In this book you will learn what exactly it means to invest in real
estate. If you are new in this industry, this will give you a great insight
of how this kind of investment really works.
You will also learn the basics of real estate
- Definition of real estate
- Real estate investing
- A real estate investor
You can't invest in an industry that you don't know about. For this
reason, you have to familiarize yourself with real estate before even
thinking about any investments.
Real estate is a term used in legal circles to refer to any piece of land.
It also refers to all the developments done on the land. This includes
all the building and the fencing around the land. If there are any other
developments on the land such as boreholes or water wells they are
also included as part of the real estate.
However, if there are any developments on the land that are movable,
they won't be considered as part of the real estate. This is because,
when the immovable parts of the land are considered as part of it. If
you sell or buy the land, you will get these parts.
However, the movable fixtures can be considered as property of the
current owner. They can be sold or removed from the land at any
given time.
Real estate is governed by a set of laws called Real estate laws. The
laws govern all the Real estate. They govern aspects such as
jurisdiction, purchasing and development of land.
Real estate is mainly categorized into two main divisions. There is
commercial and residential real estate. Commercial real estate
basically refers to the financial aspect or business aspect of real
estate. It entails the buying and selling of real estate for a variety of
purposes.
Under this division of real estate, there are a number of professionals.
For instance, to establish the worth of the land, there is the appraiser.
There is also a broker who assists in the price negotiation between the
buyer and the seller. In some instances, there is the agent who helps
in the buying and selling. This agent helps both parties in that, he
helps the buyer to find property for sell. On the other hand, he helps
the sellers to find buyers. These agents are normally licensed and in
most cases are paid on commission basis. In place of an agent, a
marketer may be put in charge
In this division land may be constantly developed so at to increase its
value in the markets .For this purpose, there are land developers.
There are also property managers who are normally in charge of
managing property on behalf of an owner. They have to ensure that
the property is well kept at all times.
Residential real estate normally refers to property that has been set
aside for occupancy. There are many types of such properties that fall
under this division. These include condominiums, apartments, family
homes and town houses.
The above photo shows a picture of a beautiful house which is
considered as real estate. This can either be a residential or
commercial property investment. Someone may decide to occupy the
house or rent it out.