As a Real Estate Professional working with a buyer... I want to know or know about the lender and title company. When a buyer, especially a first time home buyer, signs a contract, I want to make sure they understand what they are signing. I ask them to read the offer and make a list of questions before signing whether electronically or in person. They are given time to have their questions and concerns addressed.
Then I skim that list of questions and either answer them up front or wait till we get to that part in the contract. In our 40-50 page contract, almost all questions are addressed.
Make the buyer feel good about questions/concerns and it is easy to show their question was important enough to address in one of the sections.
Knowing your state and the county contract is a must!
Here was the latest question.
Do we need a survey? How much does it cost? Can I waive it?
It’s not a lender requirement.
BUT I would never suggest waiving it to ‘save’ a few hundred dollars... and if you did waive it, I would like you to acknowledge that it was offered and declined. Why?
The house may have a pool, fencing, nice neighbors, close driveways, storage shed, garage, carports, landscaping and it all needs to be within the boundary of the property you are buying. You want to see this survey and sign off on it prior to closing. When you find that you are encroaching on a neighbor or vice versa...you want to know that BEFORE you are the owner.
Suggestion: Please get a survey if you are buying a property!
Questions about buying or selling a home
Call Margaret Rome