MMP122 Lecture Notes - Lecture 2: Real Estate Broker
Document Summary
There is an economic derived demand for land. Value of land is derived from the demand for goods and services that can be produced on it or from it. Land is the first major financial commitment by a pd. No amount of good design and marketing can make up for a poorly located site. Never buy before exhaustive investigations are undertaken. The site acquisition process can be frustrating and unpredictable as many factors, often. Land is unique and each site has its own characteristics. outside the developer"s control, can influence its success: initiation. Local authority planning allocation, land assembly and economic development. Infrastructure provided/built by government can initiate private development. A vision is an impression of an end product or a final destination. Involves what kind of developments are possible physically and economically. Physical feature: investigation and analysis of viability.
