The Kolter Group

Most buyers register interest first, then get access to available units and pricing as a phase releases. After you choose a home and sign the purchase agreement, deposits are paid on a schedule. Closing follows completion of the home or building.

In Florida, buyers of new condos have a 15-day rescission period under FS 718.503. This applies to condos only, not to townhomes. Have a real estate attorney review the contract and condo documents during that window.

Pre-construction purchases typically let a buyer secure a unit with a staged deposit, then pay the balance at closing once the building or home is complete. That gap means your capital is committed for a period before you can use or rent the home, so plan for the full timeline.

Before buying, compare each project's location, home type (condo or townhome), and rental demand in that city. Look at how many comparable units are being released nearby, HOA or condo fees, and the estimated completion date. Prices at closing can differ from today's market in either direction, so no outcome should be assumed.

Expect to put down a deposit, usually paid in stages, in addition to closing costs. The amount differs by project, so confirm the schedule in the purchase agreement. Florida has first-time buyer assistance programs, often run through the state housing finance agency and local governments. Eligibility and funding vary, so check current terms with a lender.

Registering early can give you earlier access to floor plans, pricing and release information before units are widely marketed. It also gives you time to arrange financing and review documents.