This site contains almost all pre-construction condominiums and pre-construction townhouse projects in Miami and Miami-Dade County, formerly Dade County. We do NOT represent the developer. If you have an interest in pre-construction townhouses, Miami condos, Miami pre-construction, Miami Beach pre-construction we will represent you at no cost or expense. Why? Because we are compensated by the developers.
It makes no difference if the pre-construction project consists of condominiums, townhouses, or single family homes. Most developers of these projects offer discounts to buyers who purchase before ground is broken. These discounts are often reduced; i.e., the prices are increased as the project proceeds and the developer meets his sales objectives, and financing requirements.
Many people consider an investment in pre-construction condominiums an excellent investment opportunity. As contrasted to re-sales, you have a brand new property with all of the attendant warranties. Some people make this type of purchase because they have no immediate need to occupy the premises. In all cases, delivery of the property will months to years away, and frequently more in the case of condominiums. Corporate housing is also an up and coming market that should be looked at by serious realtors.
Buying into pre-construction has risks. All contracts favor the developer. The developer is NOT liable for expenses you incur if the product is not delivered on the due date. A developer’s financial difficulties can delay occupancy while his project is re-financed, liquidated, or sold. The developer keeps your deposit(s) if you are unwilling or unable to make up the difference between the contract price and the appraised value. There is a high probability you most likely have lost your deposit if the developer goes into bankruptcy. You are forced to close when the contract calls for a close –usually upon the CO being obtained. In the case of a condominium this almost always means before the building is totally complete; i.e., lobbies are still under construction, elevators are still being used for construction purposes, landscaping is incomplete, etc. In other words, the governing municipality granting the CO considers the building safe for occupancy regardless of inconveniences to the occupants.
If you are interested in any type of pre-construction we will be pleased, at no cost or obligation to you, to escort you to as many sales offices as necessary until you are satisfied.