Us A home is generally the single largest investment a person will make in their lifetime. In the United States, Real Estate ownership is the highest form of ownership in property that anyone can have. And since most homes are attached to the land, they are considered to be Real Estate. You receive many rights along with the land and the house or other improvements. You may give away, sell, or lease some of those rights without giving up ownership of your home.
Examples are mineral, water, oil and other rights.
You can give up right of possession for a period of time, receive payment, and still retain ownership of your home and real estate. If you own property, there may be an occasion to know it s value. Most of the time, and particularly for residential real estate, you will want to know it s Market Value . This is what your home is worth in the market where it is physically located, were it for sale. There are other reasons as well, but these are some of the more important ones.