Ok, I guess everybody is expert in real estate ))
To be objective, I go to Google, search for types of property. First result is a page defining it as follows:
"Property is divided into two categories:
real and personal. The classification is significant because the assessment procedures and the tax rate often vary.
Although there are many practical and legal distinctions,
real property, in general, is land and anything permanently attached to land (e.g., improvements).
Houses, gas stations, motels, shopping centers, farms, apartment buildings, restaurants, offices, and so forth are common examples."
Hence, the House Property as type of Real Property, which, in its own turn, is a type of Property.
Then, let's test if the term that "real estate experts" here say does not exist, is used by legislators for whom they have voted, I guess:
House property tax legislation adjusts homeowner credits and reforms local government funding ยซ Minnesota Budget Bites
"The House Property Tax Division passed their โdivision reportโ on April 1, which are their recommendations for the property taxes and aids to local governments sections of the House omnibus tax bill."
I appreciate the comments, but guys please read previous posts. Reputable news sites, government sites of UK, US, India, NZ, Canada etc. use the term House Property. The term is used by news websites, in company names, posts etc. There are 2.8 million search results for the phrase, most of them exact match. And then, you can still see somebody just writing "I agree, I have been in real estate, the term does not exist".
Just to make clear, I am not looking for buyer for the name as of yet. I will be able to monetise it. Just wanted to have it for arguments sake and I am generally happy with the discussion, but some focus on my English rather than the subject. Again, my English is better than 99% of native speakers, I have got an MBA from top US business school, if somebody is interested more in my credentials, I have my own advertising business, news website business, popular portal with many services, banner network etc.
And, since nobody is reading previous posts, I'll repeat:
- The common sense is that the market value is what the market is willing to pay for something )
- 2 buyers were willing to pay for it $1100
- 4 buyers were $815 and higher.
Hence, it is proven that the market value is AT LEAST $1100, so the discussion can be if there is any upside or not, but not that it is worth low xxx or of that nature.
Thanks.