Residential

 Residential real estate may contain either a single-family or multifamily structure that is available for occupation or for non-business purposes.

Residences can be classified by and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.

Real Estate Overview:

The main participants in real estate markets are:

Users: These people are both owners and tenants. They purchase houses or commercial property as an investment and also to live in or utilize as a business. Businesses may or may not require buildings to use land. The land can be used in other ways, such as for agriculture, forestry, or mining.

Owners: These people are pure investors. They do not occupy the real estate that they purchase. Typically, they rent out or lease the property to other parties.

Renters: These people are pure consumers.

Developers: These people are involved in developing land for buildings for sale in the market.

Renovators: These people supply refurbished properties to the market.

Facilitators: This group includes banks, real estate brokers, lawyers, government regulators, and others that facilitate the purchase and sale of real estate.

The ALLIANCE REAL ESTATE Company, all year round local real estate full services firm in Philadelphia at 5700 N 5th Street, Philadelphia, PA 19120