To check real estate developers, start by verifying their reputation through online reviews, industry awards, and references from past clients. Review their financial stability by examining their track record in completing projects on time and within budget. Check legal compliance by researching licensing status with state real estate boards and the Better Business Bureau (BBB). Analyze their portfolio to assess quality and market alignment. Finally, consult independent audits or third-party evaluations for unbiased insights.

This approach ensures transparency and minimizes risks. According to the BBB’s 2022 report, 35% of real estate-related complaints involved project delays, highlighting the importance of verifying a developer’s completion history. A 2021 Urban Land Institute study found that developers with strong financial backing had a 90% success rate in project delivery, underscoring the need to assess fiscal health. Additionally, the National Association of Home Builders (NAHB) notes that 60% of disputes stem from miscommunication, emphasizing the value of thorough due diligence. Legal checks are critical, as the BBB reports that 25% of developers with unresolved BBB complaints face regulatory penalties. By combining these steps, buyers can mitigate risks and ensure accountability.