The word “sale” is a relatively new word in the English language.
And for decades, real estate brokers and sellers have been using the word in a wide range of contexts, from marketing to sales and rentals.
But is this a term you should be familiar with?
In the early 20th century, realtor and author David Guggenheim coined the term “land sale” to describe a transaction in which a seller would sell a piece of land to a buyer.
Today, the term can refer to any transaction where a buyer pays money for the right to use or develop a piece or parcel of land.
To find out what “land-sale” really means, we reached out to real estate experts to find out how the word has evolved and what it means to realtors and sellers today.
This article originally appeared on The Conversation.
Read the original article.