Who pays for the survey?

Dear George: I'm in the process of buying a house. Who pays for the survey? The contract is confusing to me.

Answer: Let's assume the contract you refer to is the Texas Real Estate Commission One To Four Family Residential Contract (Resale), which is the contract most people use when buying and selling existing residential property. The party responsible for paying for the survey depends on which of three boxes is checked in Section 6C, Survey. The first selection indicates the seller will provide an existing survey or the buyer will obtain a new one at the seller's expense, given certain conditions. The second one says that the buyer will obtain and pay for a new survey. The third choice indicates that the seller will obtain and pay for a new survey. One of those boxes should be checked, depending on what you and the seller agreed upon.

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Comments (3)

my colleague needed to fill out form name a few days ago and learned about a great service that has a ton of fillable forms . If you want 2006 TREC 20-7 also , here's a
Posted By : Zel Ilano
Yes, Mimi, you are correct in that the survey is reuired by the lender and is, therefore, typically a buyer's cost. However, it is not always a buyer's cost. Whatever arrangement the seller and the buyer have agreed to in Paragraph 6C controls who deliver
Posted By : George Stephens
It's my understanding that the survey is required by the lender so customarily it's a buyer's cost.
Posted By : Mimi Kwan
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.

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