NV5 is proud of its long history of supplying the commercial real estate industry with quality ALTA/NSPS (formerly ALTA/ACSM) Land Title Surveys in its standard survey format. Using our own licensed land surveyors as well as the services of our National Surveyors Network, we have the experience to get you the ALTA survey you need, when you need it.
Overview of ALTA Surveys
In the field of land surveying, the ALTA Survey is regarded as one of the most highly detailed products. Our esteemed client list, including members of Law Firms, Corporate Real Estate Departments, REITs, Banks, Lenders, Brokers and Title Companies, rely on our surveys to provide them with accurate information to assist in closing their transactions.
What is an ALTA Survey?
An ALTA Survey is a 2-dimensional representation and description of a piece of real estate inclusive of its features, boundaries, any improvements, easements, encroachments, and encumbrances. An ALTA Survey also indicates adjoining roadways, property access points, adjoining property information, and can include zoning classifications and flood zone designations.
Today’s real estate investors rely on the American Land Title Association’s and the National Society of Professional Surveyor’s Minimum Standard Detail Requirements for ALTA Surveys so that their ownership can be insured by title companies and consequently protected from any possible survey related claims. Because of the comprehensive nature of all that is reported, an ALTA Survey is the common tool that buyers, sellers, and service providers alike can use to be certain of the finer points of any commercial real estate transaction. ALTA Surveys remove mountains of guesswork and confusion from modern day commercial real estate transactions as they provide a good depiction of what is transpiring on the property.
When do you need an ALTA Survey?
An ALTA Survey is an essential tool for anyone involved in a commercial real estate transaction. It’s important that transaction parties are aware of a property’s boundaries, easements, encroachments, improvements, and other pertinent information. ALTA Surveys are typically required by lenders, title companies, and other stakeholders as they help avoid costly legal disputes and ensure compliance with regulations.
Why should I use NV5 Real Estate Transaction Services for my next ALTA Survey?
NV5 Real Estate Transaction Service has been in business for over 50 years and is the largest provider of ALTA Surveys across the country. We have an extremely experienced team that is focused on getting your ALTA Survey to you on time and at a great price. A key difference between us and our competitors is that we are surveyors ourselves. We provide free, no obligation quotes where we receive competing bids across our network of surveyors and our own self-performing surveying operations. We also require that all surveys use a standardized survey format to improve the consistency of where you find information across multiple surveys.
Can we use NV5 Real Estate Transaction Services for a single site transaction?
Definitely! We are known for handling multiple site portfolio transactions across multiple states, but the reality is that a significant portion of our business is comprised of single site projects.
How much does an ALTA Survey Cost?
The simple answer is: “It depends.” There are many variables that factor into how a surveyor arrives at a price for an ALTA Survey such as the size of the property, the number of improvements and easements on the property, optional survey requirements selected, accessibility, travel time, weather conditions, whether the surveyor has surveyed the property in the past, and how much work the surveyor currently has in their shop. Not all surveyors out there specialize in performing ALTA Surveys as they are very complex. Our survey operations and the surveyors that we’ve partnered with are ALTA Survey experts and have the experience to perform them extremely efficiently.
All the variables above are why it’s always a great idea to ask NV5 Real Estate Transaction Services for a free, no obligation quote to find you the best combination of price and timing.
Wouldn’t it be less expensive to go to the prior surveyor for my ALTA Survey?
Sometimes yes, sometimes no. Many of the surveyors we’ve partnered with value our relationship because we provide them with a steady stream of work and, as a result, provide us with preferred pricing. Many surveyors don’t necessarily enjoy all the administrative aspects of running a business. They know when dealing with us we will handle many of the customer questions, assist them in gathering the necessary documents, help keep the project organized, and handle many of the back-office functions. In addition, our process locates surveyors that need work. As discussed earlier, the amount of work a surveyor has in their shop may affect how they price a project.
At the end of the day, you have nothing to lose by receiving a free, no obligation quote from NV5 Real Estate Transaction Services.
For more information about ALTA surveys, view our NV5 Real Estate Transaction Surveys Handbook for ALTA/NSPS Land Title Surveys or contact us today.
