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If you are embarking on a venture that involves buying or selling land, you may need ALTA<br>surveying. These comprehensive surveys are designed to provide specific, detailed
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What Does ALTA Surveying Stand For? If you are embarking on a venture that involves buying or selling land, you may need ALTA surveying. These comprehensive surveys are designed to provide specific, detailed information about a property’s boundaries, easements, and more. Many lenders or title companies will require an ALTA survey to obtain a loan or title insurance for a property, so its importance cannot be understated. ALTA surveys are used by more parties than you might think. If you are wondering whether this service is right for your project, it helps to first know what “ALTA” stands for and what sets this survey apart from other types of surveying. The Organization Behind ALTA Surveying ALTA stands for the American Land Title Association, an organization that sets specific standards that a land surveyor Tulsa must adhere to when conducting an ALTA survey. These standards, developed in partnership with the National Society of Professional Surveyors (NSPS), ensure that ALTA surveys provide the highly accurate land data necessary for real estate transactions. What Sets ALTA Surveys Apart? While other types of surveys, such as topographical surveys or boundary surveys, also provide detailed information about a parcel of land, ALTA surveys are set apart by their high level of detail that meets the ALTA standards. What Information Comes With an ALTA Survey? ALTA surveys include information such as boundary lines, easements, rights-of-way, and any other significant property features. These surveys also identify information on property access, encroachments, and any potential setbacks that may prevent improvements from being made. A licensed land surveyor is needed to conduct an ALTA survey, as they have the skills, technology, and expertise to provide this information. Who Might Need an ALTA Survey From a Land Surveyor Tulsa? Because ALTA surveys are such an integral part of many land-related projects, there are a variety of involved parties who might need the details provided by these surveys.
Buyers An ALTA survey is invaluable for real estate buyers, especially those involved in commercial transactions. It ensures the property is free from encroachments or easements that could affect its value or intended use. Through this survey, they gain a clear understanding of what they are purchasing, reducing the risk of unforeseen issues after the transaction is completed. Homeowners Homeowners planning to undertake significant improvements or expansions may also benefit from an ALTA survey. Knowing the exact boundaries and any potential encroachments or easements helps in planning safe construction and avoiding legal disputes with neighbors. Lenders Lenders often require ALTA surveys from a professional land surveyor Tulsa before approving a loan to purchase a property. These surveys help lenders assess the risks associated with the project to ensure that their investment will be worthwhile. Title Companies Title companies may use the information compiled from an ALTA survey to issue title insurance. This information allows them to assess the property’s risks and determine if the title insurance policy should be issued. Real Estate Attorneys Real estate attorneys may review a property’s ALTA survey during the due diligence process of a real estate transaction. The details of the survey can help the attorneys determine any potential legal issues related to the property, such as boundary disputes. Developers and Builders Because of their high level of detail and accuracy, ALTA surveys may be used by developers and builders during the planning and construction process. For example, the details from ALTA surveys can help these parties ensure that the planned improvements do not inadvertently encroach on neighboring properties. ALTA Surveying With Sisemore & Associates The accuracy of an ALTA survey can depend on the quality and experience of the surveyor conducting it. By partnering with a reputable surveying company like Sisemore & Associates, you can rest assured that the results will be high quality and meet your project’s needs. Our
team has over 25 years of experience in different types of surveying, including ALTA and topographical surveys, and our surveyors can help bring your project to success. We would love to partner with you for your surveying needs. Please contact us to get started.