What Does A Land Survey Show?

How long does a land survey last?

5 to 10 yearsLand surveys usually last 5 to 10 years after they are completed, so if the previous survey was done a long time ago, it’s probably a good idea to get a new one done even if you locate the official document..

Who pays for a land survey?

The home buyer pays for a land survey, if they request one. Considered due diligence (much like a home inspection), a land survey lets the buyer know the details of the exact property they’re purchasing, including property boundaries, fencing, easements and encroachments.

Do you pay closing costs on land?

The closing costs for a land sale can often be an unexpected surprise for land buyers. Especially because these closing costs account for 2 to 5 percent of the purchase price! However, buyers are not the only party that must pay fees at closing. Sellers also have fees that they must pay during land sales.

What does a land survey include?

A land survey is performed for the purpose of locating, describing, monumenting and mapping the boundaries and corners of a parcel of land. It may also include mapping of the topography of the parcel, and the location of buildings or other improvements upon the parcel.

How do I find my property lines without a survey?

Find your property line by visiting your local county recorder or assessor’s office. You can access public maps of your street and locate your boundaries. Many counties also let you access property lines online. If your property is on platted land, you may be able to access the plat maps online.

Is a survey needed for closing?

Is a Land Survey Required? An up-to-date land survey is usually required by mortgage lenders to confirm the boundaries and contents of the land they’re financing and to ensure it’s worth the funds they’re lending you. In general, your lender will expect you to pay for the surveyor’s fee as part of your closing costs.

It is generally prepared to a standard that would allow other land surveyors to verify the findings. The plan is a legal document that is insured and prepared in compliance with the requirements of the state Board of Licensure. … The surveyor needs to mark the property corners and lines clearly for the property owners.

Can a land survey be wrong?

Any land survey is only as good as the information from which the conclusions are drawn. Surveyors put their professional reputation and license on the line every time they determine a boundary location. … They have no reason to deliberately locate a boundary line incorrectly.

What is the main purpose of a land survey?

Land surveys are crucial to the process of responsible land development. They are commonly used to determine the boundaries and features of properties, to determine easements and encroachments, to develop or build on land, and to satisfy local building codes and regulations.

Is a survey necessary when buying land?

Commonly, lenders require an ALTA survey before issuing a mortgage for vacant land. Additionally, title companies sometimes require an ALTA survey before committing to issuing title insurance for vacant land. If an ALTA survey is not required by your title company or lender, however, you can choose not to get one.

What are surveyors looking for?

A property survey is a detailed inspection of a property’s condition. The surveyor inspects the property and tells you if there are structural problems like unstable walls or subsidence. They will highlight any major repairs or alterations needed, such as fixing the roof or chimney chute.

What is the difference between a land survey and a boundary survey?

The type of survey that we order for closing is called a “Location Survey.” A Location Survey shows the location of the improvements on the property in relation to the apparent boundary lines of the property. … A “Boundary Survey” is used to identify a property’s boundary lines.

How a land survey is done?

The ubiquitous tool for a survey is called a theodolite, and it’s one job is to measure the horizontal and vertical angles between points. Combine those angles with distances from a chain or tape measure, and you can triangulate the location of any point using trigonometry.

Why would you survey a property?

A survey can reveal the exact property dimensions, size and location of the home on the property, as well as any other improvements on the land, such as a driveway that may be crossing a property line. Some property owners plan on dividing their property to give to a family member or sell for profit.

Can you sell land without a survey?

Selling Requirements If you don’t have a current survey, in theory you don’t need one to sell your property. In practice, unless your buyer has cash in hand for the full purchase price and doesn’t need financing to complete the purchase, the odds are high his bank or lender will require a survey.

Who pays for the land survey buyer or seller?

During a sale, the person who wants the survey is the person who pays for it. There’s no hard and fast rule designating who pays for the property survey in a home sale—it often comes down to who wants one. If the buyer wants it, the buyer pays. If the seller wants it, the seller pays.