There are key reasons to needing a property survey. Before every real estate transaction, it is likely you will need a property survey. Depending on a few factors, the different surveys may be required. But nevertheless, either the seller or the buyer may want to hire a professional in order to produce an up-to-date survey of the property. Let's look at some key questions regarding the need for a property survey.
At its most basic elements, a property survey is a diagram of boundaries, angles, and measurements. In the end, it shows where the real estate lines are exactly and sets forth the property's legal dimensions. And it shows the key structures and features of the real estate, which makes clear where the property owner's land stops and where the adjacent property owners' lands begin. A land survey also lays out the points of access to the property. The end result of a property survey can indicate any changes by past owners, such as new structures, additions to the home, and new fence or pavement.
This survey is completed by a surveyor going to the site with the current home deed. This paperwork includes the current legal description and the home's historical records and maps. This prior information enables the surveyor to identify dimensions and borderlines of the property. At the same time, the new survey being conducted will check the accuracy of the current legal description. During the survey, the surveyors will also inspect the boundary descriptions of the adjacent properties in order to see if the various owners documents match.
The core of this survey entails mapping the property lines and reviewing the metes and bounds in the prior surveyor's field notes or by using a public survey, if available. Landmarks can chance, so the surveyor will actually measure the land and note where common landmarks are currently. Landmarks include utilities, setbacks, and easements. In order to get the real estate transfer documents ready, a title company reviews the survey and ensures that there are no discrepancies between what the surveyor gets and the existing recorded documents.
Someone selling a piece of property will consider needing a property survey. And in all likelihood benefits from the survey, as it can help to close any real estate deal and shore up questions about the property. A survey can provide very useful information, like if the property is actually larger than initially understood. Driving up the price of the land. A property survey can also be a proactive measure against issues that may rise up and stop the sale of the home. Knowing an issue in advance means there is time to address the problem and still sell the home or property.
A property survey can find invisible hazards on the property, such as sinkhole, and determine if the home or land is a flood risk. It helps the seller to know this information and what potential damage should be mitigated that can impact the sale of the home. As well as be required to disclose prior to the sale. And if the seller does not hire land surveyors for a property survey, then the buyer might and still discover those issues leading to a drive down in price.
Long story short, it is wise for the seller to invest in hiring a land surveyor to conduct a property survey.
If you are the one looking to buy a home or piece of property, it is smart to hire a land surveyor so you get an understanding of where the land is and how much of it you are getting. This survey will reveal geographic evidence of claims pertaining to right to use and where to place equipment and vehicles. A survey can also shine a light on easements that may not have been obvious when touring the property with an agent. With a survey, you get an exact knowledge of the property lines, such as fences, shrubs, trees, and pathways. You will also know where the underground utilities are, where you can dig, and where you can place your own shrubs, trees, and walkways. All information that helps with the buying process. At the end of the survey, you will know if the asking price is correct or if it needs to be modified. And avoid finding any setbacks after purchasing a home discovering problems you can have known about before making the purchase if only you invested in having a property survey.
Arek Surveying has years of experience providing reliable surveys for clients across the greater NYC area, which includes the surrounding boroughs and parts of New Jersey. When it comes to surveying, it is important to trust the best. Oftentimes a lot of money is on the line, so accurate results are crucial for both the buyer and seller. For more information about our surveying services, please fill out a contact form to. See how our surveying services can help you!
When you turn to Arek Surveying, we can work with you to determine exactly what each type of survey we offer will offer to you. No two surveys are the same with each depending on the circumstances at hand.
