Before you investigate whether you need a survey for a home in Ontario, it’s important to understand what a survey includes. A house survey conducted by a professional surveyor details a property’s boundaries, any properties or structures and the measurement.
Do you need a survey to sell a house in Ontario?
In Ontario, you do not need a survey to sell a house, however, if you do have a survey, it can be very helpful. A survey will offer a clear picture of the property and aid in the sale of the home.
What a survey provides
- Defining property limits
- Accurate land measurements
- Physical features and improvement to the property
- Easements and right of way
- Topographical features
- Natural landscapes
- Utilities, services and underground lines
- Public and private utilities
The survey – from a buyer’s view
If you are purchasing a property, a recent survey can be incredibly impactful. It provides boundaries of the property and avoids any potential issues. A current survey can make the property more attractive and help with the sale.
Impact on the real estate view
- Possessing a survey can influence the real estate transaction.
- Provide a solid foundation for pricing discussion as you have the property size.
- An accurate survey will avoid disputes regarding property boundaries for both the buyer and seller.
When is a survey crucial?
- If boundaries are unclear, a survey can clarify the limits.
- Properties with irregular shapes – a survey will give you a clear understanding of the property boundaries.
- In some cases, title insurance can substitute for a survey.
- A buyer may choose to have a survey before finalizing the purchase.
What should you do?
While it is not a legal requirement to have a home survey to sell your house in Ontario, the idea of providing one should be considered. It can add value to the transaction and provide clarity for both the buyer and seller. If you are selling your home and you may have potential challenges with the property, you may consider a survey. As a buyer, requesting a survey is a step to consider for a secure and informed decision.
If you are thinking of buying or selling and you have questions about real estate, please contact our Anne Winch Real Estate Team to help you with any of your real estate needs.