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The term real estate is one that we probably all associate with property, particularly buildings and homes, perhaps land as well, but in every day use it is far more common across the pond in the US rather than here in the UK. However, in the legal sphere the term is in standard use in the area of law known as real estate law – the law applying to all matters relating to the property market.

The value of the property market itself is vast. Across developed countries in 2002, The Economist estimated the market to be worth $68billion (77% of which is the residential property market) therefore also valuing it at 17% more than the total financial assets of these countries. What’s more, for great slot the individuals or companies involved in the market, property often amounts to their biggest single asset and in the case of residential property, more pertinently and emotively, their home. The laws surrounding real estate are therefore often complex and the stakes dealt with are high.

What is Real Estate
As mentioned above real estate in a broad sense equates to what we term as property in everyday parlance. More specifically however, it refers to what are known as immovable objects owned by a party as opposed to movable objects that that party can take with them. In reality this definition covers objects such as land, the buildings thereon and other static objects which are attached to the land (or buildings), including crops and other natural resources found on that land. Conversely the objects which are not static come under the banner of possessions.

In addition to the physical elements of property the term also covers the rights that come with the ownership of that land such as the right to access it (or the air space above it), to mine it, to fish it etc.

In some legal contexts, and particularly in the UK, the term can be supplanted with the term real property (or just property) and instead real estate can be used, for example under probate law, more specifically to refer to a person’s share in property or real property at the time of their death.

What Does Real Estate Law Concern
Real estate law is therefore the area of law that deals with these estates/properties, the immoveable objects that are attached to them, any interests in them and the rights that come with them, although it can reach slightly outside of this (immovable object) brief when dealing with legal issues surrounding portable homes such as boats, caravans and mobile homes.

It comes under the wider area of law know as property law (although there are also many overlaps with contract law in practice), which itself concerns the rights that people have to objects that belong to people, and falls mostly under common law (law determined by precedents). The other area(s) of property law not covered by real estate law relate to the (non-fixed) possessions mentioned above or as they can otherwise be known chattels.

The law deals with both the commercial and residential property sectors; that is property owned by commercial enterprises for commercial use and property owned by private individuals or commercial enterprises for residential use respectively.

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Residential real estate in Vancouver has shown remarkable resilience in the current downturn. While the market has recorded a 5 percent decline in home values compared to the peak reached in 2008, home prices in Vancouver have risen, on average, 17 percent each year since 1980. This has made Vancouver’s property market lucrative and attractive to property investors. The trend should persist as a slew of market indicators, economic fundamentals, and other factors suggest that demand for housing in Vancouver-and therefore the market prospects for strong investment performance-should remain strong.

Various indicators paint a rosy picture of the property market activity in Vancouver. Housing sales in the January-August period are about 14 percent higher than in the same period last year. Yet, this compares to an expected decline in housing sales of nearly 15 pecent in the country as a whole. In fact, the home sales rebound in Canada, forecast for next year, will be driven primarily by a robust recovery in sales in British Columbia and Alberta, with the Vancouver area leading the way. Increased housing demand, especially given limited inventory levels, will put an upward pressure on prices, making investments in real estate in Vancouver highly desirable.

In fact, inventory levels in Vancouver have already fallen as many buyers have taken the advantage of low mortgage rates and well-priced properties in desirable locations. New listings are down approximately 23 percent from last year. According to RE/MAX Canada, residential real estate market in Vancouver is currently considered balanced, with purchasers and vendors on the same page for the first time in years. This has exerted pressures on prices, which bodes well for those expecting to earn capital returns on their investment properties.

On the other hand, although the unemployment rate in British Columbia has increased by 3.5 percentage points in a year to 7.7 percent in the second quarter of 2009, wages in the region have actually increased by 2.2 percent. At the same time, consumer confidence has rebounded and most Canadians now believe that the market is expected to turn around, making this the right time to buy. Considering the impending economic recovery, British Columbia, including Vancouver, should see employment and wages rebound. As the region is expected to lead the rebound in the housing activity in Canada next year, Vancouver real estate investments should benefit from the current and emerging economic trends.

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If you happen to be a real estate owner, Craigslist can help you immensely when it comes to selling land and property. The best part about Craigslist is that you do not need to pay any money to post an advertisement. In addition, you can re-post the advertisement on a weekly basis in case if you are not able to find a seller. Below you will find details of how to sell real estate through Craigslist.

In order to post your real estate listing, first thing that you need to do is to visit the website of casinos on line Craigslist. Once there, you need to click on the post to classifieds. Click on the housing button. After that tick a box where it is mentioned “Are you interested in offering housing?”

To post an advertisement, it is quite important that you click on the link “Real Estate for Sale.” You also have an option of going for other categories including storage, parking, commercial and office. Finish the needed green fields for your advertisement such as a title, description and more importantly e-mail address where you want to receive details. Make sure that your advertisement consists of relevant fees that are applicable to the sale of your real estate.

If your main objective is to sell your real estate quicker, it is advisable that you put an image to your advertisement by clicking on the add image option that you are going to get at the time of posting an advertisement. To get a desired result, include colorful and right kind of descriptions related to your property. By following this route, you increase your chances of selling your property much more quickly. It is always a good option to enter details such as yard size, upgrades, square footage, parking accessibility, swimming pool and other features in your advertisement.

Real Estate has always been considered a good investment. Even during the past few years while the real estate market has declined, those that have structured their real estate investments properly have been able to ride out the storm and still be ahead. One strategy that has been helpful for the savvy real estate investor is the use of the Limited Liability Company or LLC. The LLC is a great place to put your real estate holdings for several reasons.

The first reason is that a LLC can protect the property if you are personally sued. The LLC has a unique feature that allows the profit and loss to be disproportionate to the ownership. That means that the amount of profit or loss you take on your tax return does not have to be the same as the percent of ownership you have. So how can that provide liability protection? Well, let’s say that you and your spouse own a LLC that owns a rental house. Someone gets mad at you one day and files a lawsuit against you personally. If that person is awarded your portion of the LLC your spouse can work it to his or her advantage by using the disproportionate rule. For example, if the property has a profit, your spouse can allocate that to him/her and the new owner would get nothing. If there are expenses and the property has a loss, the new owners can be liable for their portion of the expenses. Of course you’ll want to make sure that your LLC is set up properly by an attorney experienced in LLCs.

The second reason a LLC is good for real estate is that it protects you personally. Let’s say you rent to someone and their child is using the garage door opener to ride the garage door up and down and falls and breaks his arm. Today, it would not be uncommon for the parents to try to sue you for the broken arm as well as pain and suffering. The LLC will protect your other assets. All the parents can get is what is in the LLC and if you have a mortgage on the property they will have to just stand in line. They cannot come after your home or car or any other property you may have. Of course this is contingent upon your attorney setting the LLC up correctly. EDI

Before you and your family can pack your bags and make the move to Timaru, one of the South Island’s most character-filled cities, you will need to do some research in order to purchase a property that is handily located near good schools and community activities in the area. Being part of a solid, friendly community can make all the difference for your children to settle in comfortably to a new place. Even if you find a great property at a reasonable price, the location of the real estate can sometimes be more important in the long run than the cost!

Timaru is a relatively old city by New Zealand standards; with the first European settlement dating back to 1839. It used to be a highly volcanic area, and this is reflected in the hilly nature of the city which is built primarily on top of volcanic rock created from ancient lava flows. Today though, you don’t have to worry about volcanic activity as it is long extinct, and Timaru is a lovely, safe place to raise a family. Real estate in Timaru is very reasonably priced, and if you’re looking at relocating from overseas, then it would make a good place to base yourself in NZ.

Being close to a good school is something high on any parent’s priority list, so when you are choosing a new home in Timaru make sure you look into the different education options available. Timaru is not currently under any kind of school zoning system, which gives you the freedom to send your children to whichever educational institute you prefer. There are twelve primary schools in Timaru, and five high schools. If you want your children to just have a short walk in the mornings and not need to worry about the bus, then it is well worth investigating real estate options located close by the school they will attend.

Timaru is made up of seventeen suburbs, each of varying sizes and with their own personalities. Depending on what recreational activities your family enjoys, you should be able to find an area that would suit perfectly! If surfing in summer is something you love, then choosing a piece of real estate near Patiti Point would be ideal as it is known in NZ as a place to catch good waves. Or if you’re planning to work in town, then basing your family near the central Stafford Street area could cut down on your travel time.

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