{"id":981,"date":"2020-09-08T06:00:03","date_gmt":"2020-09-08T10:00:03","guid":{"rendered":"https:\/\/www.deeds.com\/articles\/?p=981"},"modified":"2024-04-25T23:20:29","modified_gmt":"2024-04-26T03:20:29","slug":"the-property-survey-do-you-need-one","status":"publish","type":"post","link":"https:\/\/www.deeds.com\/articles\/the-property-survey-do-you-need-one\/","title":{"rendered":"The Property Survey: Do You Need One?"},"content":{"rendered":"\n
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Will you have a survey done before your coming real estate\ndeal? Of course, a professional will be examining the title. But a title search\ndoes not include a survey. With a title search, the title company reviews the\nchain of title, up to the present ownership. It does not reveal specific\nphysical details of the property. <\/p>\n\n\n\n

Depending on the region of the country (and even the state)\nin which the home exists, the mortgage company might or might not require a\nsurvey. Nevertheless, either the seller or the buyer may want to hire a service\nto produce an up-to-date survey. Here, we make the case for having this done \u2014\nso you can decide for yourself.<\/p>\n\n\n\n\n\n\n\n

What Is a Property Survey?<\/h2>\n\n\n\n

A property survey is, as the term suggests, a diagram of boundaries,\nangles, and measurements. It shows where on Earth the real estate is. It\nprecisely sets forth the property\u2019s dimensions. It shows the key structures and\nfeatures of the real estate, and makes clear where the property owner\u2019s land stops,\nand the adjacent property owners\u2019 lands begin. <\/p>\n\n\n\n

A land survey also lays out the points of access to the\nproperty. Surveys can indicate changes by past owners \u2014 new structures, additions\nto the home, new pavement, new fences.<\/p>\n\n\n\n

Does a Seller Need a Property Survey? <\/h2>\n\n\n\n

A seller might wonder if shelling out a few hundred dollars\nfor a property survey is an unnecessary expenditure. Consider the home within a\nstone wall that runs around the entire property. Or perhaps the property is a\nunit of a condo community, so the surrounding land is held by the homeowners\u2019\nassociation. <\/p>\n\n\n\n

The owner of the walled home might benefit from a survey if,\nsay, the property is bigger than a public listing indicates. For the condo\nunit, the interior dimensions matter, and the buyer\u2019s appraisal states those. (If\nthe condo is bigger than the listing indicates, the appraisal may say, for\nexample: \u201cPublic records state the unit is 1,000 square feet, but based on\nphysical measurements it is 1,100 square feet.\u201d)<\/p>\n\n\n\n

For many detached homes, hiring a surveyor can help to\nensure a transparent and informative home sale. Proactively taking this step could\nspare the seller the agony of watching a deal fall though on account of\nsomething that could have been remedied in advance, if only the seller had\nknown.<\/p>\n\n\n\n

Could the property have some kind of invisible hazard? Examples\ninclude:<\/p>\n\n\n\n