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Ways to easily detect a bad property developer in real estate
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[QUOTE="Mastergp, post: 292939, member: 85422"] [HEADING=2][/HEADING] There are a few signs that may indicate that a property developer is not reputable or trustworthy: [LIST=1] [*]Lack of transparency: A good property developer should be willing to provide detailed information about their projects, including the budget, timeline, and any potential risks or challenges. If a developer is evasive or unwilling to provide this information, it may be a red flag. [*]Poor communication: A developer who is difficult to get in touch with or who does not return calls or emails promptly may not be reliable. [*]Lack of experience: It is generally a good idea to work with a developer who has a proven track record of successfully completing projects. If a developer is new to the industry or has few completed projects under their belt, they may be more likely to encounter problems. [*]Unrealistic promises: If a developer is making unrealistic or overoptimistic promises, it may be a sign that they are not being honest or realistic about the project. [*]Incomplete or subpar work: If a developer has a history of delivering projects that are unfinished or of poor quality, it is a strong indication that they are not reliable or trustworthy. [/LIST] Overall, it is important to do your due diligence when working with a property developer. This may include researching their track record, asking for references, and carefully reviewing any contracts or agreements. [/QUOTE]
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