Real Estate

Real Estate is a common term used to describe any given piece of land along with anything that is permanently attached to that land, such as buildings, housing, natural resources, and other permanent structures such as fences. For example, a house, pool, and shed, along with the plot of land that they reside upon, would be considered real estate. A natural resource existing on that property, such as oil, gold, or crops, would also be considered part of that real estate. On the other hand, furniture and items inside the home or shed would not be considered real estate as they are movable, personal property. Real Estate is also used to describe the business of buying and selling land and property, including all of the facets of that business, such as appraising, renovating, constructing, managing, investing in, or leasing real estate.