Buying a house can be a very complicated process. Out of the many factors that come into play, surveys are one of the most important and should not be overlooked. This helps buyers know exactly what they are closing on. Orlando title insurance company, Real Estate Closing Solutions, would like to share the key facts about surveys and how they can benefit you.

  • Property Lines: Surveys measure detailed property lines and memorialize these measurements on a plat. The result is something similar to a map, where boundary lines, encroachments, easements, rights-of-way, and other related elements are shown.
  • Survey Completion: A survey should be finalized before new construction starts or right after the offer is signed. If the house is new construction, buyers should avoid relying on the contractor for lot lines and zoning restrictions. This can only be done through a survey that is handled by a licensed surveyor.
  • Public Records: The surveyor will examine the property through public records and then will go to the location to measure the lot lines and the buildings there. They will compare the recorded measurements to the public records and draw the plat. This is an important step as the survey reveals any discrepancies on the property before the closing rather than the buyer later discovering them after they’ve already become the owner.
  • As you can see, surveys play a major role when it comes to buying new homes. Understanding how they work and who can correctly carry them out is critical. Surveys may seem like the initial cost is not worth it, but they greatly help in the long run as it gives buyers precise information on what they’re closing on. Real Estate Closing Solutions is a professional Orlando title insurance company here to assist you on surveys and other parts of real estate transactions. For more information, call us at 407-615-8550 for our Dr. Phillips location, or 407-440-5025 for our N. Orange Avenue location.