There are many different terms in the real estate field which can be confusing. If you have always wondered what the different terms meant but were afraid to ask, this article is for you.
- Real Estate. The term real estate is used often. Basically, real estate refers to land or anything on the land. It can refer to the buildings such as homes or garages that are on the land. It can also refer to undeveloped land as well as developed land. Offices, retail stores, and even factories are real estate.
- Real Estate Investment. A real estate investment is when someone purchases a home or property in order to re-sell it for a profit. These types of investments can be slightly more volatile than other investments depending upon the pricing values of property and the market. In some cases, it may be necessary to borrow the funds in order to make an investment. However, because the housing market is tangible, obtaining a loan is typically an easy process. Quite a bit of wealth can be made or lost by investing in real estate.
- Realtor. A Realtor is a professional that can help you to buy or sell a home. A realtor is important because he or she can offer you impartial advice based upon their experience in the field. A realtor is sometimes called "an agent", or "real estate agent". Agents or realtors may also help owners to rent their properties.
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