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← Glossary

Developer

A developer is the company that acquires a property, builds or improves it, and brings it to market. Some shared-ownership companies act as developer-sellers: they buy a home first and resell shares at a markup. GoForth works differently. Its owners buy the home together at market price, with no markup, through an LLC that GoForth sets up. GoForth sources the home, handles the purchase and closing, designs and furnishes it for a one-time design and furnishing fee, and then manages it. Several GoForth homes sit within branded-residence developments, such as St. Regis Papagayo.

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