What does a survey provide in real estate?

A survey is a critical component in real estate as it provides a professional and precise measurement of lot lines and dimensions. This measurement is essential for determining the exact boundaries of a property, which helps to prevent disputes with neighboring property owners over where one property ends and another begins.

Additionally, surveys can identify any easements, encroachments, or improvements on the land, which are all vital considerations for potential buyers. This information ensures that buyers and sellers have a clear understanding of what is being bought or sold and that they are in compliance with local zoning laws and regulations.

While appraisals focus on the property’s value based on market conditions and comparable sales, and market analyses assess property values for potential sales, a survey specifically addresses the physical layout and boundaries of the property itself. Thus, it plays an integral role in the due diligence process during real estate transactions.