Category: Pre-Construction

4 phases of buying a pre-construction in Miami, FL

1. Reservation┬áThe reservation phase is the earliest phase of the project where the developer is still making plans with the city and state, and the building only exists as a vision in blueprints and other renderings. During this phase, the buyer is requested to sign a non-binding reservation agreement and…

8 Things You Should Know About Pre-Construction Agreements

The following are the most essential elements that every investor/buyer should know regarding pre-construction agreement in Miami, FL: 1. They are Unilateral Contracts. The developer drafts the contract and sets all the rules. The purchaser isn't entitled to make any changes. It is also known as a contract of adhesion. 2.