Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.
Purchasing land is a bit different than purchasing a home or commercial building.
In its vacant form, you may find yourself wondering about a few key things, such as what you can legally use the land for or what its true value is. For instance, will you legally be able to build a house on the land if that’s your intention? And, what is the value of the property when you take into consideration such things as drainage, road access, location and zoning restrictions?
And, of course, how will you protect your rights to the property? When buying a home, most consider title insurance to be a form of loss prevention for your property — so buying it is a must. But what about vacant land?
Check our latest blog post to find out the answer!
Are you considering a land purchase or planning to build on purchased land? Contact us with your questions and we’ll connect you with one of our title experts.