What is the role of public records in real estate transactions?

Public records play a crucial role in real estate transactions by documenting any transfer of or claim of interest in titles. This includes essential elements such as property deeds, mortgage records, liens, and easements. These documents establish ownership, disclose any encumbrances on the property, and offer legal proof that can be relied upon during the buying or selling process.

For prospective buyers, access to public records helps ensure that the property they are interested in is free of disputes or claims that may affect ownership. Sellers also need to understand the implications of this documentation, as any existing liens or claims must be resolved before a clear title can be conveyed to a new owner. Thus, public records provide the legal backdrop that facilitates safe and transparent real estate transactions.

In contrast, while historical data for land use and tax purposes may utilize public records, these functions do not encompass the primary role of public records in establishing real estate ownership and transactions. Additionally, while marketing aspects are important for agents, they are not a primary function of public records.