I’m just going come right out and say this as clear as I can…if you are not exacttly sure of the boundary lines and the location of all improvements including those tanks buried under ground on a piece of property you are preparing to purchase, hire a surveyor.
One of the most common problems in a real estate transaction discovered after the sale is a boundary line issue. In almost every case that I have seen a new survey would have revealed the problem.
Most commonly it is a driveway or fence that inches over onto a neighbors land. In a more extreme case a home buyer built a home on a lot in a new home community. All the legal work including their ownership deed and mortgage referenced the purchase of a different lot the builder owned. As a result, they owned a very expensive house built on a piece of real estate they did not legally own. The mistake was discovered years later when they decided to sell and it is a title mess. Along with the fact that you must get the person who owns the land your home is on to agree to sell it to you.
Many buyers rely on tax maps, subdivision plats, plot plans, concrete markers, flags, iron pins , natural barriers and a number of other monuments to identify boundaries. In most cases these identifiers are accurate. But the most accurate is a new survey at the time of purchase.
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