So What Is Real Estate?
Real estate is a legal term that deals with land along with anything permanently affixed to the land such as buildings and houses. It is often synonymous with real property and in contrast with personal property. For technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, and from real property it refers to ownership rights over real estate. The term real estate and real property are used primarily in common law while civil law jurisdictions refer instead to immovable property.
In law, the word real means relating to a thing as distinguished from a person. The law broadly distinguishes between real property and personal property. The conceptual difference was between immovable properties, which would transfer title along with the land, and movable property, which a person would retain title to.
In development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each extended area of land has unique characteristics, so the real estate industry has evolved into several distinct fields. There are some kinds of real estate businesses which include Appraisal, Brokerages, Development, Property management, Real Estate Marketing, Relocation services.
Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property.
“Internal Real Estate” is a term used by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Many internet companies uses the address of properties as domain names.
In recent years, many economists have recognized that the lack of effective real estate laws can be a major barrier to investment in many countries. In most societies, whether rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to puchase and improve their land and buildings is a mortgage loan. It is a bank loan for which the real property itself constitutes collateral. The banks are willing to make such loans at low rates because, if the borrower does not make payments, the lender can forclose by filing a court action that lets them take back the property and sell it to get their money back.
In law, the word real means relating to a thing as distinguished from a person. The law broadly distinguishes between real property and personal property. The conceptual difference was between immovable properties, which would transfer title along with the land, and movable property, which a person would retain title to.
In development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each extended area of land has unique characteristics, so the real estate industry has evolved into several distinct fields. There are some kinds of real estate businesses which include Appraisal, Brokerages, Development, Property management, Real Estate Marketing, Relocation services.
Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property.
“Internal Real Estate” is a term used by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Many internet companies uses the address of properties as domain names.
In recent years, many economists have recognized that the lack of effective real estate laws can be a major barrier to investment in many countries. In most societies, whether rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to puchase and improve their land and buildings is a mortgage loan. It is a bank loan for which the real property itself constitutes collateral. The banks are willing to make such loans at low rates because, if the borrower does not make payments, the lender can forclose by filing a court action that lets them take back the property and sell it to get their money back.
posted by realestatevegas | 6:48 AM
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