PPF Real Estate

Buyers typically register interest, receive pricing and availability, select a unit and sign a purchase contract. A deposit is paid at signing, with further deposits often due at set milestones. Closing happens when the home is completed and ready for transfer, and the timeline can shift as construction progresses.

For new condos in Florida, FS 718.503 provides a 15-day rescission period. This applies to condos only. Have an attorney review the contract and disclosures within that window.

Buying pre-construction usually means paying a deposit in stages, so a buyer controls a unit well before completion. That can spread out the capital required, but it also means the money is committed while the building is unfinished. Nothing here predicts appreciation or rental returns.

Before buying, look at local supply of similar units, how quickly comparable homes sell or lease, and whether the home type suits renters. Also compare the deposit schedule, HOA or condo fees, assignment terms and the expected completion date. Read the full contract and disclosure documents with a Florida real estate attorney.

Pre-construction purchases generally require a deposit, and the amount and schedule are set by the builder in the purchase contract. Check each project for its specific terms. Florida buyers should also confirm whether any state, local or lender-based assistance programs apply to new construction, and verify eligibility directly with the program.

Registering early can give you access to project information, floor plans and pricing as they're released, and may put you ahead of general availability. Registration is not a purchase commitment.