
Do You Need a Survey When Buying a New Property?
Houston Real Estate Podcast with Dale Ross05/01/17 • -1 min
Do you need a survey when buying a property? I’ll go over the answer today.
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Recently, a client of mine asked, “Do I need a survey when I’m buying a property?”
Need is a strong word, but I highly recommend getting a survey. In today’s market, you’re actually able to obtain a past survey from a seller. The seller has to sign a T-47 affidavit, which states that nothing has changed or been added since the last survey. Unfortunately, sometimes a change or addition can slip the seller’s mind, like replacing a fence. In my opinion, it’s always best to get a new survey done with every new transaction.
A survey is not required unless you’re obtaining a mortgage to purchase a property. If you pay cash, a survey is not required, but the boundaries of the property are still mentioned in the title commitment. The survey must coincide with the boundaries mentioned in the title commitment,
05/01/17 • -1 min
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