Define the residence before the shortlist.
A purchase before completion involves a different evidence set from an existing residence. Ask for current developer materials and have independent counsel review the actual agreement before committing deposits.
Three checks that change the answer.
Read the offering and purchase agreement.
Map each deposit and due date.
Ask how delays and termination are addressed.
Identify the exact contract product
Confirm the legal project, unit plan, planned amenities, deposit schedule and escrow terms. A brochure or rendering cannot replace the offering documents.
- Read the offering and purchase agreement.
- Map each deposit and due date.
- Check specifications and allowed changes.
Prepare for changing timelines
Delivery may shift; confirm current status directly with the developer and plan financing and housing arrangements with that uncertainty in mind.
- Ask how delays and termination are addressed.
- Compare projected fees with available resale evidence.
- Recheck loan and insurance terms nearer closing.
Make the comparison specific.
Verify contractual protections and project progress for the specific opportunity; no completion date is implied here.
Verify contractual protections and project progress for the specific opportunity; no completion date is implied here.