TL;DR: ALTA surveying Oklahoma protects your CRE transaction by giving lenders, title companies, and buyers a complete, standardized picture of the property—catching boundary disputes, encroachments, and undisclosed easements before they threaten your closing.
ALTA surveying matters for your CRE transaction because it’s often the exact due diligence document your lender, title company, or insurer requires before releasing funds—without it, your transaction can stall at the finish line. When purchasing, selling, or refinancing commercial real estate, it is essential to conduct thorough research to ensure that the transaction is worthwhile for all parties involved. If one such entity is a title insurance company, bank, or other lender, partnering with an experienced technician for ALTA surveying Oklahoma services may become a necessary part of the due diligence process.
What Do ALTA Surveying Tulsa Services Involve?
During ALTA surveys, technicians combine elements of boundary, title, and location surveys to provide a highly detailed land parcel map. Within this completed survey, the technician will note all important and notable aspects of the insured estate, including its corners and boundaries, improvements, utilities, easements, and exceptions. The survey may also mark flood zones, zoning restrictions, and any additional significant observations.
ALTA Surveying Oklahoma and CRE Transactions
Many commercial real estate transactions are significant; as such, you may seek out a loan before purchasing or refinancing a property. To receive these funds from a title company, commercial lender, or other lending entity, you will need to show that your loan is a worthwhile investment by completing the steps required in the transactional due diligence process. Part of this will involve looking for a “surveying company near me.”
While boundary, title, and location surveys provide high levels of helpful information on their own, your lender will require a survey that provides data beyond what is involved in each of these surveys. As such, you will be asked to provide the information from an ALTA surveying Oklahoma—a highly precise study of the land that follows guidelines established by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS).
What Do ALTA Surveys Show Your Lender?
The results of your ALTA survey will show your lender if the loan is worthwhile because it will raise awareness of any potential issues before they become costly disputes. Through careful examination of all documentation and in-person observations of the property, the ALTA surveying Tulsa technician will:
- Raise awareness of potential boundary disputes.
- Find and describe the location of encroachments.
- Locate easements not found in the public record.
- Determine the existence of other such situations.
Discovering the existence of these critical discrepancies is beneficial to both you and the potential lender because:
- The title insurance company or commercial lender will receive key information that informs their decision regarding whether to provide the loan.
- An individual seeking a loan to purchase a property will learn about any issues that should be resolved before they become costly disputes.
While these services are most closely associated with loans, ALTA surveys can also be useful if you are selling a commercial property. Because the results are highly detailed, you will have a good record to compare against the surveys that potential buyers provide.
Frequently Asked Questions
Why would my lender require an ALTA survey instead of a standard survey?
Lenders and title companies rely on ALTA surveys because they combine boundary, title, and location data into one document, giving them a complete picture of risk before funding a commercial transaction.
What happens if an ALTA survey finds an encroachment or easement issue?
The lender and title company will use that information to decide how to proceed—that might mean requiring the issue to be resolved before closing, adjusting the loan terms, or adding an exception to the title policy.
Can an ALTA survey help me if I’m selling, not buying, commercial property?
Yes. A current ALTA survey gives you a detailed, documented record of your property that you can compare against any survey a potential buyer provides.
Do I need a new ALTA survey for every transaction, even if one was done before?
Often, yes. Lenders typically want a survey that reflects current site conditions, so an outdated ALTA survey may need to be updated before closing.
Key Takeaways
- ALTA surveys combine boundary, title, and location survey data into one highly detailed property map.
- Lenders, title companies, and other lending entities often require ALTA results as part of due diligence before funding a CRE purchase or refinance.
- The survey flags potential boundary disputes, encroachments, and undisclosed easements before they become costly problems.
- ALTA surveys are also useful when selling commercial property, giving you a benchmark to compare against a buyer’s own survey.
Looking for a Surveying Company Near Me?
At Sisemore & Associates, our experienced team of technicians specializes in conducting surveys with a high degree of accuracy. Please contact us if you are interested in an ALTA survey for your commercial real estate transaction in the Tulsa metropolitan area.