The next thing on our list of ‘Buyer Fees to be Aware of’ is the survey fee, and this really depends on how big your property is. They’re about $350 today, for a regular-sized lot, we just recently sold a lot that was an acre, and that survey was $700. If it’s bigger than that, then obviously the survey fee is going to be, more expensive.
I think a survey is really important for a couple of reasons. The first one is you want to make sure that you know where the lot lines are. The second one is, to see if there are any easements. I sold a house a few years ago; the survey showed that it actually had a utility easement underneath the house. That meant that if the electric company really
wanted to, they could dig underneath the house and, and get to some of those electrical lines. We were able to actually, talk to the electric company and actually get them to sign off on that easement because they weren’t using it. But if we hadn’t had that survey, we wouldn’t have known it even existed. Basically, a survey is important.
Sometimes the old owner will have the survey and you don’t have to buy a new one, but if they don’t then you’re going to have to get one for the bank.
Join us on Sunday mornings at 8 AM on News Radio WFLA Orlando, with host, Laura Petersen, Your Home Sold Guaranteed Realty, Central Florida Real Estate Radio. To reach us, call 407-566-2555.