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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.
![Learning in Verse Illustration of Dumb Ox mascot.](../../images/glossary/dumb-ox-371x100.png)
"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.