18-38.Instead of buying land outright developers may prefer:

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Developers may prefer to use options to purchase instead of buying land outright as it allows them to control the property without actually owning it. This can be advantageous for developers who may not have the funds available to purchase the land outright or who want to minimize their risk. With an option to purchase, a developer can agree with the landowner on a purchase price, but is not obligated to buy the land until a later date. This gives the developer time to secure financing, obtain necessary approvals, and assess the viability of the project before committing to purchase the land.

18-38.Instead of Buying Land Outright Developers May Prefer