Land and the various property that are located on them are referred to as real estate. Some of the examples of structures or property that are usually located on a land include the roads, buildings, natural resources such as minerals and even crops. The profession of purchasing, selling or even renting out land or any structure is defined as real estate.
This chapter will try given examples of the four types of real estate that exist, and they include residential real estate, commercial real estate, industrial real estate and land real estate.
When we look at land real estate, we can say that this deals with the aspect of land that may not be developed such as vacant land or farms or even ranches. Commercial real estate has to do with those building that have been set up for the purpose of providing income, such as shopping malls, apartment buildings, medical structures and also educational buildings. Apartment buildings are not included in the residential real estate because it functions as an income generate structure. Industrial real estate is the type of real estate that deals with structures such as big production plants, warehouses, or even industries that produce products in a large scale. Activities that are usually carried out in structures that are involved in industrial real estate includes storage of goods, a wide range of research services, production as well as the distribution of these goods and services. Residential real estate is the type of real estate that many people may be aware of. This real estate includes the resale of homes, buying of new homes or even the construction of homes.
Residential real estate maybe very common but how it works may not be quite understood, there are questions that can be asked during the process such as: How can I sell my house fast to a real estate investor? How can I sell my house fast in Chicago? Or even what are the advantages of selling a house for cash?
When one has decided to sell their house for cash, a great consideration that they can make is looking for a real estate broker or agent that can help them during the process. The real estate agents can help you determine the selling value of that house. The agents then take over the listing of the property and help you market it as well as help you in selling the property. The selling of the house could take up to 6 months but it is more than possible to have the payments be done in cash. Real estate agents take over the whole process and due to their professionalism they make sure that the details of the sale are in order including the closing documents of the sale. The other way that the house sells fast for cash is buy considering selling it to an investor or a real estate investor.