Why Get a Professional Land Survey When You Buy Property?

A professional land survey is crucial in ensuring a smooth and secure real estate closing by providing accurate and detailed information about the property boundaries, features, and potential issues. All buyers should demand an up-to-date boundary survey before signing any residential mortgage closing papers.

Here’s how it helps:

1. Verifies Property Boundaries:

• Confirm the property size and shape match the legal description in the deed and the purchase agreement.
• Identifies discrepancies or encroachments where a neighbor’s structure or feature extends onto your property or vice versa.
• Prevents future boundary disputes by clearly defining the property lines.

2. Reveals Potential Issues:

• Uncovers easements or rights-of-way granted to utilities or other parties, which can restrict your land use.
• Identifies zoning restrictions that might impact future development plans.
• Detects floodplain designations that could affect insurance costs or building permissions.

3. Improves Confidence and Security:

• It gives buyers and sellers confidence about the exact property in the transaction.
• It helps avoid potential legal issues and complications down the line.
• Provides valuable documentation for property management and future improvements.

4. Fulfills Lender Requirements:

• Many lenders require a recent survey for properties financed with a mortgage.
• The survey helps the lender assess the property’s value and potential risks.
• A complete and accurate survey can expedite the loan approval process.

5. Informs Future Planning:

• Provides a detailed map of the property for future reference and planning purposes.
• It helps homeowners understand the location of utilities, easements, and other features for landscaping, construction, or renovation projects.

Important Notes:

• Not all real estate transactions require a professional land survey.
• Consult with your realtor, lender, and attorney to determine whether a survey is necessary for your case.
• Different types of surveys exist, each suited for distinct purposes. Choose the appropriate survey based on your needs and the complexity of the property.

By providing accurate and valuable information, a professional land survey contributes significantly to a smooth and informed real estate closing for both buyers and sellers.

Survey Land Solutions provides professional services for all your real estate transactions in Florida. Contact Survey Land Solutions at (352) 816-4084 or via our contact form.