Friday, April 15, 2011

Smart Sellers offer current Surveys

Since having an up-to-date property survey is generally of benefit to the buyer, sellers who can offer a current survey for their property will find it an attractive plus when promoting their listing.  Providing a current survey to the buyer helps ensure the correct information is properly disclosed, and that helps your sale to move smoothly to completion. 

Sellers should also be aware that not every transaction requires a brand new survey.  It depends in part on when the last survey was completed, and what physical changes have taken place since then.  If there have been no improvements to your property, your current survey may be sufficient for your needs.   

If a survey is needed, and no up-to-date version is available, you may be wondering who pays to have a new survey done.  The time to raise this question is during the negotiations between buyer and seller.  The seller is under no obligation to provide any such documentation, or to participate in the cost of a new one, unless it’s spelled out in the offer.

 Feel free to contact me on the best way to prepare for the sale of your property – from staging to disclosure issues.

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