ALTA Surveys: The Key to Informed Real Estate Transactions
If you're a property owner or investor, you may have encountered the term "ALTA survey" at some point. But what exactly is an ALTA survey and why is it so important? Let's dive in to answer those questions and more so that you can better understand the role of an ALTA land survey in your real estate transactions.
The Ins and Outs of ALTA Surveys
First things first, let's define what an ALTA survey is. ALTA stands for "American Land Title Association," a national organization representing the interests of the title insurance industry. An ALTA survey is a land survey that adheres to the standards set forth by the ALTA.
The Formula for Conducting an Accurate ALTA Land Survey
The formula for an ALTA survey includes a detailed examination of the property in question and a review of public records related to the property. That has not only the physical features of the land (such as boundaries, improvements and easements) but also any legal matters that may impact the property's ownership or use (such as zoning regulations or pending litigation).
The surveyor conducting an ALTA land survey must follow a strict set of guidelines and standards set forth by the ALTA. These standards cover everything from the accuracy of the survey measurements to the format and content of the final survey report.
Why You Need an ALTA Survey: Top Uses
So, now that we know what an ALTA survey is and how you can conduct it, let's talk about why it matters. Here are just a few of how an ALTA land survey can be helpful:
Identifying Property Boundaries - An ALTA land survey can establish or confirm the boundaries of a property. That can be particularly important if there are any disputes or discrepancies regarding property lines.
Revealing Potential Issues - By reviewing public records and other information related to the property, an ALTA survey can uncover potential issues that may impact the property's value or use. That could include encroachments, easements or zoning restrictions.
Ensuring Compliance with Local Regulations - ALTA surveys can also help ensure that a property follows local regulations, such as setback requirements or zoning laws. That can be important for property owners planning to make improvements or changes to the property.
Supporting Real Estate Transactions - An ALTA land survey is often crucial to real estate transactions. It provides detailed information about the property that can help buyers and sellers make informed decisions.
Unlock the Power of ALTA Surveys Today: Contact Us for Your Property's Next Steps
If you need an ALTA survey for your property, Carroll Surveying & Mapping is here to help. Our experienced surveyors have the knowledge and expertise to conduct a thorough and accurate study of your property, adhering to all of the standards set forth by the ALTA.
Whether you're a property owner looking to establish clear boundaries or a real estate professional seeking to support a transaction, an ALTA survey can be invaluable. With Carroll Surveying & Mapping, you can be confident that your survey will be conducted with the utmost care and attention to detail, ensuring you have the information you need to make informed decisions about your property.