Ilia Development Group

Buyers usually register interest first, which can give early access to pricing and floor plans. After choosing a unit, you sign a purchase agreement and pay deposits in stages set out in the contract. Many projects offer occupancy or closing only once construction is complete, and the balance is due at closing.

For new condos in Florida, buyers have a 15-day rescission period under FS 718.503. This protection applies to condos only, so it does not cover the townhome project, ONYX TOWNHOME VILLAS. Have a real estate attorney review the contract and disclosures.

Pre-construction purchases typically use staged deposits paid over the build period, so a buyer secures a unit now and pays the balance at closing. This can spread out the capital commitment, but it also means the buyer carries market and timing risk until completion.

When evaluating Ilia Development Group projects, compare each location's supply of new condos, likely rental demand, and the unit type. Condos and townhomes can appeal to different tenants and owners. Check HOA or condo fees, rental rules, deposit terms and the completion schedule. Nothing here predicts appreciation or returns.

Florida buyers should plan for staged deposits on pre-construction homes, often larger than a typical resale down payment. Exact schedules are set in each project's purchase contract, so confirm them before signing. Ask your lender early how they treat a purchase that closes well after you sign.

Incentive and assistance programs for first-time buyers exist in Florida, but eligibility rules, price caps and availability change and may not apply to every new-construction project. Verify with a lender or the program administrator. Registering early can give you earlier access to floor plans and unit selection before they narrow.