We understand how frustrating it can be to search for a home in Austin. Half the battle is learning the key terms and what they mean in regards to Texas real estate. So each week we bring you Key Term Tuesday – our way of helping you decode the industry jargon that keeps you from owning your home search.
What is a Legal Description?
When buying and selling real estate, one of the most important – yet overlooked – factors is how a property can be referred to in official documents. A legal description is the proper way to identify and describe the property. It is generally accepted by all parties governing a real estate transaction.
There are four types of legal descriptions used on the United States: lot & block numbers, metes and bounds, government land survey and monuments.
Most of our clients in Austin, Texas will use the lot and block number system. This is common subdivisions and urban areas where each parcel of land is registered using assigned lot and block numbers. These are mapped and recorded with the County Recorder and Assessor’s office.
Looking for a Real Estate Expert?
Our team has a combined 55+ years of experience helping home buyers understand the residential real estate market. Check out our approach to Buying a Home in Austin to learn more about our team and how we work. Then, call us at (512) 827-8323 or email us at info@11OaksRealty.com to schedule a no obligation consultation.