What Every Miami New Construction Condo Buyer Needs to Know Before Signing the Deal

Описание: #BETTERDECISIONS PODCAST! 🎙 🔥

The Best Miami Real Estate Podcast!

👨‍⚖️What Every Miami New Construction Condo Buyer Needs to Know Before Signing the Deal

In this episode of the Better Decisions podcast, I’m sitting down with Greg Herskowitz, one of South Florida’s top real estate attorneys, to talk about something I know many buyers are curious (and sometimes nervous) about: pre-construction condo contracts. 🏗️✨

When buying a pre-construction condo in Miami, it’s crucial to fully understand the risks and protections involved. Pre-construction condo contracts can be complex, and common mistakes often stem from overlooking crucial terms, like deposit usage and developer deadlines. To avoid disappointments, make sure you're clear on your cancellation options, understand the developer's obligations, and negotiate terms that safeguard your investment. A well-informed buyer knows how to protect their interests and can leverage their position for better terms. Before committing, use a detailed checklist to ensure you're fully prepared, and always work with professionals who can guide you through the intricacies of these contracts. Understanding these elements will help you navigate the pre-construction market with confidence and avoid costly missteps.

⏱️ Episode Chapters:
00:00 – Teaser Intro
00:45 – Podcast Introduction: Meet Greg Herskowitz
01:15 – What Makes Florida Pre-Construction Contracts Unique
02:25 – The Importance of Hiring an Attorney for Pre-Construction Deals
03:10 – How Pre-Construction Payments Work
05:50 – Estimated Completion Dates vs. Actual Delivery Timelines
08:20 – Force Majeure Clauses and Delays Explained
10:30 – How Developer Track Records Influence Projects
13:15 – What Buyers Can and Can’t Negotiate in Contracts
15:05 – Financial Obligations and Developer Flexibility
18:30 – Temporary Certificate of Occupancy (TCO) vs. Certificate of Occupancy (CO)
21:05 – Key Walkthrough Steps and Punch List Creation
23:50 – Negotiating Timelines for Closing and Deliverables
26:15 – How Pre-Construction Deals Vary Between Miami and NYC
28:50 – Understanding HOA Fees and Budget Estimations
31:45 – Hidden Costs at Closing: What to Look Out For
34:20 – Working with Reputable Developers and Agents
36:40 – Tips for Inspecting Pre-Construction Deliverables
39:10 – Managing Expectations for Building Materials and Amenities
42:30 – Final Takeaways for Pre-Construction Buyers

📖 Read the full blog article here:
https://luxlifemiamiblog.com/what-eve...

👨‍⚖️ About Greg Herskowitz:
Greg Herskowitz is a leading real estate attorney in South Florida with decades of experience working with buyers, developers, and investors. His expertise in pre-construction condo contracts has made him a trusted advisor to many navigating Miami’s dynamic real estate market.

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📲 David Siddons | 305.508.0899 | [email protected]

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