Blue Road

Most buyers start by registering interest in a project. That typically gives access to floor plans, price lists and availability. Then you reserve a unit and sign a purchase agreement. Deposits are paid in stages, as set out in the contract, while the building is under construction.

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 townhome. Read the contract and disclosure documents carefully and have a Florida real estate attorney review them within that window. Closing happens when the unit is complete and the balance is due.

Pre-construction lets a buyer reserve a unit with staged deposits instead of paying the full price up front. The buyer controls the unit while the building is designed, approved and built. That structure carries risk as well as flexibility, because market conditions can change before completion. Nothing here predicts appreciation or returns.

Before buying, look at the factors that vary by location. Compare Blue Road's projects in Miami, Miami Beach, Palm Beach and Naples on nearby supply, how quickly comparable units sell, and rental demand. Home type matters too, since condos and townhomes attract different tenants and buyers. Also review the deposit schedule, the HOA or condo fees, and the expected completion date.

Pre-construction usually requires a larger deposit than a resale purchase, paid in stages. The exact amounts and timing are set in each project's purchase agreement, so check them before you commit. Confirm your financing options early, because the mortgage is settled at closing, often well after you sign.

Incentives and buyer programs differ by project and by your own eligibility. Ask the sales team and a lender what applies to you. Registering early can give you first access to floor plans and pricing, and more time to plan your deposits.