Q&A

Should buyers get a new survey done if an older one exists?

By Kim PittawayKim Pittaway

22681_1315323046_Bev_Sayers_DSCN0196.JPG-no-date

Photo by Bev Sayers

No comments


The Question

Should buyers get a new survey done if an older one exists?

The Answer

Not usually. “If there’s an older one on file and there hasn’t been much change to the property, I wouldn’t normally suggest getting a new survey,” says Kim McCann, a broker with Century 21 in Grand Bend, Ont. Still, you should walk the property with the survey in hand to ensure there are no unexpected changes or surprises. “And, just to be safe, I always suggest getting title insurance,” says McCann. Title insurance protects your title—or ownership—against losses incurred because of title defects that were unknown to the purchaser or not detected during the title search, which could include unpaid liens, costs arising from building code violations, and other issues.

 

 

 

 

 

 


No comments

You need to be logged in or a registered user to leave a comment

Log in  |  Register

Tonight on Cottage Life

  • 06:00 pmCOTTAGE CHEESE
  • 06:30 pmWEEKEND RENO
  • 07:00 pmBUYING ALASKA
  • 07:30 pmMY RETREAT
  • 08:00 pmGEORGE CLARKE'S AMAZING SPACES
  • 09:00 pmBROJECTS
  • 09:30 pmDECKS, DOCKS, AND GAZEBOS
  • 10:00 pmCOLIN AND JUSTIN'S CABIN PRESSURE
  • 10:30 pmMY RETREAT
  • 11:00 pmBUYING ALASKA
  • 11:30 pmSELLING BIG
View Full Schedule

MOST POPULAR


Kim Pittaway