WHAT IS A REAL ESTATE DEVELOPER - DEFINITION ?


WHAT IS A REAL ESTATE DEVELOPER -  DEFINITION ?
WHAT IS A REAL ESTATE DEVELOPER -  DEFINITION ?  



A real estate developer is the privileged interlocutor when acquiring or building a new property. The real estate developer function includes many missions and responsibilities.

DEFINITION


A real estate developer is both a natural person and a legal person. Indeed, real estate development companies employ several real estate developers.

THE MANY ATTRIBUTIONS OF THE REAL ESTATE DEVELOPER


They relate to the construction of buildings on land defined in advance. The mission concerns different tasks such as
  • the market study as a whole,
  • the sale
  • the promotion of buildings erected following construction.

In addition, the purchase of the land is also the property developer. At the same time, he must guarantee the technical aspect of the construction project.


 The property developer works with many real estate specialists: the architect, the contractor, even the design offices.


The search for financing is also the responsibility of the real estate developer. In fact, bank loans are the most common form of financing.


THE MULTIPLE SKILLS OF THE REAL ESTATE DEVELOPER


The proponent must have knowledge in many areas. It's about law, construction, architecture and real estate sales. It all depends on the particularities of each project.


In addition, innovative technologies such as crowdfunding can explore new horizons. In fact, crowdfunding makes it easier for the promoter to finance.


 Nevertheless, it opens the way to amateurs in the trade. So, always make sure to contact a renowned promoter.

WHAT STATUS FOR THE PROMOTER?


The profession is governed by Article 1831-1 of the Civil Code. According to this article of law, a real estate development contract is the equivalent of a mandate granted by a developer. The goal is the construction of a real estate.


The property developer is then appointed as delegated developer .
With this legal status, the real estate developer is a service provider. He receives fees calculated according to the sales made.

THE SECTORS OF ACTIVITY OF THE REAL ESTATE DEVELOPER


These include serviced residences, hotels, offices, commercial and industrial premises. We can also deal with business parks, renovations.


Do not forget apartments and single-family houses . In fact, 80% of the productions of the promoters imply this type of housing and 85% of these dwellings are represented by collective buildings .

THE CREATION ASPECT AT THE REAL ESTATE DEVELOPER


After identifying land to build, the professional considers the opportunity and feasibility of the project. Then the architect (s) and other project partners determine the objectives. The proponent will have to consider:

  • regulatory constraints,
  • urban planning documents voted by national and local elected officials.

THE DEFINITION OF THE OFFER AND THE COMMERCIAL STRATEGY



The offer includes plans, price list, services, commercial documents. The business strategy concerns the sales office, the real estate agent or the professional network.


 The majority of dwellings are marketed or sold in the future state of completion or VEFA. This is the sale on plan. The transaction is guaranteed by the promoter's funds, the partners, the bank loans as well as the owners.


thanks for the time .

Post a Comment

0 Comments