what is a real estate developer

A real estate developer is a person or company responsible for the construction, renovation, and/or sale of a property. They are in charge of both the development and management of a property until it is sold. Properties can include single-family homes, retail, apartments, commercial office spaces, gated communities, mixed-use buildings, and industrial sites. Real estate development is a business process that encompasses activities ranging from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end. They usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. A real estate developers job description can include marketing properties to potential buyers via social media or building their own websites, finding guarantors to sign real estate guarantees, securing loans and other funding, negotiating with owners and agents, and managing the construction of a new build even though they are not general contractors. To become a real estate developer, one should earn a bachelor’s or master’s degree in a related field, get a real estate development license, and gather experience in the industry.