Luxury Is August 2021

Why sell to a developer? Developers are running a business, they lack emotional attachment to the property. However they are emotionally attached to their business goals. As long as the numbers stack developers are aggressive in making offers. As long as they have a contract of sale, they may not need to even inspect the property. How does a developer calculate their offer? All developers have different financial situations and capacities and differ a lot. However the first step of the calculations are all the same. They all work backwards from the final re-sale price. What is the final re-sale price? The final re sale price is the recent sale price of the finished product they are building. For example the recent five bedroom duplex sale price in Ryde is around $2,200,000. $2,200,000 x 2 = $4,400,000 (estimated gross selling cost) REASONS TO SELL TO A DEVELOPER