What is the primary purpose of a title search in real estate?

A title search is primarily conducted to examine public records for the legal status and ownership of a property. This process involves investigating the history of ownership, verifying the current owner's title, and checking for any liens, encumbrances, or legal issues that may affect the use or transfer of the property. By reviewing these records, the buyer, lender, or title company can ensure that the title is clear and free from disputes or claims, which is essential for a smooth real estate transaction.

In the context of the other options, determining the property's selling price is typically influenced by market conditions and comparable sales, rather than a title search. Assessing the condition of the property relates more to inspections and evaluations of physical attributes rather than legal ownership. Evaluating competing offers is part of the negotiation process in real estate sales and does not pertain to the verification of title or ownership status. Hence, the primary purpose of a title search focuses on legal verification through public records.