Real Estate 101

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Here at Thornburg & Associates, Inc., we offer a variety of real estate services. Whether you are looking for a new home or investment property, or want to sell the one you have, our team can help. For those new to dealing in real estate, the whole industry can feel like a confusing and overwhelming new world. Our team wants to help everyone feel comfortable navigating the real estate market, and as a first step, we have put together this brief overview of the different categories of real estate and how they work.

the commercial sector

  • Residential- The first type of real estate is residential, and it covers all new construction and resale homes. Most people who deal with the real estate market deal with this part of it as they search for a new home for their family. Although the majority of this real estate market is single-family homes, it also includes condominiums, townhouses, duplexes, and more. Our team at Thornburg & Associates, Inc. is highly experienced in navigating this sector, and we can help you find the new home of your dreams.
  • Commercial- The second type of real estate is the commercial sector. This includes all properties designed for doing business, including shopping centers, medical buildings, schools, offices, and hotels. If you’re looking for property for any of these purposes, we at Thornburg & Associates, Inc. recommend finding a real estate agent who specializes in commercial properties.
  • Industrial- Industrial real estate includes facilities for manufacturing, storing, and distributing goods. Naturally, anyone looking for this kind of property has even more specialized needs than someone looking for a new retail location, so they turn to agents who have experience in finding and evaluating these kinds of properties.
  • Land- The final category of real estate is the kind that doesn’t have any buildings at all, only land for you to develop. People seek out land for all three kinds of construction, but local zoning laws can limit which purposes different plots can be used for. An agent can help you navigate these codes and find the perfect spot to build your new home, business, or factory.

We at Thornburg & Associates, Inc. hope that this information gives you a better understanding of the real estate business. If you want professional help with residential real estate, you can turn to our experts.