US Real Estate
In United States, real estate can be categorized into three main divisions as follows:
The US real estate market can considerably vary from state to state, hence, prices also vary.
Some of the familiar terms associated with real estate in the US are as follows:
- Appraisal: A report that highlights property value and is usually made by state-licensed professionals
- Broker: These are agents who act as a bridge between the real estate buyers and sellers. It is normally believed that State-licensed brokers are legitimate.
- Lease: An agreement between the buyer (or tenant) and the seller (or leaser). A lease is valid for a specific amount of time.
- Lien: A legal claim filed against a property for payment of a debt.
- Sale-leaseback: A transaction necessary for the commercial real estate owner during the sale of their property.
- Sublease: A lease given by a tenant for some rented property.
There are plenty of real estate agents who assist in the selection of real estate in the US.