Margaret Rome's Blog

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Do You I Need A Survey

 

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.

get a survey 

Suggestion: Please get a survey if you are buying a property!

 

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Comment balloon 12 commentsMargaret Rome, Baltimore Maryland • March 29 2019 03:24AM

Comments

Good morning Margaret - my survey has come in handy as a homeowner too including telling the town that they are responsible for taking down a tree because it is on their property.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 7 months ago

Good morning Margaret. A survey now can save big bucks tomorrow. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 7 months ago

In our area title insurance covers that Margaret Rome, Baltimore Maryland  all states are different it is not necessary to get a survey -  there are of course some situations where it is but you can sometimes track down the surveyor

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) 7 months ago

I have vivid memory of one transaction, where a survey was not performed prior to the end of a sale.  It was on an acre parcel in a rolling area of the Greater Sacramento community of Fair Oaks.  There was a stream that ran at the back of the plot.  The boundary line was represented to us as the middle of the stream, which isn't uncommon for boundaries for more rural properties here.  However, once escrow closed, my client, who was also my doctor at the time, called in a surveyor.  Guess what?  The back boundary actually was about seven feet on the other side of the stream, and was a straighter line.  The back neighbor had a beautiful gazebo built at the streams edge - my client's land.  She moved it. In addition, one of the side boundaries also gifted him with an additional 6 feet, which reached into the neighbor's small vegetable garden.  Fortunately, it all turned out to my client's benefit; but I often consider that the opposite could have been true. . .That wouldn't have been a good thing!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 7 months ago

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 7 months ago

Grant Schneider Now there's a good way to make use of that survey.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

Wayne Martin So true. Have a great weekend.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

Hannah Williams I think you need a survey in order to get title insurance.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

Good story Myrl Jeffcoat I also sold to a young couple and when they did the survey, the buyer got a much larger piece of land. A great plus for the buyer without additional cost.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

Thanks for the feature Myrl Jeffcoat Your comment would make a good stand alone blog.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

Margaret- so true!!! I've heard of too many stories where a survey was not chosen and the owners found out when it was too late that it was something they should not have skimped on. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 7 months ago

Kathy Streib Always so good to see you!. Wrong thing to skimp on!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 7 months ago

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