Travis Real Estate: Types Of Possession

Travis Real Estate: Types Of Possession

Travis Real Estate: Types Of Possession

Travis County is situated on both sides of the Balcones Fault in south central Texas. This county is a part of the Austin Round Rock metropolitan area. In Travis, real estate buying is gaining popularity these days as it has been predicted that investment in this market can prove beneficial in the future. According to recent surveys, with housing prices going down and interest rates at all-time low, buying real estate properties now would be a good idea. There are usually three types of real estate. These include: * Residential: These types of properties are by far the most popular amongst buyers and sellers. Since the year 2000, US Census shows more than 105 million occupied housing units across the United States. Residential properties can be further segregated into homes, condos, duplexes, and vacation homes to name a few. * Commercial: Commercial properties can be an empty land planned for commercial use, or an existing business building or complex. Valuations of commercial properties require a more complex method, taking into consideration the income potential of the property, historical revenue, and much more. * Retail: These comprise of a single construction taken by single or multiple tenants which is exclusively meant for retail use such as sales and display of garments and electronics. In Travis, real estate possessions are of various types. Some of them include: 1.Freehold: Freehold properties are those on which the owner has the absolute ownership of the land or the buildings that stand on that land. The owners of freehold properties are in a position to do whatever they wish with the properties as long as it is in accordance with the local planning regulations. 2.Leasehold: These types of ownerships primarily mean a long term tenancy which includes the right to own, use, and occupy the properties for a long period. The term can be between 99-999 years and the properties can be purchased or sold within that term. Depending on the number of years left on the lease it can be termed as long lease or short lease. 3.Equitable: This type does not actually mean ownership of property. According to equitable possessions there are liens on the property. A lien is a debt which has not been paid and therefore the debt is attached to the title of the property. These debts are usually claimed when the property is sold. Here you will find a list of properties, both household and commercial from which you can choose the perfect one for you.

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