I am paying cash for my property. Do I need a survey and title insurance?
I am paying cash for my property. Do I need a survey and title insurance? | EquiTrust Title Company | Brian J. Ditthardt | http://www.equitrust-title.com/ | (850) 845-0233 | 42 Business Center Drive, #106, Miramar Beach, Florida 32550
Absolutely, highly recommended. Whether you're paying cash or getting a loan. The purchase of a home is probably one of the bigger investments you'll make in your life. So the title insurance is basically insuring that investment. But the survey, what is the survey? Think of the survey as a drone going over your property and taking a picture of it. It shows where your home rests on the property, the driveway, whether there are any encroachments on or beyond your property. So most people don't know that the title insurance without a survey makes exceptions for any and all survey exceptions. By getting a survey those exceptions are removed. Don't be penny wise and pound foolish. Spend the money on a survey and title insurance.