Title Surveys
A title survey is a type of land survey conducted to provide information about a property's boundaries, easements, and other matters relevant to its legal title. The primary purpose of a title survey is to help ensure that the buyer, lender and title insurer have a clear understanding of the property's boundary and title and any potential issues or risks associated with it.
Key components of a title survey may include:
Boundary determination: The surveyor locates and marks the property corners based on a title report and research of land records.
Easements: The surveyor identifies and maps any easements or rights-of-way that grant access or usage rights to third parties, such as utility companies or neighboring properties. This helps ensure that the buyer is aware of any encumbrances affecting the property's use.
Title surveys are typically conducted as part of the due diligence process in real estate transactions, especially for commercial properties or undeveloped land. Lenders often require title surveys to assess the property's suitability as collateral for a mortgage loan and to identify any potential risks that may affect the property's value or marketability.
Overall, a title survey helps buyers and lenders make informed decisions about a property's purchase or financing, reducing the risk of legal disputes or financial losses related to title issues.
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