Legal Question in Real Estate Law in Texas
Survey Costs
We are currently in the process of selling a home; the bank/title company is requesting a survey. Is it the responsibility of the buyer or the seller to pay for the survey?
Asked on 10/22/07, 6:00 pm
1 Answer from Attorneys
Joseph A. McDermott, III
Attorney at Law
Re: Survey Costs
The contract to sell the real estate -- you do have written contract, don't you? -- typically provides for a survey and who pays for it. Absent such a provision, neither party is obligated as a matter of contract to provide one. However, if the buyer's lender won't make the loan without a survey, as a practical matter one must be done. If the buyer won't pay for it, you must decide whether you will lose the sale over this item. Should be less than $500. Maybe you can offer to split he cost.
Answered on 10/22/07, 10:49 pm
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