It may take a while till you come across a property which you loved and want to purchase. However, it is vital that you get the property surveyed and often deciding which kind of survey you should get can get mindboggling.
After you had the property surveyed, you might be wondering how long it will take till you get the report back. This depends on which survey you have gotten. This article will outline how long the survey process takes and what you should do once the results are back.
How long does a HomeBuyers Survey take?
A HomeBuyers Survey report can take anywhere between an hour and a half to four hours to complete.
How long does a Building Survey take?
A full Building Survey usually takes longer as it is more detailed than the other property surveys. You should expect that it may take up to 8 hours to complete a Building Survey.
What will happen after a property has been surveyed?
It may take a while for the surveyor to write up the report. You will have to wait through this period. The surveyor should take you through his report once it has been written up.
How long will it take to get back the property survey report?
You should get the report back in a matter of days. However, the exact time will vary from one surveyor to another. Whilst some surveyor may even call you up after the survey to discuss some findings, others may require you to wait till the full report is written up.
The amount of time it will take to get back the property survey report also varies depending on which kind of survey you have gotten. It may take between 3 to 5 day till you get back a HomeBuyers Survey Report. Whereas, a Building Survey report may take up to 8 days.
What should you do once you get the results back?
Whence you get the report back, you will have to decide whether you want to move forward with purchasing the property. You should note that you are not legally bound to purchase the property till the exchanging of contracts.
The report could come back that the property is tip-top, in which case you do not have any issues. However, if the report comes back, highlight significant issues with the property, then you can either back out of the deal, request the seller to fix the issues, or renegotiate the price. Take a look at our article on what to do after a bad property survey.
It is also normal for a surveyor, in some cases, to recommend you to see a specialist if there is some concern with a particular part of the property.