Believe it or not, but I've been real busy recently, and haven't done much blogging. Now that doesn't mean that I don't spend time on a computer. It seems to me that a good portion of my day devoted to just that. I get to address a lot of different questions. Some of them simple, others need a little more research.
Anyway, I've decided that I will try to write about everyday occurrences of my real estate life.
I hate repeating something that was already talked about on this sight. Although, it's almost impossible. So I did search on activerain.com for definition of property survey and none of the articles on the first page had that info.
Today I was asked in the e-mail: "What is the survey for the house?"
So, here was my quick explanation to the seller of what property survey means:
"A current survey is something that lender requires for the loan process, it outlines the boundaries of the property, including fencing, position of the house, etc. There is usually a time frame for the age of that survey, so if it's too old it's no longer useful. Also, if there was a change done to the property like a new fence put in, it's no longer useful as well.
As a seller, you don't have to do anything for this part of the transaction. The Surveyor usually comes and sticks in orange flags in the ground of your front and back yard that show property line, so when you see a strange man going around your house sticking orange flags in the ground, please do not be alerted."
I hope that helps. Now, if anybody has a more concise explanation, please share.