A property survey is conducted during the buying process. It is utilized by title companies and mortgage lenders to determine the legal boundaries and provide the legal description of the property. A survey can reveal the exact dimensions, size and location of the property and can indicate changes made to the property; such as new structures or changes to the property. The survey helps determine the boundaries between neighbor and can reveal any encroachments. If encroachments are found, the Buyer could demand they be corrected before closing title. Usually, the Buyer’s attorney will order the survey in cooperation with the title company. The survey is the last item to be ordered because all other contingencies must be met before the survey can be completed.
