What is the effect of a title defect on property marketability?

A title defect can significantly impair the marketability of a property. When there is a defect in the title, such as unresolved liens, claims, or disputes concerning ownership, it raises concerns for potential buyers. This uncertainty creates hesitation among buyers, as they want assurance that the property is free of legal obstacles that could affect their ownership rights.

As a result, a title defect can decrease the likelihood of selling the property, as buyers may be deterred by the risks associated with such defects. Moreover, sellers may need to invest time and money to resolve these defects before successfully marketing their property, which can lead to increased costs and delays in the sale process. Thus, a title defect directly diminishes the property's appeal in the market, leading to the conclusion that it potentially decreases the ability to sell the property.