A gentleman I helped buy a house in Evanston a few years ago called me recently. He was refinancing and meeting with the appraiser who had asked to see his plat of survey. A plat of survey shows the boundaries of a property and where improvements (e.g. buildings) are located on the property.
Richard couldn’t find a plat of survey and left me a voicemail asking if he had one. I explained that since he bought a house, the seller was required to provide one and that he reviewed it with his attorney at the closing.
Unfortunately, it’s all too easy for all or part the huge stack of closing papers to get lost during a move from one home to another. However, misplacing those papers can cost you time and possibly money. Even though your real estate attorney probably has copies, they could be archived in a storage facility and may take days to get to. Keep all of your closing papers in one place, make sure they are appropriately labeled and don’t let them get lost during a move!
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
