“Real Estate”, “Buyer’s Market”, “Seller’s Market”, are some of the very few buzz words these days that are frequently used by experts, financial analysts, investors and other individuals in a variety of contexts. When these words are used their impact at times can be quite over whelming and confusing to home buyers and sellers.
Before I blog my views further, a simple question that comes in my mind is that what exactly the term “Real Estate” means? The dictionary definition of real estate is “property consisting of land or building”. The definition itself is quite simple however the concept and process of acquiring real estate is quite complex that requires skills and knowledge to get the right results.
To me the common reference of real estate these days points towards buying a house or acquiring a house or selling a house for any reason.
In today’s time there is added pressure from the society for home ownership. As a result of this expectation, almost everyone from young families, fresh graduates, single parents, middle-aged professionals to seniors find themselves under pressure of buying a house. At times working towards acquiring home ownership is very motivational, yet other times it creates anxiety and put individuals in a more stressful situation.