New homes & pre-construction in Orlando

Buying pre-construction typically starts with registering your interest, then getting first access to pricing and floor plans. If you proceed, you sign an agreement of purchase and sale and pay deposits in stages. Before final closing, many condo buyers take interim occupancy, paying occupancy fees while the building is completed and registered. Final closing follows, when you pay the balance and take title.

In Ontario, new and pre-construction condos carry a 10-day cooling-off (rescission) period under the Condominium Act. This does not apply to freehold houses. Have a lawyer review the agreement within that window.

Pre-construction lets a buyer secure a unit with a staged deposit rather than the full price, and the balance is due at closing, often years later. That structure creates leverage, but it also means you carry the risk of market changes, financing conditions and delays before you ever receive the keys. Nothing about it guarantees a return.

For Orlando, consider how many condo units are being offered against how quickly they are being absorbed, what comparable resale and rental units cost, and whether a project's concept, such as a resort-branded residence, suits long-term rental or personal use. Review the builder's track record, the deposit schedule, assignment rules, and expected monthly carrying costs and condo fees. Speak with a lawyer and a financial adviser before committing.

The deposit is usually the first hurdle. Pre-construction deposits are paid in stages, commonly at signing and at set dates afterward, so you can plan cash flow over time. Exact amounts vary by builder and project, so check each agreement. In Ontario, well-known programs for first-time buyers exist at the federal and provincial level, but eligibility and terms change, so confirm current details with an official source or your advisor.

Registering early matters because builders often release units, pricing and floor plans to registrants first. Early access can give a wider choice of floor plans and premiums, though it does not remove the need to read the disclosure and agreement carefully.