Quick Answer: What is point of beginning in real estate?

Definition: the starting point in a metes-and-bounds description of property; usually a street intersection or a specific monument. Pronunciation: Used in a Sentence: A legal description must always return to the point of beginning to describe the area accurately.

What is the difference between the point of commencement POC and the point of beginning POB in a legal description?

A metes-and-bounds land description always begins and ends at a point of beginning (POB). The point of beginning is also referred to as the point of commencement (POC). From the point of beginning, the border of the property is described until the point of beginning is reached again.

What does POB mean on a survey?

POB – Point of Beginning.

Which legal description will likely include the phrase point of beginning?

In a metes and bounds legal description, one would designate the starting point, also known as the POB, or the “point of beginning.” For example, you might begin at the southwest corner of the southeast fourth of Section 32, T1N and go a certain number of feet to a particular degree.

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What is the starting point called in a metes and bounds description?

A metes and bounds legal description starts from a point of beginning (POB). After the POB, the legal description traces the outline of the property’s boundary lines until there is closure in the legal description.

What is a Poe in real estate?

In a metes and bounds survey, the location of the starting point is referred to as the Point of Beginning or POB, which should be exactly the same as the Point of Ending or POE.

What does Poe mean in real estate?

Real Estate Acronyms – Alphabet Soup

ABR Accredited Buyer Representative, a certification of NAR for buyer representation
POE Point of Entry, a status within NRDS allowing data entry to certain fields in membership records

How do you mark property corners?

Property boundaries are often identified above ground with the use of stakes to mark the corner points. Years ago, wooden stakes were often used to mark property lines. More recently, long metal posts that are visible about 1 to 2 feet above ground have been used.

How do you determine property lines?

Find your property line by visiting your local county recorder or assessor’s office. You can access public maps of your street and locate your boundaries. Many counties also let you access property lines online. If your property is on platted land, you may be able to access the plat maps online.

What kind of markers do surveyors use?

The three most commonly used markings are the simple stakes, flags and pins. These surveyor symbols are common to any construction project and guarantee that everything gets put in the right place.

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Under what circumstances does a legal land description not return to its point of beginning POB?

A legal description that does not return to the point of beginning (POB) is defective.

What does datum mean in real estate?

For instance, condominiums located on upper floors or lower floors may be described in reference to a datum, which is a point, line, or surface from which elevations are measured.

What is datum in real estate?

A horizontal line from which heights and depths are measured. Varies with the area but is usually set forth in the local building code.

Which type of deed is used in foreclosures?

Bargain and sale deed

This type of deed is typically used for properties in foreclosures or tax sales. There are no guarantees that the property or land in question is without encumbrances or defects.

What are examples of metes and bounds?

Metes and bounds are the limits or boundaries of a piece of property as identified by its natural landmarks. Examples of metes and bounds landmarks include rivers, roads, stakes, or other such natural or manmade markers.

What does Benchmark mean in real estate?

Real estate benchmarking is the standard of measurement used to analyze the financial characteristics of a real estate investment property. In the general sense, real estate benchmarking refers to the comparison of potential real estate investment properties against a predetermined framework of measurement.