The subsequent few months in the process of constructing a new Miami real estate home could prove to be quite an overwhelming and time consuming task. One must realize how difficult it is, if not impossible, to ascertain that the whole venture is going to proceed smoothly, without too many hang-ups.

When buying a home in the Miami real estate market while it is under construction one must be aware of some key notes. First, the contract of purchase and sale must be clear and elaborate enough in delineating the buyer’s expectations. Hence, it must describe the specifications as well as the details of the materials used and labor employed that will satisfy one’s buying agreement. These forms of agreement are designed to provide an enforceable agreement between the selling developer and the buyer.

If the Miami real estate developer requests for a deposit or down payment make certain that the payment is going to be deposited into a trust account because if the agreement should default, return of the deposit to the payee is imperative. On the other hand, if the Miami real estate developer wishes to hold the deposit as a stake holder, it may be more difficult to have it returned. In addition to the standard contract of purchase and sale, one should also include a sheet for specifications and the plans for the house. Building contracts are quite long, complex documents and both the selling builder and buyer should obtain legal advice prior to engaging into a building contract.

Insist that before the date of turn-over, both parties should conduct a walk-through of the property. Make sure that all the work is completed as agreed upon. At this moment, both the buyer and the seller should sign and date the list. Both parties should procure copies of it.