We are fixing to close on a house, well we were told we had to get a survey, well we happen to track down the survey done in 2004. the house was built in 2003, what are the chances that we will have to get another one???? nothing has changed on the house from the first survey.
2006-10-31 07:56:26 · 11 answers · asked by ♥mommy of 4♥ 4 in Business & Finance ➔ Renting & Real Estate
In Texas, a mortgage and title company will accept an old survey as long as it is still an accurate representation of the property (boundry lines, physical structures and so forth).
A mortgage company will most often require a survey be done, but not always.
I can't speak to the process in other states.
2006-10-31 09:32:39 · answer #1 · answered by txrealestateagent 3 · 2⤊ 0⤋
You won't need to get a new survey if you found the old one. What are the chances that the property's line has been extended since the original owners had it. Just give the survey to the mortgage company who will turn it over to the lender. Good luck
2006-10-31 16:01:01 · answer #2 · answered by steve s 3 · 0⤊ 1⤋
The only reason you would need a survey is if the buyers put it as a condition on their offer or if something on the title is wrong. A survey isnot neccessary for a sale.
You need to find out WHY you have to have one in order ot kno wif the '04 one will work. It needs to be recorded with the county in order to be legitimate though.
2006-10-31 16:26:17 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I think most banks require a survey. If the seller cannot get a hold of the old one then you must obtain one.
2006-10-31 16:55:54 · answer #4 · answered by tianaramal 4 · 0⤊ 1⤋
It should be OK. You should see the early 20th Cent. surveys we work with up in New England. The Seller through their Agent should produce this document for you.
2006-10-31 15:59:08 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Contact the company that did the last survey and ask if they will recertify it? At a minimal charge of course.
2006-10-31 15:58:03 · answer #6 · answered by Alterfemego 7 · 1⤊ 1⤋
Who ever told you this is mistaken, they probably would suggest to you a friend who does surveys, if you have a valid survey . it will be enough legally.
2006-10-31 16:06:22 · answer #7 · answered by Anonymous · 0⤊ 1⤋
I have honestly never heard that you need to get a survey on your home. that is new to me. I highly doubt you will need to get another on this house you are closing on.
2006-10-31 16:00:19 · answer #8 · answered by Tinkerbelle 3 · 1⤊ 2⤋
I would speak to a lawyer and ask them what you should do. the first call does not cost anything.
2006-10-31 15:58:34 · answer #9 · answered by lover of Jehovah and Jesus 7 · 0⤊ 1⤋
Yuo sure sped with you agent firts
2006-10-31 16:02:02 · answer #10 · answered by colombianita 2 · 0⤊ 2⤋