At its core, real estate development is a game of risks. Anticipating and navigating around pitfalls that threaten the viability of real estate projects is one of the most fundamental responsibilities for a developer.
While more seasoned developers can see common pitfalls coming from miles away, there’s no guarantee they can outrun the storm using solely traditional processes such as handshake deals and gut instinct.
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https://www.forbes.com/sites/forbesbusinesscouncil/2022/11/30/commercial-real-estate-development-is-an-exercise-in-risk-management/?sh=60e9a9e14ed5