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Land Acquisition and Development Finance Part I - page 7 / 7

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get all agreements in writing including costs, delivery dates, and types of and objectives of research to be conducted.

If you can't afford a market analysis consultant, then complete the steps of a formal market analysis process yourself. Depending on your or your consultant's familiarity with the market, the time to collect information, review and present can take four to six weeks.

The market study is a critical part of the land development process to both minimize risks and to obtain financing. It attempts to identify the need for a proposed residential development in a specific area. A good market plan can provide you with the best product possible for the market and provide you the best opportunity for success in you planned development.

U:\presentations\University\Professional Builder Articles\final drafts\Art1Market analysis.doc

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