Why is a property survey important in title transactions?

A property survey is crucial in title transactions primarily because it ensures the accuracy of property boundaries. Establishing clear and precise boundaries helps to prevent disputes between neighboring properties and is essential for verifying what is being bought or sold. A survey outlines the exact dimensions and location of the property lines, including any easements, encroachments, or other property features that may not be evident without a thorough examination.

In the context of title transactions, having an accurate survey helps the title agent or producer confirm that the title being transferred reflects the true extent of the property being purchased. Any discrepancies between the survey and existing title records can reveal potential issues that need addressing prior to the closing of the transaction.

While property values, tax assessments, and tenant agreements may be related considerations in various real estate dealings, they do not directly correlate with the fundamental purpose of a survey in establishing the accurate boundaries of the property. The key focus of a property survey remains its role in delineating the precise limits of ownership and ensuring clear title.