Selling is a generic term that essentially means the liquidising of an asset, essentially exchanging any asset for money. The purchasing of items and then selling them for more money than it was bought has been a long standing, traditional method of earning money, and is one of the most common as well as the most effective ways to earn money in the world today. There are several ways one can sell the item one has bought at a higher price. One method is to decrease the price of the item upon purchasing it which can be done in several ways, such as buying the item in bulk, thereby gaining a discount, and selling the items piece by piece at a normal sale price, thereby earning profit. Another time honored method of gaining profit is by increasing the value of the product itself.
In the realm of real estate, property is generally not bought in bulk. Instead, value is added to the property upon purchasing of it, thereby allowing the owner of the property to sell it at a higher price than it was bought, earning profit in the process. One of the best ways of selling your property for a higher value than it was bought is by obtaining a development permit for your property before selling it. A development permit is essentially an official permit that allows the owner to modify, alter and otherwise re-develop the property that is in their ownership for commercial purposes. Modifying ones property for commercial purposes is not allowed unless the owner of said property possesses a development permit. However, getting a permit can often be a long, grueling, time consuming and expensive process, hence a lot of people tend to avoid the process altogether.
However, if you were to obtain a development permit for the property you own before you sell it, you will find that the value of your property will have generally increased, particular now as the development sector is thriving across Australia.
One of the main reasons that property values increase when a permit is approved, is because the owner has saved potential buyer that were looking for a property a huge amount of hassle and stress untangling, unraveling and otherwise solving all of the complicated council restraints that come with the territory of obtaining a development permit for a property.
The potential buyers may be purchasing these permit approved properties at a premium price, however this outweighs the risks associated with waiting in councils for sometimes up to 3 years. Subsequently reducing their holding costs, which often, can be a large portion of the projected profit for a project. The buyers can generally start pre-sales even prior to settlement on the property.
