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Bensalem, Pennsylvania - Real Estate Development search results Premier Listings

Bloom Organization
Trusted And Reliable Real Estate Developers Since 1945. Call Now!
 
Real Estate Development Terminology

If you are thinking of getting into the real estate industry, or just want to know more about the field for an upcoming business venture, there are a few key terms with which you may want to become familiar.

  • Acquisition - An acquisition is a term used to describe a real estate transaction where one company not only purchases property, but takes over ownership of the business.
  • Broker - A broker can wear many hats in the real estate industry. A broker can be an agent that represents the buyer when working out the mortgage deal and closing process with the bank. Often in real estate, a Realtor or agent obtains certification in brokerage as well.
  • Earnest Money - Earnest money is a fee or deposit given to the seller to prove that the buyer is serious about completing the transaction. This takes place with the buying and selling of both residential property and commercial real estate.
  • Survey - Building and developing new architecture will require a surveyor to assess the size and area of a piece of land. The water table and soil content is also evaluated for commercial construction reasons.
  • Surety - For some commercial development transactions, a surety is required. When this term is used in real estate, it generally refers to a guarantee that a person or entity will perform as contracted.
  • Tax Map - A tax map is a document that outlines the physical property lines of a parcel of land and indicates the annual property tax figures for that location. Tax maps are kept at the town or city tax office and are part of public record.
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    Petrie Ross Ventures, Llc
    Annapolis, MD 21401
    From revitalizing a dated shopping center to creating a complete town center from the ground up, our team does it all! Just call our local Bensalem area real estate development office to learn more.
    National Association of Industrial & Office Proper
    Herndon, VA 20171
    Our association of commercial real estate development provides members with more resources to clients can find them easier. We also help business owners find the space they're looking for.
     
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    Guaranteed Plumbing & Heating
    900 Cottman Ave, Philadelphia, PA 19111
    Guaranteed Plumbing & Heating is Philadelphia's Premiere Plumbing & Heating Company . Proudly Serving those in Philadelphia for Almost Three Decades!
    (215) 342-7200
    D R Horton - New Jersey
    700 East Gate Drive Suite 110, Mt. Laurel, NJ 08054
    D.R. Horton builds new homes in the New Jersey Area. Visit www.drhorton.com to find your new home today!
    (973) 862-2997
    Habitat for Humanity Restore
    2930 Jasper St, Philadelphia, PA 19134
    Thrift Store with free donation pickup, and Donation drop off point, taking Building supplies, furniture, appliances, kitchen cabinets, Air Conditioning & Heating Units and more.
    (215) 739-9300
    P & K Group III Properties
    1336 Bristol Pike, Bensalem, PA 19020
    (215) 638-3862
    Construction Orleans
    1 Greenwood Sq, Bensalem, PA 19020
    (215) 245-6507
    Chelary Construction
    3371 Rambler Rd, Bensalem, PA 19020
    (215) 828-3977
    Saint Francis-Saint Joseph Homes for Children
    3400 Bristol Pike, Bensalem, PA 19020
    (215) 638-1171
    Rankin Construction Heaters
    1400 Adams Rd, Bensalem, PA 19020
    (215) 245-1162
    Procore Construction Services Inc
    3379 Bristol Pike, Bensalem, PA 19020
    (215) 244-4498
    Adams Electrical Construction
    1028 Poquessing Ave, Bensalem, PA 19020
    (215) 244-1414
    Gilles Ransome Inc
    2975 Galloway Rd, Bensalem, PA 19020
    (215) 639-3900
    Orleans Homes Design Center
    360 Dunksferry Rd, Bensalem, PA 19020
    (215) 604-0515
    Larosa Construction Co
    2729 Murray Ave, Bensalem, PA 19020
    (215) 639-2560
    Korman Corp Single Homes of Neshaminy Valley
    6023 Hulmeville Rd, Bensalem, PA 19020
    (215) 752-2244
    Little Builders Inc
    4214 Hulmeville Rd, Bensalem, PA 19020
    (215) 638-7744


    Real estate development is an important part of the industry. So what is it exactly? Real estate development is when agents and property developers make improvements to a piece of property or land in order to increase its value. This can involve something as simple as adding a home addition or remodeling a room, and as complex as converting run-down apartments into luxury condos or developing railroad tracks. Improving the real estate value can lead to greater returns on investment. And who doesn't want more bang for their buck? It may involve a large outlay of cash in the beginning, but the resale value is usually well worth it in a good market. A real estate development agency or Realtor often takes risks for commercial and residential property improvements. Sometimes real estate development involves the environment. For instance, impact surveys regarding soil and water are often needed prior to building on a certain area. Real estate development may also encompass the renovation and re-lease of existing buildings, along with sales of improved parcels of land. Real estate properties can range from housing complexes and land to apartments and luxury condominiums. In general, developers don't do any of the actual construction. They purchase the land, finance the deal, and hire builders to do the construction in the community. However, they are involved in many processes of a project, from design and management to financing and sales. Developers often work alongside architecture specialists, city planners, inspectors, engineers, and surveyors in their daily interactions. They also work with real estate agents and brokers to sell each piece of housing or property to the right buyer. Acting as middlemen between a construction company and a buyer, it's important for skilled developers to be able to anticipate which types of buildings are in demand.
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