From the Purchaser's Perspective

1. You need to know that the searches have been done properly and that there are no adverse interests. There are two aspects to searches being done properly:
   • that the right searches were done;
   • that nothing was missed (by the lawyer or responding authority).

2. You also need assurance that there is good and marketable title. You need this in order to be able to sell the property at a future date. This could be provided by a lawyer's opinion or a title insurance policy (including TitlePLUS title insurance).

3. You need to be aware of the importance of recourse and/or source of compensation if a problem emerges. Some of the types of problems that could lead a purchaser to want compensation are:
   • actual title problem (e.g., competing owner);
   • adverse financial interest (e.g., old mortgage, tax arrears).

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