Development Property

Finding the right development property is often an arduous and time consuming task and the negotiation process is more complex than with many other properties. Below is a list of ways that we can help developers when acquiring a development property.

1. Many good development sites are not even advertised for sale

Many good development sites are not even advertised for sale so locating these sites often takes a lot more time and skill than with other properties. Why not let A1 Property Finders locate those properties for you leaving you time to get on with your core business?  Even when an ideal property is found, if the property has not been advertised for sale, a great deal of skill is required in convincing an owner who was not even contemplating selling the property to sell it. A1 Property Finders has those skills having developed them over a long number of years.

2. The right price may depend on anonymity.

For some of the larger and better known developers it is very important to remain anonymous in order to be able to secure a property for the right price. The moment an owner finds out that a large scale developer such as Mirvac, Stockland, Landcom, etc. is interested in their property the dollar signs in the eyes become almost visible. A1 Property Finders can often save these developers hundreds of thousands of dollars not only simply by using our keen negotiating skills but by acquiring the property on your behalf and acting as agent for an undisclosed principal. We buy the property for you but the owner does not know who you are until after they are legally committed to sell to you.

3. It is important to understand not only financial principles and development laws but also what will sell in what market

There are three fundamental reasons why so many developers fail. They are:

• Failing to make sensible financial predictions that accurately reflect the actual cost of the development as well as the actual final selling price.

• Buying a property and failing to accurately establish that their proposed development is permitted by the relevant planning laws.

• Building the wrong type of development for the particular market.

A1 Property Finders legal, accounting and real estate skills can assist you in overcoming these obstacles.

4. The property has been recently rezoned and the vendor has unreasonable price expectations.

With properties that have been recently rezoned (and often even those that are not yet rezoned but are part of a local government proposed plan to rezone) the Vendor often puts an unreasonably high price on the property failing to understand the timing and other risks associated with securing consents to a development application. It takes much skill to convince a Vendor to lower the price to an acceptable level, or, even better to provide the Purchaser with a call option for a reasonable option fee. The mix of  legal, accounting, and real estate skills at A1 Property Finders gives us a unique ability to understand the entire picture and be able to reason with the owner so as to acquire the property at the right price.

WOULD YOU LIKE MORE INFORMATION?

For more information fill out our Property Finding Information Form and either print it and fax it to us on +61 2 9144-3724, or fill it out on line, or even better, make an appointment to see us and we will help you fill in the details.