What pre-construction means
In pre-construction you buy a unit in a project that is not finished yet, or that is under construction, according to the developer’s contract. It is not the same as buying a home that is already delivered: the schedule, payments and document review follow each project’s own rules.
The usual steps
- Conversation. We start with what you are looking for and your goals — to live there, to invest, or both — and which part of Miami you want to consider. We talk about a budget you are comfortable with. If you later need a loan, you choose who you work with for financing.
- Project selection. We review pre-construction or new-home projects that fit, using official developer information: unit types, construction status, the indicated delivery date and, when there is one, a published starting price. Unverified figures or pressure tactics are not how this work is done.
- Contract and documents. In Florida, the condominium statute (Florida Statutes 718.503) gives a buyer, in a developer sale, a period to review those documents and, by giving written notice, to cancel in certain cases. Confirm the current statutory text and the contract for the project you are considering.
- Deposits and closing. The developer sets its payment schedule. Closing happens when the unit and the project are ready under that contract. If you need financing, it is usually reviewed toward closing, not on the day you sign with the developer.
General information, not an offer or legal advice. Confirm deposits, timelines and documents on each project.