When it comes to buying a property, there’s one question you’ll almost always encounter: “Do you want to get a survey?” The answer, without a doubt, should be a resounding yes. Let me share a couple of real-life stories that emphasize the importance of investing in a survey before sealing the deal.
Story 1: The Kitchen Conundrum
A few years ago, I ventured into the world of real estate investment and purchased a charming two-bedroom house in Greenville. When the realtor asked if I wanted a survey, I agreed without hesitation. Little did I know, this decision would save me from a potential disaster. The survey revealed a shocking truth: the side property line cut right through the kitchen! Without the survey, I would have unknowingly shared my kitchen with the neighbor. Thanks to the survey, I was able to negotiate a deal, buying the necessary land to own the entire house, kitchen included, for just $500.
Story 2: The Unseen Easement
Another tale comes from a friend who purchased a house in a suburban neighborhood. The property seemed perfect, and like many others in the area, no survey was conducted. Unfortunately, this oversight led to unforeseen complications. A utility easement, missed by the title search, caused a legal dispute between neighbors. The situation escalated, leading to threats of lawsuits. Eventually, another friend had to step in, purchasing the property to restore peace.
These stories highlight a crucial lesson: always get a survey. While there might be exceptions, they are rare, especially for beginners. Spending the money on a survey and a thorough title search is an investment in your peace of mind. It ensures you’re aware of the property boundaries, potential encroachments, and easements.
Additionally, don’t overlook the significance of title insurance. Having both lender and owner’s title insurance safeguards your investment, protecting you from hidden issues that might arise later.
Remember, a survey isn’t just a piece of paper; it’s your shield against costly disputes and unexpected problems. So, when asked if you want a survey, say yes, and make sure your investment is built on solid ground—literally and figuratively.
If you have questions about ways to safeguard your real estate investments, call us today at 864-395-6538, or email property.htsi@gmail.com. With years of experience in the real estate industry, our team can guide you in the right direction. We help our clients rent, buy, and sell real estate in the upstate of South Carolina.
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