There are many inspections, forms and processes that must be carried out before someone purchases a home or property, especially if it’s on or near the water. One of the most important investigations a potential home or property owner can conduct before considering a particular piece of land for purchase is a property search.
A property search primarily deals with water surrounding a property. It identifies the water that stands on or flows through a property, as well as the probability of flooding based on a property’s vicinity to water sources. While not required, a property search should always be carried out before buying a property that has water running across it, standing water or is located near a source of water. Property searches also consider Riparian water rights, which deal with the ownership of water.
Here’s what you need to know.