subject: Buying An Icon Brickell Condo? Get The Helpful Tips On Buying New Construction [print this page] Icon Brickell is the latest luxury condo building to join Downtown Miamis army of concrete giants that continuously change the citys magnificent skyline. The condo is currently under construction and will feature three buildings, (North Tower, South Tower, and Viceroy Tower) planted on an expansive plaza. Like other new construction condos, there are several things that make it different from conventional real estate purchase. If you're interested in buying such condominium, here are some tips to help you do it right.
Choose an experienced agent
New construction properties, like Icon Brickell, arent the same as with other real estate properties. When it comes to the real estate agent, its of crucial importance to hire someone who is equipped with the right knowledge of this certain part of the market. The agent must have enough experience in handling new construction demands and, of course, have your best interest at heart.
Dont skip the inspection
In some ways, buying something like an Icon Brickell condo unit is the same as conventional residential purchase. You still need to stage a home inspection. Most buyers oftentimes skip this part because they are confident of the structure of the property owing to the fact that its new. Still, you need to determine that the structure is indeed safe and excellent through your own professional home inspector.
Shop for the loan
Even if you cannot live at the condo immediately, you still need to pay for deposit. Financing is an integral part of any home-buying activity. If the developers offer you their own lenders, discuss it first with your agent. However, it is oft-advised to choose your own lender for this kind of purchase. This way youll know that the lender will not have any other interests than his or her own.
Research the builder
You must know just who are building your future home. You may not want to rest your future condo-ownership to someone with a history of slipshod and questionable work. For this matter, it is important to gather your resources and use them to research on the builder of the condo.
Get ready for the appraisal
Even if you're buying a new construction, like the Icon Brickell, your lender will most likely require an appraisal. Like with other real estate purchase, it is vital to have the necessary finances for these sorts of expenses. You must have enough money allotted not only for the appraisal but for other costs as well, especially those that can surface when you're about to close.
