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Typically, a real estate investor first enters into a contract to purchase a property and then subsequently (before closing the purchase) enters into a contract to sell the property (hopefully for a higher price). The investor then utilizes a double closing to close both transactions at approximately the same time. [1]
A unit of real estate or immovable property is limited by a legal boundary (sometimes also referred to as a property line, lot line or bounds). The boundary (in Latin: limes ) may appear as a discontinuation in the terrain: a ditch, a bank, a hedge, a wall, or similar, but essentially, a legal boundary is a conceptual entity, a social construct ...
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.
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Neighborhood developers may create setback lines (usually defined in Covenants & Restrictions, and set forth in official neighborhood maps) to ensure uniform appearance in the neighborhood and prevent houses from crowding adjacent structures or streets. In some cases, building ahead of a setback line may be permitted through special approval.
An overhead line crossing is the crossing of an obstacle—such as a traffic route, a river, a valley or a strait—by an overhead power line.The style of crossing depends on the local conditions and regulations at the time the power line is constructed.
Survey stakes are markers surveyors use in surveying projects to prepare job sites, mark out property boundaries, and provide information about claims on natural resources like timber and minerals. The stakes can be made from wood, metal, plastic, and other materials and typically come in a range of sizes and colors for different purposes.
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