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Pre Construction
Advantages - More Choices - Lower Pricing - Greater Appreciation
Typical Questions and Answers
on Pre Construction
Why Does a Developer need to Pre-Sell?
Construction lenders require a developer to pre-sell a proposed development to virtually
test the market looking for sufficient sales to cover the amount of the proposed
construction loan. This gives both the lender and potential investors confidence in the
Development.
How does the buyer benefit from pre-construction purchase?
Lower introduction pricing to get the sales going, choice selections, and upon project
completion the market has demonstrated significant appreciation in value.
How can I be sure my deposit monies are secure?
The deposit is held by an entity that is independent of the developer. The construction
funds are held by the Lender and disbursed by the Lender through draws to the General
Contractor. A small percentage of your deposit is normally used for construction.
When does construction begin?
When all of the following requirements and approvals are met:
1. Approval of Plans and Specifications by various governmental agencies.
2. Approval of Condominium Documents by State of Florida.
3. Execution of sufficient number of Sale and Purchase Agreements and Deposits sufficient
to meet lenders requirements.
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Important Investor Information Read this What
we do for Buyers > Our Process Buying
Pre-Construction Click Here
Example = Condo Investment Analysis> Click Here Sample Condo Rates & Seasons> Review Here
Flipping, Tax Consequences and more
Click Here
Understanding a 1031 Exchange Click Here
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Florida's Largest Real Estate Office and Home of The Top Team
Michael 'Max' Kuzmicz, Administrator - Get Detailed Investment Information &
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$290's Up New Gulf Beach Investments from the $370's
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$450's Up Gulf and Waterfront Pinellas
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Pre Construction
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