Surveys in Real Estate Transactions

A survey is a detailed examination and measurement of a property's boundaries and physical features. It is important in real estate transactions because it provides clarity on property lines, identifies potential issues, and ensures buyers have a clear understanding of the land they are purchasing.

While not always required, it is highly recommended to obtain a survey when purchasing a property in California. It helps protect your interests, provides valuable information about the property, and mitigates potential risks.

Surveys are conducted by licensed surveyors who possess the necessary expertise in land surveying. You can find qualified surveyors through referrals from your real estate agent, attorney, or by contacting professional surveying organizations in your area.

A survey report provides detailed information about the property, including boundary lines, easements, encroachments, and other relevant details. It may also include a visual representation of the property boundaries, called a survey map.

Yes, a survey can identify property boundary disputes or discrepancies that may exist. It helps ensure that you have accurate information about the boundaries of the property you are purchasing and can address any potential issues before completing the transaction.

Lenders often require surveys to ensure that the property serves as sufficient collateral for the loan. A survey helps identify any encroachments or other factors that could affect the property's value and the lender's security interest.

Yes, surveys can uncover zoning or building code violations that may exist on the property. This information is essential for buyers to understand any potential legal restrictions or non-compliance issues that may impact their intended use of the property.

The cost of a survey can vary depending on various factors such as the size and complexity of the property, location, and specific requirements. It is best to obtain quotes from multiple surveyors to get an estimate of the cost.

Using an existing survey conducted by the seller may be possible, but it is recommended to have an independent survey conducted to ensure accuracy and verify the current condition of the property's boundaries and features.

Surveys are conducted based on professional standards and guidelines, but they can still be subject to challenges or disputes. If you have concerns or questions about the survey results, it is advisable to consult with an experienced real estate attorney who can guide you through the process and address any legal implications.