A Mortgage Survey is necessary for anyone preparing to close on a real estate purchase. If you’re purchasing a piece of property, vacant or improved and will be financing the purchase, your lender will most likely require a mortgage survey.
If you will not be financing the purchase, it is still wise to have a survey completed prior to closing in order to verify that there are no encroachments onto the subject parcel OR from the subject parcel onto an adjacent parcel.
If you’re a Realtor, title company or lender working with a buyer, in addition to completing the necessary survey, we will determine the flood zone of the property. This is important in determining if your buyer will also need to purchase flood insurance.
