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Chino Valley, Arizona - Real Estate Development search results Premier Listings

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.
    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 Chino Valley 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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    Bates Builders Inc
    300 Heidi Ln, Chino Valley, AZ 86323
    We provide the surrounding area with quality building services. Our experienced contractors can handle residential and commercial projects of all shapes and sizes. We also have metal buildings available.
    (928) 636-2400
    Quality Built Commercial
    3632 W Jacksonville Dr, Phoenix, AZ 85086
    Market leader in residential and commercial real estate brokerage, boasting 15 years of industry related experience. Check us out for high quality building services with affordable prices.
    (480) 560-5757
    36468 N Red Hawk Ln, Scottsdale, AZ 85262
    Copper Valley Development Group specializes in custom homes and remodeling. Call us today so we can discuss your new construction.
    (480) 575-3133
    Stazenski Construction Inc
    1800 N San Antonio Rd, Chino Valley, AZ 86323
    (928) 636-2633
    Clayton Homes
    325 Industrial Dr, Chino Valley, AZ 86323
    (928) 636-9843
    C.I.T.A. Construction Inc.
    Chino Valley, AZ 86323
    (928) 636-5128
    Lighthouse Construction
    Chino Valley, AZ 86323
    (928) 636-7168
    Silvertip Construction
    Chino Valley, AZ 86323
    (928) 636-1889
    Circle C Construction
    1190 W Road 1 N, Chino Valley, AZ 86323
    (928) 636-4660
    Precision Custom Homes and Remodeling
    2350 Yavapai St, Chino Valley, AZ 86323
    (928) 583-0228
    Dewitt Bros Trucking
    843 S State Route 89, Chino Valley, AZ 86323
    (928) 636-0303
    Lawrence Construction Co.
    6675 N State Route 89, Chino Valley, AZ 86323
    (928) 636-0454
    Upland Builders Inc
    Paulden, AZ 86334
    (928) 636-7404
    Best Buy Homes
    150 W Sweet Valley Rd, Paulden, AZ 86334
    (928) 636-6869
    Country View Builders
    1800 W Big Sky Ranch Rd, Paulden, AZ 86334
    (928) 636-1050

    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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