The executive vice president of Elite Building Corp in the Boston area, Michael Snedeker has extensive experience in commercial construction and real estate development. Responsible for identifying potential projects, Michael Snedeker negotiates financing and develops marketing strategies for commercial real estate projects.
In addition to market knowledge, real estate developers must have highly tuned interpersonal skills and communication skills. Communication encompasses more than just the words people use; it includes their body language, their ability to pick up on social cues, and their attitude toward others. Good communicators also listen actively to clients, investors, and project managers to effectively vet new ideas and resolve conflicts.
The ability to negotiate is another essential skill for real estate developers. To effectively negotiate, negotiations must be based on the reality of the market, the condition of the property, and the needs of both sides.
Patience is also a skill that pays off in real estate transactions. Many commercial deals take months or even years to close, and developers must be able to patiently handle any problems along the way.
In addition to market knowledge, real estate developers must have highly tuned interpersonal skills and communication skills. Communication encompasses more than just the words people use; it includes their body language, their ability to pick up on social cues, and their attitude toward others. Good communicators also listen actively to clients, investors, and project managers to effectively vet new ideas and resolve conflicts.
The ability to negotiate is another essential skill for real estate developers. To effectively negotiate, negotiations must be based on the reality of the market, the condition of the property, and the needs of both sides.
Patience is also a skill that pays off in real estate transactions. Many commercial deals take months or even years to close, and developers must be able to patiently handle any problems along the way.
