List of Categories >> Real Estate News

• What is Real Estate?
  Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location.[1] Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership rights of the land itself.
• Short Sale Real Estate
  In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.
  
  Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation.
  
• Capital Gain
  A capital gain is a profit that results from the sale or exchange of a capital asset; such as "stocks", "bonds", or "real estate" which exceeds the purchase price. On the other hand a capital loss arises if the sale proceeds of a capital asset are less than the purchase price.
  
  Capital gains arise in relation to real assets, such as property, financial assets, such as shares or bonds, and intangible assets such as Goodwill.
  
  Many jurisdictions impose a capital gains tax on capital gains of an individual or corporation, although relief may be available to exempt capital gains in relation to holdings in certain assets such as significant common stock holdings, provide incentives for entrepreneurship, or compensate for the effects of inflation.
• What is a Real Estate Broker?
  A real estate broker is a term in the United States which describes a party who acts as an intermediary between sellers and buyers of real estate (or real property as it known elsewhere) and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency with the broker having a fiduciary relationship with his clients.