What is meant by real estate ? |
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DarenBresnen
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In simple words, you can say, "Real Estate" refers to immovable property. It includes lands, buildings on it and also includes crops, minerals etc.
More generally, it refers to buildings and housing in general. People are doing real estate business as well, which is quite poplar.
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Fri Sep 07, 2012 11:18 am |
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jhon6
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Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing
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Mon Oct 29, 2012 1:56 pm |
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AbijahAlice
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How do you start a real estate holding company and a real estate development company, can I combine the 2?
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Thu Nov 01, 2012 7:26 am |
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braje
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quote: Originally posted by AbijahAlice How do you start a real estate holding company and a real estate development company, can I combine the 2?
AbijahAlice You should start a new thread.
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Thu Nov 01, 2012 7:58 pm |
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TurnbullKaia
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Real estate covers many ventures. Real estate is property that doesn't move and is not portable. It's not shipped or picked up. It's called real because it stays where it is and someone decided that was a good word for it not being movable and the land it's on is an estate. There is a subject in finance called real estate finance. Because real estate is expensive, it's similar to banking and requires a finance disciple to acquire the capitol to invest in real estate, short of being a rock star who happens to wants a 5 million dollar home. Generally a business would need investors to open a small 5 million dollar inn and much more to open a large office building, shopping mall etc.It has nothing to do with selling a house as a sales agent.
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Thu Dec 06, 2012 8:02 am |
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Dodger52
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There are a lot of replies here, and they are mostly close to correct. Different countries may define Real Estate differently, but in the US Real Estate is the bundle of rights associated with a piece of real property (dirt, buildings etc.). We do not actually own the real property, we own the rights to the real property. Some of the rights may still be held by other parties; for instance it is common to buy real estate that does not include mineral rights, or in a condo situation you may buy the real estate (most of the rights) but may not have the right to rent the property.
It may seem like a minor difference in definition, but when investing it is important to understand that "real property" is not owned by anyone, only the rights to real property are owned. That is why we define the difference between personal and real property. You own your car (its personal property), its yours to do with what you want, with real property you may only own some of the rights, you can not necessarily do anything you want with it. Strangely most people that own real estate do not understand that they don't own the dirt, only the right to use it.
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Fri Dec 07, 2012 8:49 pm |
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Maxwell01
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Thanks for adding to my knowledge.
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Fri Dec 28, 2012 10:47 am |
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CameronGreig
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What is the difference between Real Estate tax and regular tax on a house?
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Mon Feb 04, 2013 5:28 am |
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gabriella
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Definition on Wikipedia,
Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.
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Fri Mar 15, 2013 7:21 am |
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