Land Lease Developers subscribe to a fee-based service to GenRealestate. The annual subscription allows them to profile their business and highlight their current and future land lease developments. Their subscription also allows listing individual houses and floorplans for current and future homes in their respective development’s staged releases.
GenRealestate however is more than a property listing service introducing a buyer to a seller. We are introducing a qualified preapproved loan buyer to the seller. Our subscription-based service is another first in the property landscape – preapproved loans for buyers of land lease homes in one centralised national data base.
Developers
Gen Realestate
The certainty of providing preapproved buyers creates an opportunity for land lease developers to redraft their financial modelling to confidently meet bank loan development covenants, that often require a percentage of the development to be presold before any construction funding becomes available. It also changes the historical staged development structure of selling a land lease development and the costs associated with it. Land lease developers can lock in materials supply contract pricing with confidence over the life of the construction period having secured sales contracts with preapproved loans for a predetermined number of homes.
GenRealestate also significantly reduces developers marketing costs as potential buyers have access to our national data base of listings to source homes for sale in the region they are looking. We provide developers with early sales opportunities for their planned pre DA developments to buyers nationally.