Real Estate Principles

Real estate principles encompass the foundational concepts guiding property transactions and ownership. Key principles include location, which affects value; supply and demand, influencing market prices; and the importance of property rights, which determine how land can be used. Additionally, investment analysis evaluates potential returns on real estate purchases. Understanding zoning laws helps determine what can be built or modified on a property. Lastly, ethics in real estate ensures fairness and transparency in dealings. These principles help individuals and businesses navigate the complexities of buying, selling, and investing in property.