What does an opinion of title usually assess?

An opinion of title primarily focuses on assessing the condition of a property's title. It provides a professional evaluation of the legal ownership of the property and checks for any defects or issues that may affect ownership rights. This includes examining public records, verifying the chain of ownership, looking for liens or encumbrances, and ensuring that there are no outstanding claims against the property.

Understanding the condition of a title is fundamental for both buyers and sellers, as it directly impacts the legality and marketability of the property. Many potential issues, such as unresolved liens or competing claims, can be identified through an opinion of title, which is why this assessment is crucial in real estate transactions.

On the other hand, assessing the current value of a property is more related to appraisals, while the aesthetic quality and maintenance history of a property focus on its physical condition rather than its legal standing, which is the primary concern of a title opinion.