Surveyors often complete mortgage land surveys during the home-buying process, but not all homebuyers are aware of this step. Here are some of the situations where you may want to consider getting a mortgage land survey in Brownsville.
The Lender Requires a Survey
Some lenders require a land survey before approving a home loan. Lenders want to protect their investment by ensuring that the property boundaries, improvements, and value are accurately accounted for.
Survey for Title Insurance
A mortgage land survey in Brownsville may be necessary when obtaining title insurance. Title insurance protects the homebuyer and lender from ownership disputes that may arise. With an accurate land survey, you can provide the title insurance company with a detailed assessment of the property’s title.
Property Boundary Verification
Land survey companies, such as Southpoint Surveying Company, frequently provide homebuyers with boundary surveys. A mortgage land survey may be used to determine the boundaries of the property and identify any encroachments or discrepancies that may impact the value of the property.
Avoid Potential Property Issues
Taking the time to complete a mortgage land survey in Brownsville can help you avoid potential property issues. Besides encroachments, a survey may uncover zoning violations or unpermitted structures that require removal. Uncovering these details before purchasing the property can save you from major hassles later.
Along with the situations discussed, you may choose to arrange a mortgage land survey in Brownsville to gain peace of mind. A land survey can help verify the boundaries and other details of your property before you finalize its purchase.
