U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 08-18-2008, 03:34 PM
 
634 posts, read 2,222,131 times
Reputation: 507
Default How much does a survey cost on property?

Hi,

I would like to know how much a survey will cost and whether this should be covered by seller?

Do lenders require surveys on property?
Quick reply to this message

 
Old 08-18-2008, 03:35 PM
 
Location: Houston
1,440 posts, read 3,430,477 times
Reputation: 402
not all lenders require
Quick reply to this message
 
Old 08-18-2008, 03:41 PM
 
Location: Houston (Memorial) and Western NC
8,906 posts, read 15,129,905 times
Reputation: 4046
It varies. Usually around 450
Quick reply to this message
 
Old 08-18-2008, 03:44 PM
 
Location: Houston
57 posts, read 291,620 times
Reputation: 30
Also, I believe once a survey is done it is "valid" for some number of years. When we refinanced our home, we were not required to get a survey because the prior survey for the property was fairly recent and therefore was "still valid."

I believe anything required by the lender is typically the responsibility of the borrower. Anything can be negotiated into the contract, of course.
Quick reply to this message
 
Old 08-18-2008, 07:22 PM
 
Location: Lake Conroe, Tx
637 posts, read 2,008,560 times
Reputation: 390
Quote:
Originally Posted by marykate1 View Post
Hi,
Quote:
Originally Posted by marykate1 View Post

I would like to know how much a survey will cost and whether this should be covered by seller?

Do lenders require surveys on property?


Depends on what type of property you are looking to buy as to what the survey will cost.
Cleared 9000 sq ft lot in a Platted subdivision = 350 + -
20 acres of uncleared land in an un restricted area = $2500+.

There are others in here that will tell you no but I have never known a lender to loan money on something unless they know what it is, I mean would you? What about flood and elevation certs, possible easment or access issues? The lenders I know of would not even entertain the idea of loaning $ on something with out a survey as they would have no idea of what they are really loaning on.
Quick reply to this message
 
Old 08-18-2008, 07:24 PM
 
Location: Houston (Memorial) and Western NC
8,906 posts, read 15,129,905 times
Reputation: 4046
2500 for over 20 acres???????????

You got taken.
Quick reply to this message
 
Old 08-18-2008, 07:41 PM
 
Location: Houston, TX (Oak Forest)
3,554 posts, read 7,205,257 times
Reputation: 2338
You can just call or email a local survey company and get an exact quote.
Quick reply to this message
 
Old 08-18-2008, 07:51 PM
 
Location: Lake Conroe, Tx
637 posts, read 2,008,560 times
Reputation: 390
Quote:
Originally Posted by EasilyAmused View Post
2500 for over 20 acres???????????
Quote:
Originally Posted by EasilyAmused View Post

You got taken.



I didn't personally pay this; just saying that I've seen surveys that cost this and more. Just think if they had to go out to an un platted area and once arriving saw that they had a lot of "cutting" to do so they could shoot their lines, or perhaps part of it was in a creek etc. Also what about elevation certs if it's near a flood plain? This is not an unreasonable price at all for large acreage surveys. Crew of two people and probably two days of work; not going to get it done for a few hundred bucks like you could a small platted subdivision lot.
Quick reply to this message
 
Old 08-18-2008, 08:21 PM
 
Location: Spring, Texas
406 posts, read 1,095,996 times
Reputation: 157
Quote:
Originally Posted by marykate1 View Post
Hi,

I would like to know how much a survey will cost and whether this should be covered by seller?

Do lenders require surveys on property?

Marykate...you do want a survey. It generally is a buyer expense...just really depends on how your contract is constructed. If your getting financing... your lender will be a good resource as far as the various costs associated with your closing....ask them for a "good faith estimate".

You've have several posts regarding the various aspects of a real estate sale/contract... are you using an agent? If so...their representation on your behalf appears to be lacking. These are conversations/questions you should have with them. It's part of the reason we get paid the "big bucks". Don't ever feel you can't ask for clarification ... especially as this is your first purchase. Good luck...Sunny
Quick reply to this message
 
Old 08-19-2008, 07:36 AM
 
70 posts, read 317,268 times
Reputation: 37
Our lender required a new survey be done and it cost $350.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top