When prospective buyers in Florida are looking to purchase a home, it’s safe to say the last thing they want is a surprise. Purchasing real estate only to discover problems with the property later can cost buyers thousands of dollars. A great way to avoid this scenario is to get a property survey. With a property survey, buyers can know exactly what they are getting with the land they are purchasing.
What is a property survey?
Also known as a land or house survey, a property survey is basically a way to confirm the boundaries of a property and also determine restrictions. There are several different types of property surveys such as mortgage surveys, land surveys, as-built surveys, documentation surveys and floodplain surveys. Before surveying a property, the surveyor typically researches the deed to find out the history to ensure there are no discrepancies with the boundaries.
Is a property survey required?
There are no laws that require buyers to get a property survey. However, property surveys can benefit nearly every purchase. For example, a buyer may want to know for certain the boundaries to prevent someone else from claiming part of the land. A property survey is the only way to be certain of a property’s boundaries. Property surveys will highlight areas of concern, so it makes sense to get one even if the home is new.
Purchasing a home or property is a significant financial investment and is not a process that is easily undone. Prior to purchasing, those in Florida may want to consider speaking with an experienced legal professional who can review the deal. A knowledgeable real estate attorney can confirm there are no hidden surprises and ensure that interests are protected.