Sarah Beeny's 10 Property Development Rules | 4Homes

5. Rule four: set an attainable sale price

5. Rule four: set an attainable sale price (Image 5 of 11)

Be realistic about how much you can sell for - you can dream, but if you want to actually sell you need to do so for an amount someone is prepared to pay. Amateur developers have often invested blood, sweat and tears into a development, and this can on occasion lead to them expecting an inflated price from a would-be buyer. Coupled with a falling market, this can lead to a serious squeeze on any profit.

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Good advice Sarah. I am looking to embark on a career in property development however unfortunately buy to let mortgages are few and far between. Lets hope for a good release of credit into the marketplace. In the meantime I'm just counting the pennies.

Posted by Web Designer - Dave Calvert on 27/10/2009 13:45:40

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What are the tax implications of buying and selling a house when a) un employed b) employed

Posted by mr rogers on 30/09/2009 17:29:33

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Sarah, How did you get involved in development?

Posted by jay on 20/07/2009 21:52:17

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Hi, I am a novice property developer and want to learn the basics of refurbishment so that I am able to understand what my builders do. What courses would you recommend? Thanks Manny

Posted by Manny on 19/07/2009 23:59:00

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