ELI5: Explain Like I'm 5

Search report

Imagine you have a really big box of toys, but you can't find the one you're looking for. So, you start searching through the box to find it. That's kind of like what a search report is.

When someone wants to buy a piece of property, it's important to make sure there aren't any problems with it before they buy it. They want to make sure they're getting what they paid for, and that there aren't any surprises that could cause problems later on.

That's where a search report comes in. It's a bit like a big box full of information about the property someone wants to buy. The search report tells them all sorts of things they need to know, like who owns the property, if there are any mortgages or other loans on it, if there are any unpaid bills, if the property has any legal problems, and more.

Just like searching through a big box of toys, the people who put together the search report need to look very carefully through lots of documents and records to find all the information they need. Once they've found everything, they put it all together in the search report to make it easy for the person who wants to buy the property to see all of the important details in one place.

So, a search report is a bit like a treasure map, helping people who want to buy property find all the important information they need to make sure they're making a good choice.