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Define Site in Real Estate
Site:
Site, in real estate terms, refers to a specific piece of land that has been improved with utilities and other infrastructure in anticipation of development. Essentially, it's a plot of land that's been prepared for something to be built on it.
Example:
Let's say a real estate developer wants to build a new housing community. They might purchase a site that has already been improved with things like roads, water and sewer lines, and other necessary infrastructure. This makes it easier for the developer to start building right away.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Oh, the site, the site, it's a plot of land, you see,
Improved with utilities, in anticipation of what could be.
It's been prepared and made just right,
For building homes, or maybe a sight.
With roads and water and sewer lines,
The developer can build in no time.