New To Real Estate? Here’s What You Have To Know
Real estate is defined as any property, buildings, land or even air space above the land or underground space below the land. If you are looking to invest in Seattle real estate, then you have come to the right place. Here are David and Jamie De Maria with some tidbits.
The Four Types Of Real Estate
Residential real estate is any property that is owned by a family and is either rented or inhabited by themselves. Examples of such include co-ops, duplexes, triple-deckers, high-value homes, condominiums, townhouses, and vacation homes.
This includes a large piece of land that owned by a party to generate income. These include shopping malls, hotels, educational institutions, health institutions, etc.
Buildings that are used for manufacturing, production, storage and research of goods fall under this category. These type of building cannot be accessed by the general public.
Vacant land, agricultural pastures, vegetation, forests, etc. fall under this one.
How The Industry Works
The term real estate is loosely used to represent the construction, buying and selling of property. This industry is one of the leading factors for the stability of the economy of a state. Some of the things you will come across are as follows.
Construction Of New Buildings
Construction companies are hired by investors to build new buildings either for resale or for setting up another industry. Buildings that are constructed are usually townhouses, single-family homes, or offices.
Real Estate Agents
A Seattle Real Estate agent assists the investors, who can either be a family or the board of directors of a company, to sell real estate. Some specialize in selling industrial constructions, others focus on residential property.
A Seattle Real Estate broker or agent working for the seller is known as the seller’s agents. They help sellers find buyers with the help of contacts or search engines. They can also advice on revamping your property to make it look more appealing.
The buyer’s agent is a Seattle Realtor who compares prices and negotiates the deals for the buyer. They also help with the registration of the property and the financing.
Why Real Estate Investing
A study by leading finance advisors found that people who invest in real estate retire faster than those investing in stock market. A single investment can prove to be very lucrative whereas multiple high risk investments in the stock market can take a toll on your finances.
David and Jamie De Maria of De Maria Partners.