Buying a Miami pre-construction condo

A reservation, a signed contract and a closing are three different stages. Know which one you are at, and what each commits you to.

Start with use and timing

A residence for next season and a home planned several years ahead belong in different searches, even when their advertised prices look similar. Identify whether the building is planned, under construction or reported complete, and whether that status applies to the exact tower you are considering.

Reservation, contract, closing

Before committing, obtain the offering documents, the actual floor plan, the deposit schedule and a written description of included finishes, parking and services. Ask your attorney to review cancellation rights, permitted changes, delay provisions and your obligations if financing becomes unavailable.

Florida’s condominium law gives buyers specific disclosure rights. A marketing summary does not replace the documents that apply to your purchase.

An estimate is not a contract term

Delivery dates in marketing are estimates. The contract defines what happens if construction takes longer. Read that clause with the same attention as the price.

Compare with a completed alternative

Where possible, include at least one completed building in your comparison. A future residence may offer a particular design or service model, while a completed one lets you inspect actual conditions and operating costs. Neither format guarantees better investment performance.

Raphael can organise the comparison and identify the documents still missing for each project on your shortlist.

Ask a question

A name, an email and your question are enough. Raphael replies personally.

Please do not include passport, bank or other sensitive documents.

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