5 Survey Problems in Sarasota
Survey Problems in Sarasota Can Cost You Thousands
Quick Answer
Yes, there are five common survey problems in Sarasota that can derail your real estate transaction. These issues often arise due to Florida Statute 177, which governs land surveys, and can lead to boundary disputes, easement issues, and encroachments. For example, a survey discrepancy might reveal that a neighbor’s fence encroaches on your property, potentially costing you thousands in legal fees to resolve. Discovering these problems late in the process can lead to closing delays or even contract termination. Call me at 941.400.8735 or reach out directly to Michael Renick – I’ll share my approach with you.
What Actually Breaks Deals in Florida
Boundary Disputes
Boundary disputes are a common survey problem that can break deals in Florida. Governed by Florida Statute 177, these disputes often arise when a survey reveals that the property lines differ from what was originally believed. In one deal, a buyer discovered just days before closing that a neighbor’s garage encroached onto the property, leading to a renegotiation that cost the buyer an additional $15,000. The consequence of such a discovery can be severe, including potential legal battles and the risk of losing the property altogether.
My home buying experience with Mike and Eric continues to exceed my expectations, even long after the sale. Not only did they deal with me honestly and efficiently for the sale itself, their service didn’t stop there. They continue to keep an eye on my condo when I’m not there and have even referred rental clients to me, which has worked out very well! This is well beyond the norm in the real estate industry. Good, old fashioned service. I will be calling them again for my next purchase, for sure!
– ppugielli, Zillow Review
Easement Issues
Easement issues can also disrupt real estate transactions in Sarasota. Easements, which are rights granted to use another’s land for a specific purpose, are often discovered during the survey process. In a recent transaction, an easement for a utility company was found running through the backyard, limiting the buyer‘s ability to build a pool. This unexpected discovery forced the buyer to either accept the limitation or walk away from the deal, risking their deposit.
Encroachments
Encroachments occur when a structure intrudes onto another’s property, and they are a frequent issue in Sarasota real estate. During an inspection period, a buyer found that a neighbor’s deck extended onto their newly purchased property, leading to a costly legal dispute. The consequence of not addressing encroachments early can result in forced renegotiations or even contract termination, jeopardizing the entire transaction.
Where It Usually Blows Up
Survey problems typically surface during the inspection period, a critical stage in the transaction. This timing is brutal because buyers have often already invested significant time and money into the process, including inspections, appraisals, and securing financing. When survey issues are discovered late, buyers or sellers face the risk of losing deposits, incurring additional legal costs, or experiencing significant closing delays. The financial and emotional toll of these last-minute surprises can be substantial, potentially derailing the entire deal.
What I Tell Clients Before They Risk Money
- Order a Survey Early: Ensure a professional survey is conducted as soon as possible to identify any potential issues.
- Review Easements: Examine all easements on the property to understand any limitations they may impose.
- Check for Encroachments: Verify that no neighboring structures encroach onto the property to avoid future disputes.
- Understand Boundary Lines: Confirm the exact boundary lines to prevent any surprises during the transaction.
- Consult Florida Statute 177: Familiarize yourself with the legal framework governing land surveys in Florida to protect your investment.
Let’s continue this conversation.
Call me at 941.400.8735 or schedule a 15-minute call. I’ll tell you what I would look for.
Call 941.400.8735 or Schedule a Call
Questions Clients Actually Ask
What happens if a survey reveals an encroachment?
If a survey reveals an encroachment, it can lead to significant legal and financial consequences. You may need to negotiate with the neighbor to resolve the issue, which can involve legal fees and potential changes to the property’s boundaries. This can delay closing and, in some cases, lead to contract termination if an agreement cannot be reached.
Eric and Mike have created an incredible, stress-free real estate experience. Not only are they timely and responsive to questions, but they inform and counsel effectively as you navigate the options you are considering. It was the best home buying experience I’ve had! If you need a great team, these two must be your choice.
– ERIKA CRAMER, Google Review
How can easement issues affect my property purchase?
Easement issues can limit your use of the property and affect its value. For example, if a utility easement runs through your yard, it may restrict your ability to build structures or make improvements. Understanding these limitations before closing is crucial to avoid costly surprises and ensure the property meets your needs.
What To Do Right Now
Request a copy of the property’s survey and review it for any discrepancies or issues. This document will provide crucial information about boundary lines, easements, and potential encroachments, allowing you to address any problems before they escalate.
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