Real Property refers to anything that is the land and anything that is affixed to the land, like a house or a well etc. Personal Property is everything that is not Real Property!
Now Real Estate is all Real Property and what is called the “Bundle of Rights”, the bundle of rights confers to the owner of this Real Property what their basic rights to this property are, the right to sell, lease, encumber, use, enjoy, exclude others from, and to will!
So when i say Real Property i am pointing to a field of interest to do with the Land and the major improvements!
Cheers,
Jayme