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Vince, Home Seller in Brooklyn Heights, Br...

does the title company produce a property survey for the buyer at closing?

Asked by Vince, Brooklyn Heights, Brooklyn, NY Wed Apr 20, 2011

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6
Damion Flynn’s answer
Different states have different laws and different ways of doing things. That being said, most title companies will not order anything on behalf of a buyer or seller because of potential liability. If the title company ordered the survey on your behalf and something was wrong, they could potentially be held liable for that.

In our area, surveys are not a "customary" part of the transaction except for on vacant land that is not in a "lot & block" subdivision (rural, irregular shape, etc). That being said, some buyers do choose to have one and it is considered a negotiable part of the agreement to purchase.
Web Reference: http://mscoastrealty.com
1 vote Thank Flag Link Wed Apr 20, 2011
That is one of the most important aspects to consider. One should definitely check with their local and state laws pertaining land titles. When my wife and I moved we had no idea that the new state we moved to had different laws. So we learned from experience.

George Puzo | http://registriesplus.ca/services/land-titles/
Flag Fri Apr 4, 2014
In my experience the buyer has to have a survey done. if the current owner has a survey that is, I think, less than 10 years old you may be able to have it 're-certified' rather than start from scratch, however, at a significant savings.
1 vote Thank Flag Link Wed Apr 20, 2011
Typically surveys are not required for lenders in our market. If the seller has a survey available it would be listed in the sellers disclosure that is available. Your buyers agent can make the purchase contingent on the buyer receiving a copy of the survey if seller states one is available. If buyer feels one is necessary they can also request the seller provide one. They would have to have this contingency written in the contract as well before signed by buyer and seller.
0 votes Thank Flag Link Mon Nov 4, 2013
When we purchased our property a survey was a requirement of our lender. We paid the costs- not the seller.
0 votes Thank Flag Link Mon Oct 28, 2013
If a survey is done, it would be at the request of your lender. Many lenders today are not requesting a survey as part of your financing - it saves you about $300-$350 in closing costs. But, it might be in your best interest to have one done regardless of whether or not it is required. The title company will order it and you pay for the survey at closing. Sometimes, you can obtain a survey from the previous owner and unless they did something to the exterior i.e. built a shed, put up a fence, etc. that survey may surfice for the purposes of showing you your lot boundaries.
0 votes Thank Flag Link Wed Apr 20, 2011
A survey is separate, therefore if needed to consider hiring a surveyor--also consult with your attorney...
0 votes Thank Flag Link Wed Apr 20, 2011
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