Frequently Asked Questions:
Question: I am in the process of purchasing a house. My lender is requiring that we have a survey done. Why?
Answer: Lending institutions sometimes require surveys as protection of their investment. A survey will disclose whether or not the house is actually on the property it’s supposed to be on, and if any improvements to the property are across the property lines. A Survey will also show if the amount of land (acreage) being purchased is what the seller claims.
Question: What is a Chartered Land Surveyor?
Answer: Chartered Land Surveyor is a term used by some states for a licensed or registered land surveyor. The state of Wisconsin uses the term registered land surveyor.
Question: When do I need a land surveyor?
Answer: A survey should be made before subdividing any parcel of land for sale and prior to the construction of any structures on property in which you have an interest. A survey is often desirable before purchasing real estate and frequently is recommended by legal counsel or by mortgage loan companies. Remember, the services of a land surveyor now will cost less in time, worry, and money than the cost of moving a building or defending a lawsuit later.
Question: What information should I furnish the Land Surveyor?
Answer: Furnish the surveyor with an explanation of why the survey is desired. The land surveyor will maintain confidence if requested by the client. With this purpose in mind, a professional land surveyor can work most efficiently and reduce the client’s cost. If you have a deed or mortgage description, aerial photographs of the land, or an abstract, relay them to the surveyor. If you have knowledge of a stone, iron pipe, fence line, etc. that was reported to you as a property corner, pass the information along to the surveyor. He will make the professional judgment as to what evidence should be used.
Question: How much will a survey cost?
Answer: Fees of Land Surveyors are on a level with other professions. The Surveyor’s fees are dependent upon the size of the tract and other factors, including the terrain and vegetation, accessibility, and if reliable survey monuments exist in the area. Therefore, the Surveyor will estimate the approximate cost of the survey for you prior to commencing the work. However, do not depend on the lowest priced survey to be the best survey. Obtain the services of a reputable Surveyor.
Question: What should I receive from the Land Surveyor?
Answer:1. Plat or plats showing all desired information.
2. A description of the survey suitable for deed use.
3. Services which serve the purpose for which they were intended.
Cautions for Landowners and Clients
Contact the surveyor well before the survey is needed.
DO NOT replace a survey monument with a post. Set a post beside the monument.
DO NOT move, remove or replace a survey monument.
Removing or disturbing a survey monument is punishable under Wisconsin State Law.
Question: What is an ALTA Survey?
Answer: ALTA stands for American Land Title Association.
The survey is performed in accordance with the ALTA standards. The surveyor is required to identify the location of all improvements to the property lines along with a summary of how the physical property lines match the existing deed of record or the report contained in the title commitment.
Question: What is an Elevation Certificate?
Answer: An Elevation certificate is an official FEMA document which certifies as to the elevation of your home relative to the 1% annual chance flood elevation (1oo year flood). Often mortgage lenders and/or insurance companies will require this if they believe your property may be in/near this flood zone. Combs & Associates has provided Elevation Certificates for many clients.
Question: What is a LOMA/LOMC?
Answer: A Letter of Map Amendment, or Letter of Map Correction is an application to FEMA in order to try and remove your structure from the 1% annual chance flood zone. Combs & Associates is able to submit these applications to FEMA. FEMA then issues an official determination as to whether the structure is in, or out of the flood zone. If a structure is determined to be out of the flood zone, this will drastically reduce flood insurance premiums, and many times removes the requirement to purchase flood insurance.