It’s not uncommon for real estate transactions to include site surveys. These are often used to determine where a land parcel’s exact boundary lines are so it can be accurately valued. However, when a transaction involves commercial real estate, a lender or title company may require more than the typical boundary survey.

According to the professionals at McCarty Associates in Hillsboro, OH, this is when ALTA surveys are frequently performed. The company has extensive knowledge of the standards set forth for land title surveys and advises when it might be necessary to fulfill your obligations to a lender or title insurer by having an ALTA survey completed.

Commercial properties can be particularly complex when it comes to surveying issues. To gain a better understanding of the potential risks involved in a commercial real estate investment, lenders and title insurance companies may request a buyer to obtain an ALTA survey.

These surveys will go into detail about a property’s boundaries, easements, right of ways, improvements, zoning classification, and means of access. Because it is designed to be a comprehensive survey, it will uncover more details than a title search and expose any adverse claims that can pose a problem to the transaction.

ALTA surveys will protect the interests of a buyer, lender, and title insurer by revealing any disputes that may affect property ownership. This is why they are commonly required when purchasing commercial real estate. Contact McCarty Associates at (937) 393-9971, or visit them online for a full list of surveying services offered.