game.
What Information is Recorded in The Title Register?
Ever since the commencement of the Torrens title system, all property ownership information is recorded in the central title register of each state. All title information is fully available to the public, which makes it possible to do your research on a property as a necessary precaution. Here’s a list of things you can expect to find in a title search:
- The owner of the land
- A description of the property in the form of a Title Plan of the land
- Whether the estate is freehold or leasehold
- If the land is held under a mortgage or lease and the name of the person who holds it
- The terms of any covenants, easements or restrictions on the land
- Unregistered interests such as proposed easements or an equitable interest recorded in the caveat
What is Due Diligence and Why Does It Matter?
As the costs of acquiring a property are typically high, gathering as much information on the land and housing as possible is highly advisable. It ensures that you, as a buyer, don’t end up being blindsided by additional costs after signing the contract and are able to take all aspects into account.
First of all, this means finding out or confirming the current owner’s name. Once you’ve crossed that off your list, you’ll want to look at all financial information pertaining to the property. Keep an eye out for leases, mortgages, and encroachments which haven’t been taken care of and could have an impact on your sales contract.
Being fully informed goes a long way to avoiding risks and ensuring a positive outcome, so the importance of doing due diligence can’t be stressed enough.
How Can You Search For Property Owner Information?
Due to all registered title information being available to the public, you don’t need to go to great lengths to get it. Ownership reports are easily accessible through online services such as Property Registry and generally completed in just two minutes. Just head over to our title register page and enter the property address or title number and click search.
This is an effortless and useful tool for not only home buyers, but also property investors, real estate agents, conveyancers, and solicitors.
All things considered, a search for property owners and title information is something that will get you a long way towards a beneficial, solid transaction. Something to take away from all this: plan in advance, be informed and stay on the safe track!
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