Real Estate Word of the Day: Estate
Posted by Tom Crimmins Realty on
Real Estate Word of the Day: Estate
When you hear the word "estate," you might picture grand mansions with sprawling gardens and endless acres of land. While that's certainly one aspect of what an estate can be, the concept of an estate is broader than you might think, especially when it comes to real estate. In its simplest form, an estate refers to the total sum of a person's assets, including property, money, possessions, and investments. When we talk about "estate" in the context of real estate, we are specifically referring to the property and land owned by an individual or entity. It encompasses all types of properties, from residential homes and commercial buildings to vacant land and rental properties.
Types of Estates in Real Estate
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