Download Real Estate APK latest version Free for Android
| Version | 1.2 |
| Update | 6 years ago |
| Size | 3.00 MB (3,146,863 bytes) |
| Developer | Free Apps Top |
| Category | Apps, Finance |
| Package Name | com.app.realestatelaw |
| OS | 3.0 and up |
Real Estate APPLICATION description
Real Estate new apps
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."[1] It is a legal term used in jurisdictions whose legal system is derived from English common law.
Four Types of Real Estate
There are four types of real estate:
1- Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
2-Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That's because they are owned to produce income.
3- Industrial real estate includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction and sales are handled differently.
4 - Land includes vacant land, working farms and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly. Here's more at Land Broker Transactions.
The vast majority of real estate agents and brokers work with three major property types. It's no coincidence that these are the three property types accounting for most of the real estate ownership transfers. As a new agent or broker, you may want to narrow your focus and specialize in one or more property types. A study of the number of properties of each type in your area, and their relative values, would indicate the possible financial rewards of working with each type.
1 - Vacant Land: Farm and ranch specialists have long been quite successful in this business. Generally the property size and price is quite large, with corresponding commissions. Be sure you understand the specific buying requirements and motivations of your prospect.
In rapidly growing areas, specializing in building lots for properties can be lucrative for an agent. Just know that, as long as the spread continues, the area you have to cover will get farther out from the city and possibly your office.
2 - Residential Properties: The residential type of property is by far the most popular with both new and experienced agents. That's no surprise, since the year 2000 US Census shows more than 105 million occupied housing units.
Real estate agents then further specialize in types of homes, including condominiums, separate homes, duplexes, high value homes, vacations homes, etc. There's plenty to go around.
By a large margin, the most widely practiced property type niche is residential. Whether single family homes, condominiums or townhomes, most agents start in this niche. Most stay in it as well, as they can do quite well income-wise.
3 - Commercial Properties: Commercial property can be empty land zoned for commercial use, or an existing business building or buildings.
Commercial property valuation requires a more complex method, taking into account the income potential of the property, historical revenue, cash flow with owner perks removed and much more. Unless someone has extensive business valuation experience, it's better to enter this specialization carefully after time in the business in land or residential property markets.
Also: the business of real estate; the profession of buying, selling, or renting land, buildings, or housing."[1] It is a legal term used in jurisdictions whose legal system is derived from English common law.
Four Types of Real Estate
There are four types of real estate:
1- Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
2-Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That's because they are owned to produce income.
3- Industrial real estate includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction and sales are handled differently.
4 - Land includes vacant land, working farms and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly. Here's more at Land Broker Transactions.
The vast majority of real estate agents and brokers work with three major property types. It's no coincidence that these are the three property types accounting for most of the real estate ownership transfers. As a new agent or broker, you may want to narrow your focus and specialize in one or more property types. A study of the number of properties of each type in your area, and their relative values, would indicate the possible financial rewards of working with each type.
1 - Vacant Land: Farm and ranch specialists have long been quite successful in this business. Generally the property size and price is quite large, with corresponding commissions. Be sure you understand the specific buying requirements and motivations of your prospect.
In rapidly growing areas, specializing in building lots for properties can be lucrative for an agent. Just know that, as long as the spread continues, the area you have to cover will get farther out from the city and possibly your office.
2 - Residential Properties: The residential type of property is by far the most popular with both new and experienced agents. That's no surprise, since the year 2000 US Census shows more than 105 million occupied housing units.
Real estate agents then further specialize in types of homes, including condominiums, separate homes, duplexes, high value homes, vacations homes, etc. There's plenty to go around.
By a large margin, the most widely practiced property type niche is residential. Whether single family homes, condominiums or townhomes, most agents start in this niche. Most stay in it as well, as they can do quite well income-wise.
3 - Commercial Properties: Commercial property can be empty land zoned for commercial use, or an existing business building or buildings.
Commercial property valuation requires a more complex method, taking into account the income potential of the property, historical revenue, cash flow with owner perks removed and much more. Unless someone has extensive business valuation experience, it's better to enter this specialization carefully after time in the business in land or residential property markets.
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