submitted by Erminio “Herman” Petrecca, Remax Centre Realtors
Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Know what comes with your Real Estate. Everyone who owns Real Estate has their “Bundle of Rights.”
The bundle of rights is a term for the set of legal privileges that is generally afforded to a real estate buyer with the transfer of the title.
The bundle includes the following: the right of possession, the right of control, the right of exclusion, the right of enjoyment, the right of disposition.
There is more to Real Estate than just buying a house. You are buying everything that comes with the land. If you are paying for it, make sure you know what it is.
So, when buying or selling, your next property, contact your local Realtor, who knows and can explain to you these benefits.