Some Real Estate Terms that you need to understand before you purchase your next property.* (Real Estate Revelation Series 1)

The main secret about Real Estate investment is that you need to learn about it before you put your hard earned money in it. This is the reason why a competent Real Estate consultant IBRAHIM AKEEM OLUWANISOLA created a Newsletter called Real Estate Revelation Series to protect Nigerian Home and Abroad from Real Estate investment scams and Fraudulent act. Let us start from the important terms that you need to know before you put your money in it.

What is Real Estate?

Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made- including trees, water, minerals, Buildings, homes, fences and bridges.

Real estate is a form of what is known as REAL PROPERTY and differs from personal property which are not attached to the ground such as vehicles, boats, furniture and farm equipment.

Distinctions Between Land, Real Estate and Real Property* .

• Land - This refers to the earth's surface down to the center of the earth and upward to the airspace above, including the trees, minerals and water.
• Real Estate - This is the land, plus any permanent man-made additions such as houses and other Buildings.
• Real Property - This is defined as the interests, benefits, and rights inherent in the ownership of real estate. Real Property is everything included in real estate, plus the rights of ownership, including the right to possess, sell, lease, and enjoy the land.

Physical Characteristics of Real Estate

1. Immobility - The geographic location of any parcel of land can never be changed.

2. Indestructibility - Land is durable and indestructible (permanent).

3. Uniqueness - No two parcels off land can be exactly the same. They may share similarities but every parcel differs geographically.

Types of Real Estate

1. Residential real estate - For residential purposes .

2. Commercial Real Estate - Business purposes

3. Industrial Real Estate - Manufacturing, production , distribution, storage, research and development.

4. Land - undeveloped Property, vacant land and agricultural land( farms, ranches, orchard and Timberland)

5. Special purpose - Property used by public such as cemeteries, government buildings, libraries, parks, place of worship and schools.

Don't forget we are still into business of helping you make money through Real Estate, Feel Free to call us on 09035487771 or click on the link below ??

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And don't forget The Real Estate Revelation Series will be coming to your screen everyday between the hour of 5;00am to 11:59pm.

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And be expecting the series 2 tomorrow, just stay tuned and subscribe if you see content coming to your screen.

see you tomorrow by special Grace of God.