Buying a pre-construction condo in Miami? Watch this first!
With South Florida’s luxury housing market in one of its hottest cycles in recent history, already-built inventory is in serious short supply. Demand is through the roof, as buyers are snapping up luxury condos as soon as developers can build them.
With Miami developers announcing more ambitious, ultra-luxury, amenity-rich condos to cater to heightened buyer demand, the luxury housing market has come to be dominated by pre-construction projects. We’re also noticing an increasing number of buyers contemplating buying pre-construction condos – some out of choice, some simply because of a lack of housing options on the market.
While buying a condo in its pre-construction phase can turn out to be a great investment, it is quite different from buying a ready-to-move-in condo. If this is your first time buying pre-construction, we highly recommend watching this video, so you can make an informed decision.
In this video, Sep Niakan, founder of Blackbook Properties – a top boutique luxury condo brokerage – will help you understand what it means to buy a pre-construction condo, how is it different from buying ready-to-move-in property, the dynamics of a pre-construction investment, and whether buying pre-construction is the right choice for you. Stay tuned to find out!
➤ Skip to:
00:48 – Miami’s residential real estate market right now
01:19 – Timing a pre-construction/Strategizing
02:40 – How to time the market for the best returns?
04:02 – When to buy a pre-construction condo?
05:14 – Buying pre-construction is the right choice for you, if…
06:43 – Benefits of buying pre-construction condos
➤ For more in-depth reading on Buying a Pre-Construction Condo in Miami, read this mega-guide →
➤ For insider views and analysis of sales, prices, and inventory that summed up Miami’s booming luxury condo market in 2021, read our Annual & Q4 2021 Miami Luxury Condo Market Report here →
➤ Here’s another great video on our channel for Tips on Buying a Pre-construction or New Construction Condo in Miami →
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