Real estate is the land, property, building, underground rights, and above-ground rights to the area. The term real estate means physical or real, property. A fun fact is the U.S. Constitution initially restricted voting rights to only those who owned real estate.
The real estate industry is a key driver of economic growth.
We will dive deeper into producing, buying and selling real estate.
Brand new buildings are a piece of gross domestic product. This includes commercial, residential, and industrial buildings.
It contributes around 6 percent to the U.S. economy, which is around $1.2 trillion or so.
The goal of an agent is to assist businesses, investors and homeowners to buy and sell all four types of properties.
A real estate agent is typically divided up into a specialist that focuses on a single type of housing market.
A seller agents goal is to help you find buyers through their professional contacts.
The agent will then price your property, using listings of recently sold properties known as “comps.”
They can help make your property pop so it looks best for the customer.
Their goal is to help you get the highest price possible.
A buyer agent knows their local market. This means they can find a property that meets your criteria.
They compare prices of similar houses and that allows them to guide you to areas that meet your budget.
A buyer agent will negotiate for you and excel at pointing out reasons why the seller should accept a lower price.
They will help you with all the legalities of the process, including inspection, financing, and title search.
You can contact Fruit & Wine Real Estate, or call us at 970-464-5100.