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

The primary purpose of conducting a title search in real estate transactions is to determine the legal ownership of a property and identify any potential claims or liens. A title search involves examining public records to trace the ownership history of a property. This process is crucial because it helps ensure that the seller has the legal right to sell the property and that there are no outstanding claims, such as liens or encumbrances, that could affect the new owner's rights.

This function of the title search protects buyers from unexpected legal issues that could arise after the purchase, such as disputes over property boundaries or unfulfilled financial obligations related to the property. By identifying any potential issues with the title upfront, buyers can make informed decisions about their investment and take necessary precautions, such as securing title insurance.

The other options pertain to aspects of real estate transactions that, while important, do not directly relate to the primary function of a title search. Estimating market value, assessing property condition, and validating zoning regulations are all important considerations in real estate but are handled through different processes and assessments outside the scope of the title search.