The Primary Reasons for Saying Yes to Real Estate Surveys
Almost every phase of a real estate transaction involves the use of surveys. Moreover, the contract for a real estate sale gives buyers a limited period for obtaining an overview. Doesn't that sound complex? We know you require professional support. Therefore, real estate survey companies like Carroll Surveying and Mapping arrive for simplification.
With the help of a survey map, you can determine the lot's shape, size, and improvements. It must depict all the easements, setbacks, and other stuff that a surveyor observes. These survey maps usually include the lawful description of the surveyed property with buyer certification. Let us explore their necessity in this post.
The Essentials of a Title Insurance Policy
This policy consists of "Survey Coverage" undergoing the modification or deletion of the standard survey exceptions. These include:
A precise survey discloses overlaps, encroachments, boundary disputes, and other complexities.
The claims and rights of the parties in possession that the public records do not show.
Easements or easement claims that are not visible under the public records.
A closing agent cannot remove the standard exceptions without thoroughly reviewing the survey map. Therefore, you need a real estate survey company for quality service. These agents must raise certain exceptions to the individual survey errors. Putting every transactional party on notice of such imperfections within the allotted time is crucial.
The closing agent is responsible for giving the surveyor a title commitment copy. These professionals can recognize such issues as work restriction setbacks and easements. The surveyor won't be responsible for seeking public records to determine such matters. One can also utilize the prior survey maps for the present real estate transaction. The sellers need to provide an affidavit to closing agents for the following confirmations:
They reviewed the survey map copy thoroughly.
They own the property.
No additional improvements or modifications took place since the survey map date.
No fence erection occurred on the adjacent properties since the map day.
The buyer requires the real estate survey map for the sake of protection. In addition, the closing agent must pay utmost attention while reviewing the map.
The Professional Surveying Company is Here for You
If your search for a real estate survey company is in "continuation" mode, let us end the inconvenience. At Carroll Surveying and Mapping, efficiency and quality become your new experience. Irrespective of the project complexity, we handle every step with care and precision. No more surveying hassle now!