Property Markets Group

Buying usually starts with registering your interest, which can give first access to available units and pricing. You then select a unit, sign the purchase agreement and pay the initial deposit, followed by further deposits on the schedule in the contract.

Construction takes place over a period of years. At completion the buyer closes on the unit and pays the balance. For Florida condos, buyers have a 15-day rescission period under FS 718.503, which applies to new condos. Have a lawyer review the contract and condo documents within that window.

Buying pre-construction lets a buyer secure a unit with staged deposits instead of paying the full price up front, so the commitment is spread over the build period. That structure ties up capital for a long time before closing, and the market can shift between contract and completion.

Before buying, compare projects on factors that vary by city: how much new condo supply is coming, how quickly units are being absorbed, rental demand in the neighborhood, and unit size and type. Also review the deposit schedule, assignment terms, any rental restrictions in the condo documents, and carrying costs such as HOA fees and taxes. Nothing here is a prediction of appreciation or returns.

Pre-construction condos typically require a deposit paid in stages, often a portion at signing and further amounts at set milestones. The total depends on the project, so check the deposit schedule on each listing. You will also need to qualify for a mortgage closer to completion, not at signing, so your finances at closing matter.

Incentives and rebates vary by state and change over time, and many are aimed at resale or specific buyer categories. Ask the sales team and a lender what applies to you. Registering early can give you earlier access to floor plans and pricing before wider release, when selection is usually broadest.