Real Estate Term
Survey
A document showing the boundaries, dimensions, and location of structures on a property.
What is Survey?
A survey is a document, prepared by a licensed surveyor, that shows a property's exact boundaries, the location of buildings, and any easements or encroachments. Lenders may require an up-to-date survey before closing, and it can reveal issues like a fence or structure crossing a property line. Title insurance is sometimes used in place of a new survey to address these risks.
Frequently asked questions
Related terms
TitleLegal ownership of a property.Title InsuranceInsurance that protects against losses from defects in title or ownership.DeedA legal document that transfers ownership of real property from one party to another.ClosingThe final step in a real estate transaction where ownership transfers from seller to buyer.MortgageA loan used to purchase real estate, with the property serving as collateral.
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