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Mortgage Surveys & Profitability

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holy-cow
(@holy-cow)
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Another non-survey item is the.................

I have completed a handful of "no-start" certificates. They are another item that a surveyor can sign and make money. The basic idea is that you, Mr. Surveyor, are a disinterested third party to what is going on. What is going to happen is that someone will be borrowing money to erect something (house, shed, office) and the lender wants to be certain that no one else has a prior potential to put a lien on the property ahead of them. So, you, Mr. Surveyor, arrive at the designated property and look all around. Are there piles of lumber, concrete, steel, shingles, etc. setting there just waiting to be turned into something? No? Then you sign the form stating that you were onsite on such and such a date at such and such a time and you did not see any such items onsite.


 
Posted : March 12, 2014 5:59 pm
said-lot
(@said-lot)
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Sorry Derek

It was just a matter of time before this topic got to a disputed John Ruskin quote.


 
Posted : March 12, 2014 6:01 pm
ScaledStatePlane
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Another non-survey item is the.................

This is a new one on me! I think I found my calling... www.emptylotsurveys.com Gonna go register the domain name now.


 
Posted : March 12, 2014 6:02 pm
james-fleming
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Sorry Derek

I nearby claim this inevitability as "Fleming's Law"

A corollary to Godwin's Law. http://en.wikipedia.org/wiki/Godwi n's_law


 
Posted : March 12, 2014 6:09 pm
Bob Port
(@pls-2)
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As stated above, it's an issue of supply and demand.

As long as there are surveyors who are not busy and few surveys to be done,
the fees will be low.

The only way that the business model works,
is if you can do many of these surveys every day.

Going out to do one location certificate for $255
won't be making any profit

I just filled my tank this afternoon
coat me $138


 
Posted : March 12, 2014 8:32 pm

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