Skip to main content

Use couple month old survey from previous contract?

Offer got accepted on a rural 20 acre piece of property. Seller had no survey and bank was willing to go off what was recorded in deed but I wanted a fresh survey. I knew the property had been previously listed and went under contract but fell through and property was relisted with a new realtor so he didn't give a reason why it fell through. Because the price was lowered I'm thinking it was appraisal. I did notice there was fresh survey tape on the corners of the property. So I asked and they said they never received the survey since previous buyer paid for it. Started calling around for estimates and timelines were pretty far out. Got a call back and one company told me they had just surveyed this property a couple months ago. Sounds like I found the company that did it for the last buyer. I asked em how much I would need to pay to get it and they told me all I gotta do is get the current owner to call and give them permission to release it to me and I can have it no charge.

Would you feel comfortable with this? We had a closing date pushed way out to accommodate longer appraisal and survey times but this could save me about 2 grand. Pennies compared to potential problems but if this is gonna be 100% safe id like to save the cash. This survey company seems pretty reputable based on reviews which is why I called em but I'm always worried about getting screwed and getting a garbage survey. Should this cover all my bases in the title policy as well with the survey this fresh?

submitted by /u/TXMike06
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/n1jrou/use_couple_month_old_survey_from_previous_contract/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more