Bayshore Grove Capital

Buyers typically register interest first, which can give access to availability and pricing before wider release. After choosing a unit, you sign a purchase contract and pay deposits on a set schedule, often at signing and at later construction milestones. Final payment is due at closing, once the home is completed and ready for transfer.

For new condos in Florida, buyers have a 15-day rescission period under FS 718.503. This applies to condos only, so it does not cover the single-family project. Have a real estate attorney review the contract and disclosure documents within that window.

Buying pre-construction usually means paying a deposit in stages instead of the full price up front. That lets a buyer reserve a unit now and close later, once the building is complete. Whether that suits you depends on the project and on your finances.

Before buying, compare the home type, since condos and single-family homes behave differently as rentals. Look at local rental demand, how much new supply is nearby, and how quickly comparable units are selling. Also check the carrying costs, including HOA fees, taxes and insurance. Read the contract closely, and consider the risk that values or rents may differ from your assumptions at closing. Nothing here predicts appreciation or returns.

First-time buyers should plan for a staged deposit, which is often larger than a typical resale down payment. Confirm the exact schedule in each project's contract. Ask a lender early about financing, because approval is needed closer to closing and not only at signing.

Florida and federal first-time buyer assistance programs exist, but eligibility, income limits and availability change, and they may not apply to every new-construction project. Check current terms with a lender or housing agency. Registering early can give you earlier access to floor plans and pricing, and more time to prepare.