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How much is a parcel in real estate?

Updated: 9/17/2023
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14y ago

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A 'parcel' is an inexact term. It's like saying a 'piece' of chocolate. There is no exact measure of a 'piece'. A parcel is a piece of real estate. It can be a 5,000 square foot parcel or a ten acre parcel.

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What is parcel in real estate?

Parcel is used to describe a portion of land.


What is a parcel of real estate?

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What does parcel?

In the legal sense it usually applies to property/real estate law and refers to a piece of land described in the county land records.


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What is meant by the legal description in regards to real estate?

The "legal description" of a parcel of real estate is the description carried forward in the deeds for that property. The legal description must be used for purposes of conveyance or in any other instrument that purports to affect that property such as a mortgage, lien or lease.


How much does a real estate investors make?

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What Is Real Estate Property?

Real estate property is a term that refers to a parcel of land along with the improvements that are made to the piece of raw land. The improvements here can be buildings, walls, fencing and any other immovable structures that are fixed on this parcel of land. There are laws that govern such property and provide regulations and rules on any dealings with real estate property. Such laws are referred to as real estate law and they can vary depending on jurisdiction and locality. Different states and countries have different laws that govern real estate property. In real estate property there is commercial real estate which refers to developing of real estate property for sale as private property and this has grown into big business in many places all over the world. There are several distinct characteristics of real estate property because each parcel of land being dealt in real estate has different and unique characteristics. When doing business in with real estate property, you need a professional's opinion of the value of the property. A broker is a person who mediates and charges a fee for facilitating a real estate property transaction between two or more people. In some places real estate brokers need licenses but in other places they do need a license to operate but require a lawyer to facilitate the transaction. Real estate property can be residential which in this case involves having property that is aimed at being occupied by tenants or owners after making their payments for it. Residential real estate property is property such as tenancy housing units, condominiums, public housing units and such related properties. The development of residential real estate property is considered one of the best businesses and it requires a great deal of money to invest in it. You can build property such as apartments, townhouses or single family homes that are either for rent where the occupants are required to pay a monthly rate for occupying the house or develop the property for sale where willing buyers pay the selling price and own the property. Whichever development you choose you should first understand what real estate laws govern that in the location that you are developing the real estate property. If you are seeking to purchase real estate property, then you can also do the same by looking for real estate listings where you get information on the property you wish to purchase.


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How much do a real estate agents rep earn?

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