Another point; my observation over the years is that the less land somebody owns, the more apt they are to be picky about it.My point being......why would the seller have paid for a survey?
I do understand why you would.
It is in a city so yes, that is different than a 1,000 ac wooded tract. But even that would depend on how far it Is from the opposing corner. 15’ off over 200’ in the woods is one thing. Over 4,000’ its significant.Yes.....but It is not likely that a corner 15' out of wack would create that problem, unless in a city environment.
And a smaller parcel in a downtown area is sold by Sq. Feet.Another point; my observation over the years is that the less land somebody owns, the more apt they are to be picky about it.
Some of the biggest conflicts can arise over miniscule differences.
A surveyed property with well defined lines is more valuable than something which is "there."
We used to find problems just doing mortgage inspections with a cloth tape. In one case I remember a garage in a subdivision which was built off the property because they based their property on the abutters line, without realizing there was an unbuilt road between the two ownerships. In that case a look at the plat would have shown it... which is how I knew.And a smaller parcel in a downtown area is sold by Sq. Feet.
In this particular situation it also cut into my Street frontage.
Great example.We used to find problems just doing mortgage inspections with a cloth tape. In one case I remember a garage in a subdivision which was built off the property because they based their property on the abutters line, without realizing there was an unbuilt road between the two ownerships. In that case a look at the plat would have shown it... which is how I knew.
In my state, cities/towns are required to re-assess property every 10 years, so what you propose could get rather pricey. I'd imagine others do the same.I think that whenever the politicians decide they want to assess the value of property, they should be required to get an unbiased survey done. It would get these issues discovered earlier and maybe reduce the frequency of them doing backdoor tax increases.
I believe that I mentioned earlier in this thread; a contractor down in Portland Maine built a million dollar home which was 11 inches closer to the property line than zoning ordinances allowed. The error wasn't discovered until the building was complete, and the buyer applied for a mortgage to pay off the construction loan. One of the abutters wouldn't sign off on a variance so they had to move it.Great example.
I knew a real estate broker who poured a slab on a lot she didn’t own in a brand new subdivision because she wanted save the cost of a survey.
I believe that I mentioned earlier in this thread; a contractor down in Portland Maine built a million dollar home which was 11 inches closer to the property line than zoning ordinances allowed. The error wasn't discovered until the building was complete, and the buyer applied for a mortgage to pay off the construction loan. One of the abutters wouldn't sign off on a variance so they had to move it.