If you’re giving real estate as a lasting present of value, may I suggest a title insurance policy as a housewarming present?
Most people get real estate through purchase or inheritance. Gifting is a more rare form of land acquisition but is no less at risk to ownership challenges. You may think that because you’ve owned the property for a long time there are no title problems. That’s where the threat of hidden risk walks in.
Title insurance is for the unforeseen challenges—for what may have happened even before you owned the property, for any mistake that might have occurred in public records, for that paternity suit you didn’t know about yet.
If you’re giving the gift of real estate, you don’t have to donate hidden risk. Buy a title insurance policy for the new owner, and you add lasting worth to a valuable gift.
If you truly believe that it is better to give than to receive—especially if we’re talking big items like land—please don’t hesitate to call me!
