Real property is a similar concept to real estate. In fact, the terms are often used interchangeably, although there are some crucial differences. Real estate generally describes land and the permanent structures built upon said land. Property is defined as the right to use the land and structures located on it. This broadens the definition from simple ownership to include other facets of land-based terminology including leasing, renting, lien holding and estate grants. Obviously, property law is a complicated facet of our legal system.
This discussion defines these crucial terms and helps to clarify them for all parties involved in real estate transactions.
Real Property Definitions
Most people use the term property to describe a house, apartment, commercial space or industrial facility. I like to define the term as any permanent structure designated for a specific usage. In home staging, the use of the property may be a variable, but the function of the property is simple. That function is to impress prospective buyers, facilitating a quick and profitable rental or sale.
Property is a wonderful investment and can lead almost anyone to ever-greater levels of wealth. Land is a finite resource and the world’s population is in overdrive, expanding at a historically unequaled pace. Owning land right now is a fantastic way to ensure monetary growth, but personally, I feel that real estate will become an ever more profitable investment as the supply of available land shrinks and the demand rises year over year.
Real Property Issues
Owning real estate is great, but there is a time when most owners want to cash out and reap some of the financial rewards of their investments. When it is time to sell, it is vital to do everything possible to make the most from your sales opportunity. Here are some expert guidelines to help you maximize your financial gain:
Try to time your sale to coincide with a seller’s market.
Hire a talented and hard working real estate agent.
Market your property aggressively, using property staging as a main strategy.
Take the time and effort to distinguish your property from the competition. A small investment of money can reap huge rewards once the property is sold. Statistics demonstrate that home staging enjoys one of the best dollar-for-dollar returns in the entire real estate marketing industry.
Real Property Advice
“Buy land, since they are not making any more of it.” These are wise words which were true long ago and even more so today.
Real estate investing has always been a passion of mine and I have benefited from my own endeavors in the property industry. However, I am a small player when compared to many investors I see daily. These are not experts in real estate or business tycoons. They are simply dedicated and savvy investors who buy and sell real estate for a living. A few good deals a year can make them hundreds of thousands of dollars or a steady residual rental income. Either way, they win.
Maybe you are just trying to sell your home and do not want to become part of this financial revolution. Regardless, people who sell once in a lifetime, or once a month, will all tell you the same thing: You just can not beat the benefits of home staging to get the job done time and time again.