When you are purchasing a home, or investment property, or just land itself, it is recommended and essential that you get a survey done. A survey is a measured drawing of a tract of land showing the boundaries of the property and the physical location of all significant improvements and easements affecting the land. (Statewide Title). If someone chooses not to get a survey, they are taking a risk because they might not be buying exactly what they thought they were.
In North Carolina, the buyer typically pays for a survey to be done. However, that is something the buyer and seller can split and every so often the seller will pay for. Sometimes there is a misconception between title searches and surveys. Title searching is different than surveys. Title searching is when someone examines public records on the property to confirm the property’s rightful legal owner. Whereas a survey, shows the physical boundaries of the property.
While you can buy a house, get a mortgage, and obtain title insurance in North Carolina without getting a survey, it is still a risk not to get one. The best time to get a survey is after you have made an offer on a property you want to buy and it gets accepted. If you are ever in need of a survey, please reach out to our law firm because we’ll be happy to give you recommendations.
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