Thursday, May 13, 2021 / by Mitch Stein
Do You Need a Survey When Buying a Home
When you apply for a mortgage, your lender will more than likely require that you do a survey of the property. A survey shows the boundaries of the property, and whether there are any encroachments such as buildings, sheds, fences, or easements.
The survey is important because it shows the different improvements that have been made to the property, like a new garage or an addition to the house. Any deviations in the size of the lot, the structure, or boundary lines are specified in the survey.
The survey protects you from potential lawsuits that could occur over boundary disputes. Even if your lender does not require a survey, it is in your best interest to get one before you close the transaction to help protect your investment.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070.
Mitchell Stein License# 0208163
The survey is important because it shows the different improvements that have been made to the property, like a new garage or an addition to the house. Any deviations in the size of the lot, the structure, or boundary lines are specified in the survey.
The survey protects you from potential lawsuits that could occur over boundary disputes. Even if your lender does not require a survey, it is in your best interest to get one before you close the transaction to help protect your investment.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070.
Mitchell Stein License# 0208163