If you’re considering a commercial real estate purchase, you may be thinking about whether you need an ALTA survey. This kind of survey follows American Land Title Association and National Society of Professional Surveyors standards. Here’s a brief overview of what you need to know.
Who Can Prepare This Survey?
Only a licensed surveyor is qualified to assess a parcel of land and prepare this kind of specialized report. A licensed surveyor in the state of Washington has met education and work experience standards and passed a licensing exam for residential and commercial surveying.
What Does the Survey Include?
Your surveyor will describe the property and its boundaries as well as a full description that outlines key features. The survey includes structures like buildings and the location of utilities. It also includes any existing easements and documents where future easements might limit potential development.
When Do I Need This Kind of Survey?
For some real estate transactions, this survey may be required. Lenders who are part of commercial real estate transactions may require this survey before finalizing the loan. Title companies may also want this survey. It can be part of the title insurance process.
Do You Need an ALTA Survey in Seattle?
True Point Surveying is a locally owned, licensed and insured company offering a wide range of surveying services for all of your commercial and residential real estate needs. From construction and boundary surveys to engineering drafting layout and exhibit mapping, we are your source for reliable, on-time and courteous service. Contact us today to learn more about our ALTA survey capabilities.
Accurate and Timely ALTA Surveys for Seattle Real Estate Work
Serving Pierce, King & Thurston Counties, including Puyallup, Tacoma, Kent, Bonney Lake, Federal Way, Seattle, Bellevue, Waller, Fife, Edgewood, Sumner & Parkland
Posted on September 27, 2021 | Published by Ignite Local | Related Local Business