Real estate is land and anything that’s attached to it, including buildings and natural
resources. It’s one of the most common investment types, and it’s often a leading
indicator of economic trends. The value of real estate typically rises over time,
making it an attractive investment option. The value of real estate also drives
millions of jobs in fields like home improvement, development, lending and
insurance.
The process of buying and selling real estate is usually facilitated by a licensed real
estate agent, broker or attorney. Real estate agents and brokers earn a commission
from the sale of property. They may also make a fee for providing consultation
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In addition to assisting home buyers and sellers, real estate professionals often work
with commercial and industrial clients. Commercial real estate includes properties
used to conduct business activities, such as office buildings, parking facilities, retail
spaces and warehouses. It can also include land used for commercial purposes, such
as farms, mines and factories. Industrial real estate can also include property used
for research and development, as well as special purpose properties such as
cemeteries, hospitals and schools.
For homeowners looking to sell, a real estate agent can help them set the right price
for their property. They can also assist with finding financing options. They can even
host open houses for interested parties. They can also provide their clients with
market data, such as sales prices for comparable properties in the area.
Homeowners who are considering selling can also benefit from a real estate agent’s
expertise when it comes to improving their property’s curb appeal. A real estate
agent can also advise them on any potential issues with the property that should be
addressed before listing it for sale. For example, a home inspection can reveal
hidden problems such as mold or structural damage.
For home buyers, a real estate agent can help them find the right property by
researching listings on the Multiple Listing Service (MLS) or other online real estate
databases. They can also connect them with potential lenders who can offer advice
on mortgage loans.