What is a property survey?

A property survey is specifically a detailed map identifying property boundaries. It plays a crucial role in real estate transactions by accurately delineating the perimeter of a property and its dimensions, which helps in resolving disputes related to land ownership, easements, or encroachments.

The survey encompasses various aspects such as physical features of the land, existing structures, and any improvements made to the property. This precision allows owners and potential buyers to understand exactly what they are acquiring and ensures that no land rights are infringed upon by adjacent property owners.

In contrast, a legal contract between buyers and sellers is a different document that outlines the terms of a sale, while an estimated value of the property refers to the appraisal process that assesses its market value. A government inspection targets the physical condition and compliance of structures within the property but does not address property boundaries directly. Overall, the property survey is essential for providing clear and accurate information about a property’s boundaries.