MasseyFerg231
Silver Member
- Joined
- Jun 15, 2021
- Messages
- 141
- Tractor
- Massey Ferguson 231 w/232 FEL
Our place is 5.5 acres wit house /barn. It’s a cost for us. Lender did not require suvey. We insisted. Seller paid $4,500. Glad we insisted. One of our fences is directly on the line. Pool is on the setback. Nice to know going into it.When my father bought this 80 acres in 1939 - he accepted the 1892 government meets/bounds survey. Since that time the land around me has changed hands a few times. Three of my four property corners have been re-established by modern day surveys.
Surprisingly - the old government surveys were spot on - plus or minus six inches.
The fourth corner - the SW corner - is out in the middle of a big lake. Nobody, including me, gives much of a hoot about having that corner surveyed.
One step even further, Jstpssng. How can a lending institution lend that kind of money without knowing things are "kosher". That's your and my money and one "sloppy" loan could put those funds in jeopardy for a good long time.
I have done lots of work on seven figure properties with zero setback. You have to account for thickness of exterior wall finishes. We had one where the chimney on the house next door encroached 3” onto our site at the top.