Question 1

What is pre-construction real estate?

Accepted Answer

Pre-construction means buying a unit in a building still under development, typically 18-36 months from delivery. Buyers lock in today's price, pay 20-30% in deposits over the construction timeline, and close at delivery. By delivery, comparable units have usually appreciated 15-30%, giving investors immediate equity. It also avoids competing with cash buyers in the resale market.

Question 2

Can foreign buyers purchase pre-construction in Miami?

Accepted Answer

Yes. Foreign nationals — including Turkish citizens — can buy pre-construction units with no U.S. credit history, residency, or visa required. Most developers accept 25-40% deposits structured over construction milestones. Miami Emlak coordinates Turkish-language contracts and remote signing through consular notarization.

Question 3

Which Miami pre-construction projects offer the best ROI?

Accepted Answer

Branded residences (Bentley, Pagani, St. Regis, Waldorf, Cipriani) command premium pricing but show the strongest long-term appreciation. Mid-tier oceanfront and Brickell luxury delivers the best balance of cash flow and equity growth. Entry pre-construction in Edgewater, Hallandale, and West Palm Beach offers strong yields with lower capital commitment.

Question 4

How does the deposit structure work?

Accepted Answer

Typical Miami pre-construction deposit schedules: 10% at contract, 10% at groundbreaking, 10% at top-off (structure complete), and balance at closing. Deposits are held in escrow per Florida law. Some developers offer extended schedules, developer financing at delivery, or rate buy-downs for international buyers.

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