An ALTA survey reveals the boundaries of a property, as well as the exact location of any improvements, that have occurred on the property, which includes utility lines, roads, fences, and structures. It also includes the location of any easements present. An ALTA survey is one of the most in-depth and detailed surveys you can obtain. It's not always required to get an ALTA survey, but there are some situations in which you will want to go ahead and put the extra money down for one. We've outlined a few cases in which Long Beach Land Surveyors has performed ALTA surveys for our clients:
Commercial lenders and title insurance companies generally require buyers and sellers to complete an ALTA survey on a commercial piece of property whenever it exchanges hands or refinancing is involved. An ALTA survey may be required because commercial properties contain "survey risks," which include encroachments, potential disputes of boundary lines, and other circumstances in which claims of easements cannot be found via public records. Acquisitions can fall apart without this information, or they'll at least become rather complicated quickly. An ALTA survey will also reveal any problems that the owner must take care of before the property is sold. It helps ensure that there is no risk to the property, which allows the lender to clear it for purchase. Likewise, if you are the one selling the property, it's smart to get your own survey just to compare it against the buyer's.
Vacant Land Purchases
If you intend to buy vacant land in Long Beach California, then we also recommend seeking an ALTA survey, even if it isn't required. A standard boundary survey is often the minimum requirement, but that means it's common to find that vacant land has never been surveyed with modern technology. Without a recent survey, you run the risk of dealing with ownership, encroachment, or boundary issues in the future that aren't known at the time when the land was originally purchased. With an ALTA survey completed by our residential surveyors, we provided the research you need to resolve these issues before you put your money on the line.
As we mentioned, ALTA surveys are the most detailed type of survey you can obtain. The more details you have, the more protection one will receive. At Long Beach Land Surveyors, we always meet the national ALTA standards as well as those from the National Society of Professional Surveyors. We have an established process for conducting these surveys that includes easements, improvements, rights-of-way, parcel boundaries, and any other element that could have a future impact on land ownership. We deliver this detailed information to your title company in a manner that guarantees accurate mapping and clear notes.
Give Long Beach Land Surveyors a call today to discuss your situation and see if an ALTA survey may be right for you.