What is the significance of a property survey?

A property survey is a critical tool in real estate that provides precise information regarding property boundaries and easements. Understanding the exact boundaries helps property owners and potential buyers know the limits of their land, which can influence development, landscaping, and legal use of the property. The survey details any easements that may grant third parties rights to use a portion of the property, such as access roads or utility lines, which can significantly affect the property's usability and value.

The other options, while related to property assessments or ownership, do not accurately describe the primary function of a property survey. The market value determination is typically conducted through appraisals rather than surveys. Evaluating the condition of a property is more closely associated with home inspections, and listing registered property owners pertains to title searches. All these functions are essential but fall outside the scope of what a property survey specifically provides.