Why do I
need a survey of the property I'm buying?
This is a good question that I
hear often. When you purchase a home you are buying
the rights of the land, the air and any physical
improvements that were done. You will want to know
the exact property lines (also known as metes and
bounds). Your attorney will review the survey and
let you know if the neighboring properties are
encroaching on your property. This can be in the
form of a fence, a driveway, landscaping, etc.
These issues pass to you if they are not addressed
before your transaction closes. As your real estate
attorney, I would help you negotiate correcting
any of these issues.
A survey gives you, the buyer, the piece of mind
that the property you are buying is clearly identified
and that you are fully aware of any encumbrances
that may exist.
If I can answer any further questions on this topic,
or any other general questions about a real estate
transaction, give me a call. 973-898-7300 x126. www.martyeagan.com
The Law Office Of Martin D. Eagan
52 Maple Avenue
Morristown, NJ 07960
Tel.: (973) 898-7300 | Fax: (973) 734-1903