Many people dread the formalities associated with buying something significant like a home. Deep down inside they may already have fallen in love with the property and while they understand the need for caution, they cannot wait to get this over so they can move in. Most building inspections only reveal minor faults or defects, but in some cases, they can be a real showstopper. What are the biggest risks that should cause you to stop in your tracks?
Real estate refers to land and the natural resources or assets in it. The term is commonly used to refer to the business of buying and selling real estate. The real estate industry is very lucrative. The reason is that there are many people, in urban areas especially, that are looking for a home or business premises to buy or rent. Since land is considered an asset that appreciates with time, many people desire to get into the real estate business.