Title surveys are an important tool for anyone who is buying, selling, or refinancing real estate. These surveys provide a detailed record of the ownership history of a property and can help to identify any potential issues or encumbrances that may affect the value or use of the property. We'll take a closer look at title surveys and how they can benefit you as a buyer, seller, or lender.
What is a title survey?
A title survey is a detailed examination of the public records related to a particular piece of property. The survey includes a search of the property's chain of ownership, as well as any recorded mortgages, liens, easements, or other encumbrances that may affect the property. The survey also includes a detailed description of the property, including its boundaries, size, and any improvements or structures that are located on the property.
Why is a title survey important?
There are several reasons why a title survey is important for anyone who is buying, selling, or refinancing real estate. First and foremost, a title survey can help to identify any potential issues or encumbrances that may affect the value or use of the property. For example, if the property is subject to a lien or an easement, this could potentially limit the owner's ability to use the property or make improvements to it. A title survey can also help to identify any discrepancies or inconsistencies in the chain of ownership, which could potentially impact the ownership of the
property.
Additionally, a title survey can provide peace of mind to buyers, sellers, and lenders by ensuring that there are no hidden issues or potential problems with the property. This can help to protect against any legal or financial disputes that may arise in the future.
How to get a title survey
To get a title survey, you will need to hire a professional land surveying company. The surveyor will review the public records related to the property and prepare a detailed report that includes all of the information listed above. The surveyor will also physically visit the property to verify its boundaries and any structures or improvements that are located on the property.
In order to get a title survey, you will typically need to provide the land surveying company with the following information:
The legal description of the property
The address of the property
Any relevant documentation, such as a sales contract or mortgage documents
Once you have provided this information, the land surveying company will be able to give you a quote for the cost of the survey. The cost of a title survey will vary depending on the size and complexity of the property, as well as the location and availability of public records.
Conclusion
A title survey is an important tool for anyone who is buying, selling, or refinancing real estate. These surveys provide a detailed record of the ownership history of a property and can help to identify any potential issues or encumbrances that may affect the value or use of the property. By hiring a professional land surveying company, you can ensure that you have a thorough and accurate title survey that will provide peace of mind and protect your interests.
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