QA

Question: Do Lenders Require A Location Drawing

Lending institutions may require a survey – typically a house location drawing – prior to funding a mortgage. A house location drawing is adequate for most situations; however, a boundary survey will give you more precisely define the property’s boundary lines.

Do I need a location survey?

Sellers who want to make their properties more attractive to buyers should have a house location survey done before they put their property up for sale. This gives potential buyers confidence that property boundaries are clear before they commit to buying.

What is the difference between a location drawing and boundary survey?

A location drawing is the most basic form of a land survey. The surveyor comes out and will produce a drawing that shows your property lines and illustrates the structures on our property. A boundary line survey is more accurate. They come out and they actually measure the metes and bounds.

What does a location drawing show?

They may be referred to as ‘location drawings’ as they show the location of various components and assemblies within the overall design, but this can be confused with location drawings indicating the geographical location of the building.

How much does a location drawing cost?

Most buyers choose to purchase a location drawing. These typically cost $195-250 and provide a basic drawing of the property. The main purpose is to point out encroachments and easements that may not have been obvious from a visible inspection of the property.

What is the purpose of a location survey?

The type of survey that we order for closing is called a “Location Survey.” A Location Survey shows the location of the improvements on the property in relation to the apparent boundary lines of the property. It generally involves a physical inspection of the property and is accurate to plus or minus a few feet.

Can I use a location drawing to build a fence?

The drawing will provide measurement details pertaining to the location of those items as well. Can be used for building fences and other improvements, which means you can use the Boundary Survey drawings to get your permits for performing work on your property.

What is a boundary drawing?

Simply put, it shows you where your property begins and ends. When a boundary survey is completed by a professional land surveyor, a drawing is generated to show the results. Here are some of the most common elements shown on the drawing: Lot dimensions.

Are surveys required in MD?

The main difference between a boundary survey and a location drawing is markings. When determining the property lines, the field crew will also find the corners of the property. This is measured as precisely as possible.

What happens when two surveyors disagree?

In the event of resistance or refusal of either, or both, surveyors to correct the inconsistency in a mutually agreed upon solution, then and in that event he/she will demand they notify their errors and omissions carrier of a potential claim based upon the problem with demand for acknowledgment of receipt of notice of.

What is a site location plan?

The location plan (which is sometimes called a site location plan) lets everyone know exactly where you’re proposing to carry out your development. It will show quite a large area around the development site. In town, a location plan might be at a scale of 1:1,250.

What drawings are required for a planning application?

The plans, questionnaire and ownership certificate will be required, three types of plan drawings are required: The location plan. The Block Plan (sometimes referred to a the site plan) The floor plans and elevation.

What’s a location plan?

A location plan shows the proposed development in relation to its surrounding properties. It must be based on an up-to-date map and at an identified standard metric scale (typically 1:1250 or 1:2500).

Why are land surveys so expensive?

Size of the property being surveyed – the larger the property the more time it will take. Amount of foliage/tree coverage on the property – the heavier the coverage, the longer it will take as crews may have to “cut through the woods” to get to the back of the property.

Should you get a survey done when buying a house?

Most mortgage companies require a property survey to make sure the property is worth the amount of money they’re providing in the loan. However, the property survey is not always legally required. After surveying, they will provide a type of map detailing the property’s legal boundaries.

Why would someone Survey my property without my permission?

As it turns out, that surveyor either has a clear legal right to your property or is trespassing. If the surveyor is trespassing, they are just like any other intruder. In your own state, that’s most likely how surveyors will gain access to your property: only after a special interest group pushes the matter into law.

What is a map survey?

A Plat or Survey Map is the result of the ALTA/NSPS Land Title Survey – also commonly referred to as a Property Map. The Plat Map is typically filed along with the deed to the property or other public records regarding the property in the county recorder’s office.

What is a surveyor location report?

What is a Surveyor Location Report? A Surveyor Location Report (SLR), sometimes referred to as a mortgage or loan survey, briefly describes and shows the location of existing monuments, buildings, fences and other improvements on the property or possible encroaching improvements on adjoining properties.

What is a survey sketch?

A land survey is a drawing that shows exactly where the boundaries of a property are. A survey will also lay out the dimensions and location of any buildings or other site improvements on the property.