10 Things Houston First Time Home Buyers Should Know About Property Survey
Design by Diana Walton- Houston First Time Home Buyer Specialist
Hello and welcome to Houston First Time Home Buyers Edition, formally First Home Houston (FHH). Your property survey is a legal document used to identifies where your property line begins and where it ends. Additionally, your survey can have other information that include but not limited to utilities, past property improvements and topography. A survey will be a part of the paperwork you will receive at the closing. Here are 10 things to know about this very important document.
Property surveys are performed for a number of reasons.
It identify and confirm already-established land boundaries.
You may need your survey when making certain home renovations, or installing a fence.
Buying a home in Texas require a survey.
Lenders and title companies will require a copy of a survey before closing on a home.
A previous survey can be used as long as no changes were made to the property.
A survey makes it clear where your property line begins and end.
The lender will order the survey.
The cost of the survey will be a part of the home buyer’s closing cost.
There are 6 different types of survey.
The lender will order a mortgage survey because it show the property boundaries for the entire property to be mortgaged.
Once you close on your new home, please make sure to keep multiple copies of your survey in a save place. Also, if for any reason you need to order a new property survey, make sure you are very specific about why you need it so you get the right one.
As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
