Purchasing a piece of commercial property in Texas is a massive investment. You want to make sure you get the most bang for your buck. You also want to make sure you can use the property the way you envision doing so. One way to ensure you are getting what you want is to have the property surveyed. However, know that not all surveys are created equal. That is why having a survey review done by an experienced real estate law attorney may be in your best interest.
Before diving too far into this topic, you may be wondering why you need a survey if you are purchasing title insurance? The short and simple answer to that question is this; a survey reveals everything you’ll want to know about the property. Much of what it reveals may not be covered by title insurance.
If you want the full picture, if you want to know what you are getting, a survey is just the way to go. A survey confirms basic information, such as location, size and existence. It reveals any discrepancies between the recorded legal description and its actual use. It gives a clearer picture of the property boundaries, zoning ordinances, easements and hazard areas that may exist, among many other things.
Having a survey done on a piece of is just a part of doing your due diligence. Everything it will tell you is relevant to your purchase. However, a survey is only useful if it is complete and you understand it. Legal counsel can look it over, explain it in detail, then help you negotiate the best purchase terms if you opt to buy the property. To learn more about how an experienced real estate law attorney can assist you with your commercial property purchase in Texas, please take a moment and visit our firm’s website.