Are you telling your buyers about survey deletion?

By
Real Estate Agent with Waller Group

You can help protect you Buyers survey protection via the Title Policy.  Of the eight exceptions to the Title Policy, exception 8 reads "The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements.  Buyer, at Buyer's expense, may have the exception amended to read, "shortages in area".

Survey deletion is when the buyer elects additional coverage with regards to most of the survey exceptions.  At a price of 5% of the premium amount, all the exceptions except "shortages in area" go away.  Not much of a payment for a lot of piece of mind.

Perhaps next time you represent a buyer would will make this suggeestion

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are you telling your buyers about survey deletion

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Anonymous #1
Anonymous
Anonymous

Howdy there Richard

That there sure does sound like a real fine thing for home buyers to look into.

God Bless America

April 25, 2009 07:46 PM
Rainmaker
254,306
Connie Goodrich
CRS ABR (McKinney Realtor)Texas
Keller Williams Realty

A good title company will contact the buyer to offer this option as well ... goes to have good partners in the transaction who look out for the best for your clients.

April 26, 2009 01:09 PM
Rainmaker
774,433
Richard Weeks
Realtor, Associate Broker - Manager Business Development
Waller Group

Connie,

Thanks for the comments.  Very good point, I just would prefer the buyer hear it from me, and avoid having to hear why didn't you tell me about this.

But you can not discount working with great lenders and title companies.

April 26, 2009 01:12 PM
Ambassador
745,807
Steve Shatsky
Dallas Real Estate & Short Sale Specialist (214)213-0340
Prudential Texas Properties

Hi Richard... I think the peace of mind would outweigh any added expense.  Thanks for sharing this info. 

April 27, 2009 01:01 AM
Rainmaker
411,908
Betina Foreman
Realtor, C.N.E. Selling Homes in Lake Travis & Central Austin!
512-771-6318 Austin Home Girls Realty

Thihs benefit is definately worth it. Great post!

April 27, 2009 10:13 AM
Rainmaker
337,285
Ed Newman
Alamo Infrared Energy Audits & Building Evaluations

This is real good information - thanks for sharing, I'll be sure and pass it on

October 21, 2010 04:17 PM
Rainmaker
774,433
Richard Weeks
Realtor, Associate Broker - Manager Business Development
Waller Group
Ed
Thank you for thanking me, and I hope you got something of benefit and that  you will pass it on to others
October 21, 2010 04:26 PM
Anonymous
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Rainmaker
774,433

Richard Weeks

Realtor, Associate Broker - Manager Business Development
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