Tag Archives: property surveys

Land, Property, and Boundary Surveys Are All The Same

Land, Property, and Boundary Surveys Are All The Same

Although they are often call different things, these types of surveys are pretty much one and the same.

A Land Survey, is a mathematical closure of real property located in various breaks or systems.  They can be part of a Townsite.  They can be part of a commercial subdivision, residential subdivision, block, and more.

There are different types of land surveys that help us to understand and map the Earth. Boundary surveys are one of the most common forms of land surveys and they play an important part in every day society.

What is a Boundary Survey?

Boundary surveys are a type of land survey used to establish the boundaries of a parcel of land using its legal description.

The method of creating boundary surveys usually involves setting or finding previous markers or monuments along the lines and in the corners of the land parcel. These markers range from iron rods and concrete blocks to something as discreet as a stick or stone.

Using these markers, the land surveyor can draw up a map or plat that represents the location of these markers and in turn the boundaries of the land.

In some circumstances the boundary markers may have been vandalized, eroded away or simply buried over time. This can mean that the boundary surveyor needs to use other methods to create the boundary survey. Methods can include looking for fence locations, monuments on neighboring property, wood lines and other evidence.

What are they used for?

Boundary surveys have a variety of purposes, however they are most commonly used to help property owners establish exactly what land is theirs. A boundary survey will show you what is on your property as well as any easements or encroachments.

If you want to put an extension onto your home or even just to install a fence, shed or landscape your garden – then you will need a boundary survey before you are able to do this.

Boundary surveys are relatively simple and inexpensive surveys – so many valuable and large commercial properties choose to have a more detailed ALTA (American Land Title Association) survey done instead.

If you are buying a new home you should always consider getting one done before making the final purchase. In many cases the title and deeds of the land can be out-dated and inaccurate, meaning you may not be getting as much land as you expected. Getting a survey will ensure that you have a legal document outlining what is rightfully yours.

A boundary survey will also indicate on it any limitations to the property that may have been imposed by local or state regulations.

What does it involve?

A licensed land surveyor conducts boundary surveys and will start by researching historical documents related to the land and often the land surrounding it as well. Some of the documents and resources they will probably look at include: the Registry of Deeds, county commissioners office, town offices and more.

After the prior research the land surveyor will then head onto the land itself and create a traverse (control network to help view all areas of the land sequentially). They do this to help find existing monuments that may mark the boundaries of the land.

The final stage is to gather both the field work and earlier research together to compile a final boundary survey. If changes need to be made, the boundary surveyor will go back to the land to place new monuments. A report, legal description and map will be created.

How much does it cost?

The costs vary depending on a variety of influencing factors. Some of these factories include: the size, terrain, vegetation and location of the land parcel. The season will also affect the price of the boundary survey – as it will take longer to complete in harsh weather.

A lot of the price cannot be determined until after the boundary surveyor has begun work – as the price will increase if they are unable to find markers or there is little historical evidence to use.

About Author
As a full time business consultant and top performing real estate agent in the NY/NJ area, Angela along with her associates now share their expertise in various real estate and land surveying topics exclusively on the Land Surveyors website. To learn more about land and property surveys, be sure to visit LandSurveyors.com for all your land surveyeying needs.

Article Source: http://EzineArticles.com/?expert=Angela_Goldstein-Meyer

 

 

 

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The True Costs Of Remortgaging

OK so you are considering a remortgage and why not? There are plenty of good reasons to consider remortgaging at the moment including benefiting from an all time low interest rate! By remortgaging you may also benefit from freeing up equity, flexible payments and even potential overpayment options. Facilities you may not have on your existing mortgage.

Whilst saving money may be your primary concern when remortgaging, it is important that you consider the costs of the remortgage process as well as the savings you may make in terms of your monthly repayments. Sometimes a great deal may have hidden fees which can make it less appealing. If you are thinking of remortgaging, ensure that you check to see whether any of the following five fees will be payable.

Valuation/Survey Fee: When you apply for a remortgage, one of the first things that a lender will do is to instruct a qualified surveyor to undertake a valuation on your home. The surveyor wants to check that there are no structural issues with your home as well as providing a realistic market valuation of your property.

Surveys are not free unfortunately and their cost can vary from under GBP300 to over GBP1000. This cost i dependent of the type of home and valuation required. Sometimes the lender will meet these costs as part f their remortgage package. Though this may not always be the case under which circumstances you will have to meet the costs. It may be that during a valuation it is found that improvements are required. Once these are completed a second survey is required. It may be that you would also be responsible for these costs.

Fees For Applying For A Remortgage: Mortgage deals, especially ones with low interest rates, usually carry an application fee which lenders charge to pay for the costs of processing the new loan. This can range from GBP100 or GBP200 up to GBP3000 depending on the lender, the deal offered and the state of the market at the time that you apply.

Booking fees are typically payable with your remortgage application and will often be non refundable (if your remortgage application is subsequently declined). Application or arrangement fees can often be added to your new mortgage and are only payable when the remortgage completes.

Costs For Legal Work: Part of the process of obtaining a mortgage is the legal work, which involved land registry (checking the register to ensure you are the legal owners), and various other legal work. The official name for this process is conveyancing which is done by a solicitor, and again sometimes the lender will pay for this is they have an appointed solicitor firm who does the bulk of their conveyancing work. But again, you may have to pay for this yourself which can cost anything up to GBP2000 depending on the firm that you use. Make sure you get plenty of quotes before agreeing to a price.

Mortgage Broker Fees: Using a mortgage broker, as many people do, has its benefits. They can often find you great rates and great products as they often have access to a wide range of deals. They can also help with the paperwork involved during the application process. Mortgage brokers in the main though will charge for these services and these charges should be taken into account.

Early Repayment Penalties: If you are still within the first few years of a fixed rate mortgage, you may have to pay an early repayment charge. If you are unsure just ask your current lender if there is any charge.

So if you are currently with a lender and reaping the rewards of a discounted or fixed rate deal, your lender might impose early repayment charges for breaking the terms of that agreement. Even if there are not any penalties for finishing your current mortgage, you may still be charged a sealing fee or other admin expenses..


About the Author:
Howard writes for Just Commercial Mortgages the UK’s No1 site for the latest commercial mortgage rates and commercial property finance news.

Land Surveys | ALTA Surveys – Yea We Do Them

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Land Surveys | ALTA Surveys – Yea We Do Them

Give us a call for more information regarding ALTA and Land Title Surveys.  Call For Your Free Quote – (435) 623-0897.

The American Land Title Association (ALTA) is a professional trade union that has helped establish conformity and quality among boundary land surveys in the USA.

What is an ALTA Survey?

They are special boundary surveys that are specifically used for land title insurance purposes. All ALTA surveys must meet the minimum requirements as set out jointly by ALTA (American Land Title Association) and the American Congress on Surveying and Mapping (ACSM).

ALTA surveys are very complex land surveys – much more detailed than standard land surveys – and can take weeks to complete.

What are they used for?

They are generally created for title companies, lenders and title insurance companies. The ALTA survey provides detailed information for the lender, buyer and title insurer about the present and future situation of the land in question.

They can cost thousands of dollars, and because of this they are usually only conducted on commercial properties that can’t afford not to have the legal benefits of an ALTA survey.

If a buyer of property or land wants to apply for extended coverage owner’s title policy then they must provide the insurer with an ALTA survey so that standard exceptions can be deleted from their policy. This includes easements and claims of easements not shown on public records and encroachments, overlaps, boundary line disputes and other things that would not be disclosed by a standard survey and inspection.

What does it show?

ALTA surveys are the most detailed type of survey you can obtain and so they show a lot of different information on the one map.

Surveys that conform to ALTA standards show information that a standard land survey may not. This includes: fences, trails, roads, utility lines as well as detailed legal descriptions that might mention a suggestion for further investigation into a particular matter.

While a standard boundary survey may show the precise boundary lines between different parcels of land, it doesn’t necessarily indicate any improvements that have been made to the land. Additionally, standard land surveys do not need to confirm to any minimum detail requirements unlike ALTA surveys. This intense detail is essential for valuable commercial buildings.

ALTA standards are applied to all  surveys so that each one shows the same level of detail and information.

ALTA surveys must include the names of the affected parties, such as the buyer, lender, title company etc. Plus, the surveyor must work closely with the land title insurance company when creating the map to ensure that all the necessary details are covered.

How to get it?

ALTA surveys can be very expensive and time consuming – but very worthwhile. To get one done you will need to contact a land surveyor that is a member of the American Land Title Association (ALTA), as these are the only ones who are licensed to conduct an ALTA survey.

There are several items of information you need to have before getting a survey. Firstly, the land surveyor will require the names of the parties to whom the survey will be certified; next, a copy of the current title commitment (and supporting documentation); and finally, a range of documents as agreed between you and the land surveyor regarding the terms of the real estate contract.

There are hundreds of land surveyors that can conduct surveys across the USA, so it is easy to get hold of one. You can find them either on the internet, in your local directory or by asking for a recommendation from friends or colleagues.

To learn more about ALTA surveys and various other land and property surveys, be sure to visit the all new Land Surveyors website.

Article Source: http://EzineArticles.com/?expert=Angela_Goldstein-Meyer

 

Residential Land Surveying

There are many different types of land surveys. Residential land surveys are among the most common, and are the type of survey most likely to be encountered by the general public. Residential land surveying involves the precise measurements of the boundaries of a certain piece of real estate. This may also be called a boundary survey. Land surveys may be used in the case of property disputes or before you build on the land; title and lending companies may also require a land survey showing structures on the property.

Residential land surveying is much more complicated than simply measuring the boundaries of your land according to the property deed. Land surveyors actually research and then plot the true boundaries of the property. One step that is often forgotten about by those considering a survey of their land is the research that begins before the actual measurements may be taken.

The first step of a land survey is to search for any records concerning the property. These include title certificates, deeds, and other papers. Then, the land surveyor researches past surveys, easements, and other records which may influence his findings. Most of today’s homes are built on property that was sold after dividing up a larger piece of property; this can make the survey’s job more challenging, especially if this division was not surveyed or recorded properly.

Once the surveyor understands the historic boundaries of the property, the land surveyor will take the measurements of your land, determining whether the in-use boundaries conflict with the boundaries recorded in records or past surveys. Various points are marked, usually using stakes, to make re-surveying the land easier at some point in the future.

The measurements may be taken using a transit and tape measure, or an electronic tool known as an EDM. Today, GPS may also be used for land surveys, though not usually in areas that are heavily wooded. Newer technology is allowing residential land surveying to be undertaken with very accurate results.

Usually, a land surveyor will measure each location multiple times, averaging these results to determine the true position of the point. The location of boundaries and easements will then be marked on your land. After the measurements are complete and have been marked on your land, the land surveyor will generally walk the property with you, pointing out the landmarks measuring each point, such as a plastic or metal stake. Then, the surveyor will advise you on any differences between the current survey and previous surveys or records of the land, including any areas where neighboring property owners have encroached on the land.

When a professional land survey is complete, the property lines as stated by the licensed surveyor become the legal boundaries of the property. Usually, these boundary lines do not differ significantly from the previously accepted land boundaries, but this is not always the case. In some situations, your neighbors will also need to have a residential land survey conducted as well, if there is a boundary dispute. Having your property surveyed by a residential land surveyor can give you peace of mind as you gain certainty about the exact boundaries of your property.

We at Point to Point Land Surveyors pride ourselves on accuracy, customer service and quality work delivered on time, guaranteed. Residential land surveys are a specialty.

Article Source: http://EzineArticles.com/?expert=Charles_Iner

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