The cost of a title search in Missouri varies depending on the type and depth of the search required. Different services are available, each designed to uncover specific information about a property's ownership and history, which directly impacts the price.
Here's a breakdown of common title search costs for residential properties in Missouri:
| Type of Search | Cost | Description |
|---|---|---|
| O&E Report (Residential) | $95.95 | An Ownership & Encumbrance report is a basic title search that identifies the current owner of the property and any existing mortgages, liens, or other encumbrances recorded against the property's title. It's often used for quick checks or refinance purposes. |
| Two Owner Search (Residential) | $149.95 | This search goes deeper than an O&E report by identifying the last two owners of the property. It also includes information on any related transactions or encumbrances during those ownership periods. |
| 30-Year Search (Residential) | $195.00 | A comprehensive title search that examines the property's records for the past 30 years or more. This detailed report helps identify the full chain of title, easements, covenants, conditions, and restrictions, and any other issues that might affect clear ownership. |
| Title Update | $40.00 | A title update is a more limited search performed shortly before closing on a property. Its purpose is to check for any new recordings or changes to the title since the initial title search was conducted, ensuring no new liens or issues have arisen. |
Property title searches are crucial for buyers and lenders to ensure a clear title, free from any hidden claims or disputes, before a real estate transaction is finalized. The specific cost will depend on the chosen service, which should align with the due diligence required for the transaction.
