Escrow & Title
In West Virginia, the purpose of a survey in a real estate transaction is to:
ADetermine the property's market value
BIdentify the exact boundaries, improvements, encroachments, and easements of the property✓ Correct
CEstablish the property's assessed value for tax purposes
DCertify the property is free of environmental contamination
Explanation
A survey performed by a licensed land surveyor establishes the exact boundaries of the property, locates improvements, identifies easements and encroachments, and provides a legal description. Lenders often require a survey before closing.
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