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Real Estate – A Valuable Asset Or Not?

Real estate is real property consisting of the structures and land on it, and its accompanying natural resources like water, crops or wood; immovable property of that kind; a right vested in it, buildings, houses or the land in general. The usual law of real estate does not apply to these cases and they are governed by their own principles. In cases where the nature of the real estate to be handled does not conform to the normal norms of the contract, then the nature of the real estate itself regulates the negotiation and ownership rights of the parties involved. This involves the availing of the property for either personal use business use, or investment purposes.

There are different types of real estate including the single-family homes, condominiums, townhouses, apartments, industrial lands, agricultural lands, etc. The real estate agent is the person responsible for exploring and presenting the various types of real properties to the prospective buyers. They represent the seller and the buyer and facilitate an easy transaction by facilitating the transfer of land or real property from one party to another. In the process, they also protect the interest of both the parties in case of any disputes. This is the reason why a real estate agent plays a crucial role.

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Residential real estate deals generally include single-family homes, condominiums, townhouses, apartments, office complexes, corporate real estate, industrial lands, farmlands, foreclosures, secondary schools, etc., while commercial real estate deals include offices, warehouses, franchises, manufacturing plants, manufacturing units, shipping ports, petrochemical plants, oil refineries, etc., which may not include the housing market.

These types of real estate also cover the real estate market in the metropolitan cities, where large projects have been constructed such as office complexes and malls. The economic characteristics of real estate vary in accordance with location and usability. In the dense city, residential homes are more expensive than those located in the countryside or in the suburbs.