Read on for miscellaneous buyer issues regarding property surveys and referrals to other professionals
Surveys and ILCs:
The majority of land transactions in the state of Colorado close with a document known as an Improvement Location Certificate. An ILC locates improvements in relation to boundary/deed lines and assures title and mortgage companies that the property being purchased actually sits on the plot of land identified in the sales contract.
While an ILC is faster and less costly than a survey, a buyer must not rely on it. If you’re thinking to set a fence, install a deck, extend a driveway, put in a basketball court or make any improvement on the land, then you need to order a full survey. From a practical point of view, full pin surveys are rarely done on residential properties located in urban and suburban subdivisions.
Referrals to Other Professionals:
It’s not unusual to see a real estate transaction have as many as 25-30 people involved in one way or another. You may need input from attorneys, lenders, title insurance companies, appraisers, inspectors, insurance agents, contractors, engineers, surveyors or others.
While this can seem a little overwhelming on your own, you can rely on your agent to connect you to the right professionals when you need them. We make no money from doing so — we simply want you to get great service.
Referrals we give you are based on our own experience or on the experience of other clients or other agents who have been satisfied with the services of the referred firms or individuals. However, be forewarned that “individual results may vary” and “past performance is not a guarantee of future performance.”
We can’t guarantee that you will be happy with the people or firms we refer to you. We can only tell you that they have done a good job in the past for us or for others we trust. Don’t feel that you ‘have to’ use anyone that we refer to you. Simply use them as a starting point for your comparison shopping before making a decision.