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FLORIDA BROKERS
PRE-CONSTRUCTION
2
Imagine all the people living life in peace!
Imagine all the people living in a new condo!
Imagine all the people enjoying the Florida life-style!
With us, you can live this dream!
Please check our preconstruction, you only need a small down payment and the rest of the money in 1 or more years.
Each preconstruction has four different phases:
1.Reservation:
In this phase, the prices are in the lowest amount of the future phases,because it gives the developer the oportunity to prove the demand of the actual project. The buyers "reserve" the unit with a deposit of 10% to 20% of the units value, with a "reservation agreement". This money is fully refundable.
2.Contract:
When the developer has the number of required reserves, creates the "hard-contracts " with the " condominium-documents ", are documents that shows full specs detailed legal and technical development. This phase is generally between the first and third month after the "reservation agreement" if the buyer wishes to proceed, the deposit is nonrefundable now.
3.Construction:
Once construction begins construction or "breaks ground", should be given between 15% and 20%, which is required to complete the initial deposit. When the developer finishes the buyers floor an additional 20 % will be required. Then when the building is "topped-off" or the top floor is completed will be required a 20% also. The construction can take between six months and two years.
4.Closing:
Once the development interiors are completed, will be complete the transaction by "closing" the unit. In this phase, the remaining money to complete the purchase will be required, and the mortgage or the cash payoff will have to be available, along with the closing costs and all the typical expenses related to a Florida real estate transaction.