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When Considering the Purchase of an Empty Plot of Land | Corona, CA

When purchasing a building, it is natural to get a survey done to flag any issues the edifice has prior to signing any agreement. When it comes to a plot of vacant land, it is natural to think a survey isn’t necessary as the land is empty. Unfortunately, there are things about this plot of land you may not be able to see by just walking it and only a certified land surveyor can give you those answers.

An ALTA/ASCM survey (American Land Title Association/American Congress on Surveying and Mapping) is the most comprehensive survey and is commonly recommended to the purchaser. Table A is a specific set of ALTA survey options you may want to know about, like flood zones or your neighbors. As you can see, this survey will not only show property lines, but easements, encroachments or other boundary issues that may affect your property or how the land is developed.

An easement is created when a landowner grants another party permission to use a certain portion of land for a specified purpose. This type of occurrence could be anything from a shortcut through the property to access to certain amenities. The details of these easements on the property, not the agreement itself, will be included in the survey.

An encroachment is a property improvement that partially lies on an adjacent property, without the adjacent owner’s permission. An example of this would be fencing meant to designate property lines that partially falls on the neighbor’s property in areas.

Once a survey is conducted, you can approach a purchase with more knowledge about what you are purchasing. If there are issues, they can be negotiated in order to prevent buyer’s remorse.

To find out more about purchasing land, please contact us at (800) CALVADA or visit www.calvada.com.

Calvada proudly serves Corona and all surrounding areas.

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The Importance of Getting an ALTA Survey | Corona, CA

When you buy property, it is important to make a thorough assessment of what exactly you are purchasing. Not only to have peace of mind about what you’re buying, but because the bank and title companies will likely expect it. This is easily done by having an ALTA survey done on the plot of land. Once you fully know what you are buying, it will also be easier to build. Here are more benefits of getting an ALTA survey:

Verify a purchase. When you buy a property, you and your lender will have to make sure that the property is worth the proposed amount and is free of problems. If the survey gives a negative report, you can make decisions accordingly prior to finalizing.

Depicting easement size and location. Having adequate knowledge of easements on the property you acquire is important and an ALTA survey will reveal these details.

Locating improvements and encroachments. An ALTA survey depicts all the buildings and structures existing on a property, every property improvement and any encroachment of other people’s property.

Property access. When you buy a property, knowing the routes to your property is important. A survey will show all roads, alleys, highways, and routes that grant access, impeding structures that restrict access and other necessary easements.

Help identify and locate utilities. Whatever might be the reason for you wanting to buy a property, you will want to know if the property has the utilities you require and this can be done by showing all the utilities on the property and their various locations.

To find out more about ALTA surveys, please contact us at (800) CALVADA or visit www.calvada.com.

Calvada proudly serves Corona and all surrounding areas.