If you want to enter the real estate field and want information about real estate, you must know the terms of the real estate field. In this article, we will introduce you to some real estate terms, which can be considered a dictionary of real estate terms that meet you frequently, or you will meet you in The market (real estate terms) .
Real Estate Investment:
It is simply investing money in real estate in order to obtain profit and this profit is either consistently like a monthly income from the rent or by buying a property and selling it at a higher price whether it is being sold at the same time or after a certain period and whether the form of the property has changed (building, maintenance, change, Transfer (etc.), the goal of real estate investing is profit and money.
real estate development:
It is the construction or development of a property, whether the development process is carried out by one person or group of people or real estate development companies such as building and selling residential units or buying and building property and then selling it. The goal of real estate development is to make a profit.
It is simply that you have a property (land, house, apartment, etc.) and you pledge it to get money and this property is mortgaged until the amount of the amount is paid and the property is for the donor of the money (loan) are either banks, people or companies.
Real estate evaluation:
It means that a price for a particular property is determined, whether for the purpose of selling or buying, or for the purpose of knowing the value of the property for other purposes. Valuation is carried out according to several factors, including the location, the condition of the property, the region, the prices thereof, and other factors.
Real estate Bartering :
Bartering its definition is replacing one thing with another and real estate barter is replacing a property with another property, whether it is with the same value of the first was higher than or less than it value and then the difference was paid to the other party according to the agreement agreed between them and in other times the barter is done without paying anything.
It is for a person to take care of another person’s real estate and that is by agreeing among them that the property owner pays the other party either with a certain amount or a certain percentage, and the other party is responsible for the real estate and carrying out specific tasks such as collecting money (rentals) and maintenance Facing the competent authorities and offering to rent or sell and other matters according to the agreement between the owner and the other party and whoever does this task is a person with experience in the field of real estate and it is often either a real estate office or a real estate broker.
He is an independent person who does not work a legal license for his work and is an intermediary between the seller and the buyer and his mission is to collect and reconcile the two parties (the seller and the buyer) to sell the property, whether it is assigned by the seller to find a buyer for his property or is charged by the buyer to search for him for a property or enter between the parties to reconcile them in exchange for Obtaining a commission, whether from the seller, the buyer, or both.
Real estate expert:
It is the one that is resorted to to obtain advice , whether regarding the purchase, sale or investment in the real estate field.
Real estate broker:
Many do not differentiate between the real estate broker and the real estate Realtor and some people think that they are one, but the real estate broker is either a person or a company whose mission is to agree with the real estate owner to market his real estate and find a buyer for him in exchange for a sum of money whether this amount is a percentage of the pledge (commission) or an amount Agreed upon.