How to obtain presales for my development project?

Pre-sales are in most cases required by the lender to reduce risk for a property development. Presales are pre-sold off-the-plan dwellings which are exchanged prior to or during construction.
For some developers, it provides much needed certainty that they will sell their stock on completion.

For the lender, its essential to provide a repayment of the construction loan.

Presales can be achieved in many ways
* Find buyers yourself with direct marketing
* Local agents can market your real estate development
* Project Marketers in real estate who specialise in selling property off the plan
* Financial Planners providing real estate investments to their clients
* Builders may have marketing services for their product and achieve sales for you

All the above sources have different costs associated ranging from $5,000 per dwelling to $20,000 commission for a sale. It all depends on the price being sold and the ease at which the seller helps you sell your development stock.

To find out more about costings and how to achieve presales for your project, call the Project Management Team at Plan Assist on +612 9449 2333, or visit http://www.planassist.com.au/ for more information.