As if appraisal delays were not enough, you can add survey delays to the list of items to keep an eye on.
Typically we find that title companies don't order the survey until the appraisal is completed. Right now with the market being as busy as its ever been, we are seeing some slowed turnaround times for appraisals.
With the appraisals taking longer the surveys are getting ordered later, and survey companies are experiencing the same amount of volume as appraisers, which can mean longer turn times at that stage as well. So what can you do ? Watch this video and I'll tell you!
The key is to talk to your title company who will be ordering the survey, and ask them what their current turn time is. If it doesn't align with your timeline for closing, ask them if you can pre-pay for the survey and have them order it now.
You will be charged at closing for the survey anyway, so doing this a little early will often allow the title company to go ahead and order the survey without waiting on the appraisal, and thus save you from having to wait!
I hope this helps to ease your mind if you are worried about closing on time due to survey delays.
If you have questions on your survey, or any other mortgage questions we are here to help!
Give us a call 239-437-4278 or my cell 239-910-5668
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Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.
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