Tips when buying real estate
- The survey plan is the most important document in every real estate transaction.
- Without a survey, there is no way to know with certainty whether you are getting the correct house or property.
- You need to know if there are any easements or a right of way on the property you are interested in purchasing.
- Whether you are buying a new or resale home, make sure the lot size is in the offer.
- Always examine the survey plan carefully. Buying a house or property without first comparing it to a survey plan is risky. Property sizes must always be verified by examining an up-to-date survey.
Without a surveyor’s signature and seal/stamp – it’s not a survey. With hand-sketched additions to a survey plan – it’s no longer a valid survey.
- When purchasing a house, your mortgage lender may require a Building Location Survey Certificate to determine if there are any encroachments, easements or a right of way.
- When purchasing property, obtain the Subdivision Plan and, if necessary, consult a BC Land Surveyor to determine the exact location of the lot you are buying. It isn’t easy to tell one lot from another https://www.vantagels.ca/which-lot-is-which/