13 Mar What is a Survey and Are They Required to Buy Property?
A lot of people that are buying a property ask if they have to get a survey.
Generally a survey is what will give you A.) a picture of the lot itself and B.) the surveyor will put stakes in the ground on the corners of the lot so you know exactly where your property ends.
Do you have to get a survey?
Honestly, no you don’t necessarily have to get a survey, but in order for a title company to give you survey coverage you would obviously have to get an actual boundary survey.
If three years from now the next door neighbor says your driveway is on their property, if you got an actual boundary survey you can go back to your title company and the title company should have insurance for you to cover the cost of moving the driveway. If you didn’t get an actual boundary survey then you obviously won’t be able to get survey coverage.
People often refer to a Surveyors Real Property Report (SRPR) as an actual boundary survey but you don’t get the stakes in ground, you only get the drawing, it shouldn’t be used to build fences, it is based on existing but not confirmed evidence, it is cheaper than an actual boundary survey, and it technically won’t hold up as a survey if you if you have to go to court or if you have to get survey coverage from the title company.
We do encourage people to get surveys.
It’s always nice to know if the neighbor of the house you’re buying has their fence on your property. As REALTORS®, we like to know who has the power and we really want to make sure that our clients don’t get themselves in a situation where someone can later force them to do something. We really want to make sure that you stay in control.
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