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A property survey presents the boundaries regarding the property, alongside with any buildings, such as outbuildings, barns or garages. Generally, lenders require some new survey whenever a borrower purchases possession to protect the buyer and seller in the occasion regarding a upcoming real estate dispute. However, there are ways to purchase land free of having some survey done first. As extended because the lender is in agreement, never getting a survey is completely legal. Furthermore, purchasing the land free of the make use of regarding any mortgage company is one option.
Difficulty: Moderately Effortless
Instructions
Things You'll Need
Tax map Deed
Recommend Edits
1 Shell out cash with the property. If you do never obtain bank financing or a mortgage for the land, you control the purchase regarding the property. Therefore, no land survey is needed.
2 Make use of some tax map to obtain the landlines. Go to the tax assessor's workplace in the county where the property is located. Request a copy about the tax map displaying the real estate (see Reference 2).
3 Review the tax map and locate the lot plus block numbers or the metes and bounds information. If the property is from a subdivision, a lot and prevent number is used. But, metes also bounds are employed for rural property. Check the deed also make sure the description matches.
4 Get approval from your lender to close up the obtain of the property without a survey. If additional documentation is available, such as a tax plat, the lender can permit you to forgo the survey and obtain the property.
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Countryside land image by Rose from web site
