Miami condo questions.
Clearer next steps.

A pre-construction purchase is agreed before the home is complete, sometimes before construction starts. You review proposed plans and specifications, sign the developer’s agreement and typically make deposits in installments before paying the balance at closing. Ask which approvals and milestones have been reached, what the purchase documents promise and how changes are handled. A rendering helps explain the concept; it is not a substitute for the specifications of the home you are buying.

Pre-construction usually describes a purchase before completion, including projects already being built. New construction is a broader search term that can also include recently completed homes and remaining developer inventory. A project’s sales activity, construction stage and the readiness of an individual unit are separate questions. Ask for current information on all three rather than assuming that a new-construction label means you can move in immediately.

Start with intended use, location and timing. Then compare the actual floor plans, usable interior and outdoor space, orientation, included finishes, deposits, recurring costs, parking, storage and rental rules. Review the developer’s documented history and the proposed amenity operation. Separate private residential facilities from memberships or optional services. Diego can organize the real estate comparison and request documents so your independent advisers can examine the legal and financial questions.

Send Diego the project names you are considering, or your preferred area, bedroom count, budget range and timing. He can request current information and help build a focused shortlist. Availability, incentives and prices can change, so confirm them for the exact residence before making a decision. The website’s collection is a research starting point and is not a live inventory feed.

A developer’s sales team presents its own project. Diego can help you compare several developments, areas, floor plans, deposit schedules, estimated ownership costs and rental rules. That comparison can reveal meaningful differences between homes with similar bedroom counts or advertised prices. Ask about the brokerage relationship and scope of services at the start. Diego’s real estate assistance does not replace independent legal, tax, lending or investment advice.

There is no universal compensation arrangement for every new-development purchase. Broker compensation and any buyer obligation should be discussed and documented before you proceed. A developer may offer compensation to a cooperating brokerage, but you should not assume that representation is automatically free or that every project uses the same terms. Ask who pays, what services are covered and whether any amount would be your responsibility under the applicable agreements.

The schedule depends on the project, residence and purchase agreement. Deposits may be divided among contract signing, later dates and construction milestones, with the remaining balance due at closing. Request a dated schedule for the exact home and ask what happens if a milestone or closing is delayed. Your attorney should review deposit handling, refund rights and other contract terms; do not assume a standard percentage applies across Miami developments.

Financing may be available at closing, depending on the lender, buyer, property and condominium eligibility. Ask a lender early about documentation, expected down payment, appraisal and timing. Deposits paid before closing need their own funding plan. A preliminary lending conversation is different from a binding commitment, and the purchase contract may not make your obligations conditional on obtaining a loan. Have your lender and attorney explain the arrangement for the specific transaction.

An advertised completion target should not be treated as a guaranteed moving date. Ask what the purchase agreement says about timing, extensions, notices and closing. Construction progress, occupancy readiness and a particular unit’s ability to close are different milestones. Before booking movers or making fixed travel arrangements, obtain current written information from the developer and discuss the contractual position with your attorney.

It depends on the project, specific residence, stage of sales and the developer’s current position. A discussion may involve price, deposits, upgrades, closing contributions or other terms rather than a headline discount. Ask for any offer or incentive in writing, including its conditions and expiry. Compare the total transaction and the home itself; a concession is not useful if the layout, location or obligations do not fit your plans.

Rental permissions are project-specific. Review minimum stays, limits on frequency, guest registration, management requirements and any city or other applicable rules. Also ask about owner-use limits, fees, parking and access to amenities for guests. A furnished residence, hotel brand or flexible-ownership description does not automatically establish unrestricted short-term rentals. Request the current written rules for the exact collection and unit before relying on rental use as part of your decision.

Some purchase agreements permit assignments only with consent, fees or other conditions; others restrict them. Ask your attorney to review the specific assignment provisions before you sign. Do not assume you can transfer a contract, market the unit before closing or exit the purchase by finding another buyer. Diego can help request the relevant documents, but the legal interpretation and any assignment agreement belong with your attorney.

Request a transaction-specific estimate from the parties handling your closing and have your attorney review the contract’s allocation of costs. Depending on the arrangement, the estimate may address lender charges, title and settlement services, taxes, recording, prepaid amounts, association contributions and developer-imposed charges. This website does not quote a universal closing-cost percentage. Review the full amount you will need, not only the residence price or the deposit due today.

Much of the process may be coordinated remotely, including presentations, document review and some signing steps. The permitted closing and identity-verification arrangements depend on the transaction and service providers. Confirm those arrangements with your attorney, lender and closing agent. Request current photographs or a live video visit, and arrange any permitted inspection. Verify payment instructions independently through a trusted channel before sending funds.

Independent legal review is useful when a purchase involves a developer’s agreement, substantial deposits or complex ownership questions. Ask a qualified Florida real estate attorney to explain your obligations, disclosures, changes, deadlines and closing provisions. International buyers may also need separate immigration and tax counsel. Diego can help with the real estate search and coordination, but does not interpret the agreement as your attorney or provide legal or tax advice.

International buyers can explore Miami properties, but purchase eligibility and restrictions require an individual review. Citizenship, residency, ownership structure, the property and applicable law may matter. Before signing, ask an independent Florida attorney to confirm whether the proposed purchase can proceed and what disclosures or restrictions apply. Separate tax, financing, estate-planning and immigration questions should go to appropriately qualified advisers. Property ownership does not itself grant permission to live or work in the United States.

Buying an individual condo does not by itself qualify someone for EB-5. A development may be associated with a separate investment offering through a qualifying new commercial enterprise, with its own documents and requirements. Project-related filings do not guarantee approval of an investor’s petition or a green card. Diego does not provide immigration services or immigration advice. Read the EB-5 overview and have an independent U.S. immigration attorney assess any proposed investment and your circumstances.