The costs to close on a Spring Texas house are significant easily totaling several thousand dollars. Due to the magnitude of the closing costs, it is easy to understand why buyers are looking at every way possible to save money. One way you can save money is by using the sellers existing survey. How much can you save? Around $300 to $500 which is how much it will cost if you have to get a new survey for the house.
Both your lender and the title company have to agree to accept the sellers existing survey and the majority of time they will. But the majority of the time is not all of the time. Thus there are instances in which you will not be able to use the existing survey the seller has of his Spring Texas house.
The sellers existing survey may not be accepted if:
Bottom line – don’t get excited when you hear the sellers have an existing survey for the house because it doesn’t always work out that you will get to use it.
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