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Is Buying Pre-construction Better than a Resale?

Purchasing pre-construction is attractive to buyers and property investors who take advantage of the lowest possible price for each specific pre-construction development.  The idea is to “get in on the ground floor” and lock in the price early at the moment of reservation or contract.  The time between the reservation or contract and completion of the condominium is usually over a two year period of time, so most buyers see at least a couple years of appreciation before the building is completed at which time they close.  Most developers usually increase prices significantly between the initial launch of the development and completion.

Another compelling reason for buying pre-construction on the Emerald Coast is that a lot of buyers who will be the end users, like the idea of brand new, “never been lived in” condominiums. 

The inventory of pre-construction opportunities are limited along the Emerald Coast.  To view a collection of new condominium developments either on the drawing board or currently under construction in the most sought after locations along the coast, click here or call ResortQuest Real Estate at (888) 973-9343.

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