Can I save money by using the sellers old survey? Is this wise?

September 1, 2011

should I use an old surveyThere are a lot of things you can do that you probably should not do. Using an old survey may be legal and acceptable to your lender but is it wise?

I’d like to suggest that using a past survey, as opposed to ordering your own fresh survey, is a risky endeavor that you might want to think twice about. Yeah, people are doing it a lot these days. But people do all sorts of foolish things. If your neighbor jumped off a bridge….

So why shouldn’t you use the sellers past survey? They are offering it for free and last time you checked free is a wonderful price. All the seller has to do is sign an affidavit saying there haven’t been any changes to the property since the last survey was conducted and you just saved about $375.00.

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