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Depending on your project’s complexity, there may be other members of your development team who you’ll want to engage at various points. A real estate agent is not an essential member of the development team, but it is useful to have a relationship with one since they are knowledgeable about market conditions and may be aware of available properties outside the team’s field of reference. Examples of other team members include cost estimator, environmental audit firm, interior designer, information technology consultant, financial advisor, and a member of the back office provider organization (an outside provider who conducts some internal administrative and support activities).
Nothing in this material should be construed as investment, financial, brokerage, or legal advice. Moreover, the facts and circumstances relating to your particular project may result in material changes in the processes, outcomes, and expenses described herein. Consult with your own professional advisors, including your financial advisors, accountants, and attorneys, before attempting to consummate any transaction described in this material.