Kurt Wehrle says, Real estate development, or property development, is a business process encompassing activities that range from renovations and re-renting existing buildings, the acquisition of raw land, and selling the developed land or units to others. Real estate developers bear some of the greatest risks in this process, as they are the individuals that choose to invest in real estate and develop it into something else, like a commercial building or a residential community. Real estate developers plan and oversee projects from beginning to end, from purchasing the land to constructing the property. They will either buy land or work with landowners, develop plans for raw land or redeveloping properties, and oversee projects throughout development and construction. Developers purchase land, finance property deals, construct projects, or allow builders to construct projects, creating, envisioning, controlling, and organizing the development process from start to finish. Many devel
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