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Survey
A professional measurement and mapping of a property's boundaries, easements, and improvements, used to confirm legal description accuracy.
In depth
A boundary survey identifies property corners, lot lines, and improvements relative to those lines. Title companies often require a survey before issuing certain title insurance endorsements. Mortgage lenders may require an ALTA/NSPS survey for commercial deals. Misconception: a survey does not always require physical staking; some title companies accept existing surveys with affidavits of no change. Practically, FSBO and seller-financed transactions often skip the formal survey, relying on the legal description from the deed. However, when boundary disputes, fence encroachments, or new construction is involved, a fresh survey ($400 to $1,500) prevents costly errors. Surveys also reveal undisclosed easements, setback violations, and access issues. Buyers planning to build or fence should always survey before closing.
Educational content only. Definitions reflect typical usage in US owner-finance and FSBO transactions; statutes and case law vary by state. Consult a licensed real-estate attorney for fact-specific guidance.