BEFORE I SELL MY VACANT LAND SHOULD I HAVE A SURVEY DONE?
The answer is YES. Already having a survey of your property when you market it will speed up the selling process in more ways than one.
1st, buyers looking at your property will be able to determine where it begins and ends. This is important if your property is to be built on so set backs can be gauged as to whether or not the buyer can put what they want on the property.
2nd, you want to made aware of the possibilities of potential legal problems, such as encroachments and easement that are on the property.
3rd, you need to make sure of what you are selling.
A friend of mine bought a piece of property a few years ago and there was no survey. The owner was not willing to pay for one so he sold the property to my friend for less than the original agreed upon price. After the closing my friend hired a surveyor and gave him a copy of the deed to go out to the property and do a survey. When the surveyor was done he came back to the new owner and told him that in reality he had purchase 2 pieces of property not 1. There was another lot in the deed that was across the street from the one he thought he was buying. The other lot turned out to be buildable and he was very excited about getting 2 pieces for the price of 1. He went to his attorney and was told that it was all legal. Just because the owner did not know what he was selling did not mean that my fiend would have to return the 2nd piece. So beware of what you are selling and make sure you have an accurate survey.
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