Home Surveys

What is a Survey?
A survey is an overhead line drawing of a parcel of land. It shows the measurements, and boundaries of a property. Licensed Ontario Land Surveyors take careful measurements on site and compare them with the registered titles of the property. Surveys reveal the actual location of the buildings placed on the property in relation to the lot lines. Surveys often detail improvements such as fences, pools, overhead wires, easements and rights-of-way in favour of neighbours or utilities. Surveys detail exactly what buyers are purchasing and, even more importantly, what they may not be receiving.

Do I need a Survey?
Title insurance companies often do not require you to have an up-to-date survey prepared on the purchase of a property. This can mean savings for you upwards of $500. Despite these potential savings, a proper survey is a key safeguard of title and may save you time and money in the long run. Depending on your particular situation, a survey might be something you should consider in your home purchase. Title insurance policies often contain exceptions which will not be covered. These exceptions include defects that could have been discovered by a professionally reviewed title search, and a proper survey. Without a survey, it may prove difficult or impossible for the purchaser to accurately determine the full extent, dimensions and location of the property, and ensure you know exactly what you are purchasing. A survey may not be necessary or appropriate in every case. We can help you determine if you should consider an up-to-date survey in your purchase

Does Title Insurance Replace the Need for a Survey?
Although title insurance may cover errors in ownership or legal title to the property, it will not compensate owners for the risk that a prospective purchaser could back out of the sale at the last moment since good title was lacking, or for the inconvenience of not closing your transaction on time. While title insurance can be a useful tool in preventing many potential problems, a survey will ensure you know what you are buying when you buy it. We would be happy to answer any questions you might have regarding surveys or any other aspect of your real estate deal.

© 2020 Casselman Legal - Sarnia Law Office