A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.
A master plan is both the process by which analysis is undertaken and strategies are prepared, as well as the resulting coordinated proposals for buildings, infrastructure, spaces, circulation, and land use etc.
A financial forecast is a fiscal management tool that presents estimated information based on past, current, and projected financial conditions. This will help identify future revenue and expenditure trends that may have an immediate or long-term influence on policies, strategic goals, or services.
Loan pre-qualification involves supplying a bank or lender with an overall financial picture, including debt, income, and assets. The lender reviews everything and gives an estimate of how much the borrower can expect to receive. A pre-qualification is a good indication of creditworthiness and the ability to borrow, a pre-approval is the definitive word. The borrower must complete an official mortgage application to get pre-approved, as well as supply the lender with all the necessary documentation to perform an extensive credit and financial background check. The lender will then offer pre-approval up to a specified amount.
Simply put, due diligence for land purchase involves examining the transaction contract, existing documentation, and the physical condition of the piece of land. The entire process helps detect potential discrepancies between the assets so buyers and sellers can resolve them before the transaction closes. This can improve transaction ROI and catch errors before they become costly.
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