Knowledebase Tag: Survey
- If sellers want to use an existing survey, which date should be listed in Paragraph 4 of the T-47 Residential Real Property Affidavit (TXR 1907)?
- My client has a contract to purchase a home. The One to Four Family Residential Contract has Paragraph 6C(1) checked regarding the survey, with the buyer agreeing to pay for a new survey if the existing survey is not approved by the title company or the buyer’s lender. The seller’s agent just told me that the seller can’t find his existing survey, so my buyer will have to pay for a new survey. Is this right?
- A buyer and a seller agree that the seller will pay for the survey under Paragraph 6C(1) of the TREC contract. They also agree that the seller will pay up to $2,000 of the buyer’s expenses under Paragraph 12A(1)(b). Does the cost of the survey fall within that $2,000, or will the seller pay the cost of the survey in addition to the $2,000?
- Now that both the Farm and Ranch sales contract and the One to Four Family Residential Contract (Resale) sales contract require the TREC Addendum for Reservation of Oil, Gas and Other Minerals if a seller wants to reserve a mineral interest, can I use the One to Four Family Residential Contract (Resale) form for the sale of a 15-acre tract that has a home on it and is located just outside of town?
