In addition to the buildings and the land is the air rights above the land and the underground rights which qualify in the real estate. Real estate is made up of four different categories in the sector. Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non -business purposes. Even though a dwelling unit shares one or more walls with another dwelling unit is a single family residence provided it has direct access to a street and does not share heating facilities, hot water equipment, or any other essential facility with the other dwelling unit. An advantage is that it offers more privacy as compared to other housing units. He can repaint or remodel the house without interfering or disturbing others. He or she needs to maintain the lifestyle he decides to go with.
Manufacturing and processing buildings with the inclusion of warehouses is what is contained in the industrial real estate. However there’s a difference through the construction layout and how the sales are handled. So medical, educational buildings, shopping centers, strip malls, hotels and offices are included as commercial real estate. They are designed to produce income thus are for business purposes. The finally category is land that includes vacant land, working farms and ranches. Ranching is the practice of raising grazing livestock such as cattle, sheep for meat or wool. It may also include arable and irrigated land for farming.
However since there is an aspect of buying and selling the agent can specialize to either of them. Buyer agents find a property that suits your liking as they are conversant with local market at the same time compare the prices. In addition they negotiate on your behalf and are … Read More..Read More →