What type of property is considered real property?

Real property refers to land and any permanent structures or improvements on that land, which includes buildings and other fixed installations. This definition underscores the nature of real estate, encompassing not just the physical land itself but also any constructions that are affixed to it, such as homes, commercial properties, and even ancillary structures like garages or sheds.

In contrast, cars and personal items, furniture and appliances, as well as stocks and bonds, fall into different categories of property. Cars and personal items are considered personal property, which is movable and not fixed to a specific location. Similarly, furniture and appliances are also classified as personal property, as they can be moved in and out of a dwelling. Stocks and bonds represent financial assets and are categorized as intangible property; they do not involve physical land or structures at all.

Thus, recognizing the distinction between real property and other types of property is crucial in real estate, and understanding that real property is specifically tied to land and its permanent structures informs how one approaches buying, selling, or investing in real estate.