Who Are Surveyors & Valuers?

Who Are Surveyors & Valuers?

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Author : dcss     Date : 20-Feb-2006

When you are planning to buy a property or to sell a property, a surveyor’s real property report is essential. This type of survey is made in order to recover boundary lines of an existing parcel of land according to a valid legal description or to create a new boundary line or lines. A surveyor or valuer is a valuable part of your property investment team.

A surveyor's real property report is a legal document that clearly illustrates the location of all visible public and private improvements relative to property boundaries. It generally takes the form of a plan or illustration of the various physical features of the property along with a written report highlighting the surveyor's opinion of any concerns. The plan and report may be combined on one document.

As you know the property investment process is a tedious process involving lot of legalities, a legal document report from a valuer is very essential for the property that you are going to buy or sell. In a real estate transaction the surveyor's real property report can be relied upon by the purchaser, the seller, the Equity partner the municipality, the realtor and all other parties to the transaction as an accurate representation of the property.

The role of a surveyor is critical in terms of a property investment; if you are wondering why you need a surveyor’s report so importantly, you can get a clear picture from the following points.

  • When buying land, to protect the investment you are about to make.
  • When selling land, to insure that you are selling just that part intended
  • Advise you whether or not you actually need a survey.
  • Find your property corners and mark them properly.
  • Prepare Route Surveys, Boundary Surveys, Subdivision and Court Surveys, and all phases of Construction Surveying, etc.
  • Locate buildings, fences, rights-of-way, easements, encroachments, and evidence of possession.
  • Inform interested parties of progress and results of surveys currently being conducted.
  • Advise and cooperate with your attorney, title insurance company, realtor, broker, engineer, or architect.
  • Appear in court as an expert witness in a lawsuit.

Your surveyor should be from a respected association of your locality. You have numerous associations like Association of Ontario Land Surveyors, Virginia Association of Surveyors, Delaware Association of Land Surveyors and others to make sure the knowledge and integrity of your surveyor.


Your Buyer's Guide

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