Pre-Construction Buy and Close
The ability to assign a pre-construction unit is less likely now that in the past few years. If you are looking at pre-construction, chances are you will be required to close the transaction. Some developer contracts will allow you to immediately sell the unit after closing, while other contracts might require that you hold the unit for a year or more. This is because developers, or rather their financing groups, want to be sure they have end-user buyers and not just investors. A unique and exciting pre-construction project is First Street Village in downtown Fort Myers an Urban Village with retail, office, townhomes, flats, and live/work spaces.