Market intelligence for considered buyers

What to Ask Before Reserving a Pre-Construction Condo

A reservation should follow essential project and contract questions, not precede them. Reservation terms can create deadlines, payment obligations, or refund limitations. Ask who owns the land, which entity signs the contract, what permits exist, how construction is financed, what the developer has delivered, and whether funds receive any protection. Clarify unit specifications, usable area, view, parking, storage, amenities, payment milestones, delivery definition, grace periods, penalties,...

By Alberto Lama

A reservation should follow essential project and contract questions, not precede them. Reservation terms can create deadlines, payment obligations, or refund limitations.

Ask who owns the land, which entity signs the contract, what permits exist, how construction is financed, what the developer has delivered, and whether funds receive any protection.

Clarify unit specifications, usable area, view, parking, storage, amenities, payment milestones, delivery definition, grace periods, penalties, cancellation rights, substitutions, closing costs, and refund process.

Do not rely on verbal assurances. Material promises should appear in the reviewed written agreement or its attachments.

THE CANCUN COLLECTION represents buyers rather than a single development. Before making a commitment, obtain property-specific legal, tax, and financial advice from qualified professionals and request current verified information.

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