The Ugly Truth of Miami Pre-Construction Condos

Miami Pre-Construction Condos - The Ugly Truth! 🗞
Whenever a new Miami condo is announced terms such as “LUXURIOUS” or “THE BEST” are often casually thrown around.
Buyers are therefore left in a state of uncertainty, wondering what to focus on when everything seems to be described as great.
There are some questionable activities happening in the Miami pre-construction condo market. Realtors, who are supposed to have their buyer’s best interest in mind, are often not seeing the red flags. They might ignore them or quite simply lack the experience to even notice them.
There is some ugly truth to the real estate business we want to make you aware of so you know you have someone who warns you and who has your back. Below we go into the more troublesome aspects of the market, which are very rarely talked about.
CHAPTERS ⬇️
0:00 Intro
1:38 Construction Loans
2:28 Ground Breaking
3:38 Rental Buildings
4:29 Floor Plans
5:59 Developers Track Record
7:00 Value Engineering
8:06 Brands
9:43 Outro
Check out the full blog article! 💻 luxlifemiamiblog.com/the-ugly...
📲 David Siddons | 305.508.0899 | [e-mail]
#MiamiPreConstructionCondos #MiamiNewConstructionCondos

[@adriaba790]

Thank you Mr Siddons for telling the truth, even when it's ugly!!! As you say in UK : Cheers! And a very Happy New Year!!

[@news4market]

Loved this content! Thanks from Lisbon, Portugal

[@StephaneGiraudon]

Thanks for the video and especially the direct speech ! That's nice to hear someone who says really what he thinks about Miami market. 👍

[@scottbarker21]

I have not met David yet, but I truly believe he would be a valued advisor in the purchase of my condo- It comes across so clearly in his videos- I've watch several of them- a real straight shooter.

[@Peter-tk6rm]

New subscriber. Excellent content. Thanks David👍😎

[@Peter-tk6rm]

I live in Australia. ( Gold Coast ) So many building firms have gone under in the past few years. Established names 50 years plus Gone. It's accelerating at a remarkable pace. 48 % of new builds have serious defects. Our once Great construction reputation is Toast. Greed is destroying integrity in all facets of development.

[@user-ti7us2bl7b]

Nowadays, you place a high importance on construction quality. Thanks to my experience in Dubai, I am sure that the luxury of apartments is not synonymous with a decent condominium assembly.

[@JordiMilson]

I absolutely agree, however things are far better in Sunny Isles. Dezer Development demonstrated this with instances such as the Trump Towers and, in particular, the Porsche Design Tower

[@user-ti7us2bl7b]

@@JordiMilson Is it the one with the specially designed lift for your car?

[@JasonWilson-td5cr]

@@user-ti7us2bl7b Yes, they constructed the Porsche design tower using the house-in-the-sky concept. So you don't have to meet anybody else again - just you and your car, standing next to the flat with a balcony the size of a garden.

[@user-ti7us2bl7b]

@@JasonWilson-td5cr I believe the demand for such units is only increasing?

[@JasonWilson-td5cr]

@@user-ti7us2bl7b Specifically, the Porsche design tower stands out owing to its outstanding reputation and reduced price compared to the still-unfinished condominiums. Furthermore, Dezer Development is now developing a similar Bentley Tower not far away, therefore I believe Porsche's low costs will swiftly catch up with competition in 3-4 years.

[@user-ek9pl6cb7r]

on target david... well done...Jim

[@seva.marketing]

Thank you for the video. Is it common for developers to include a clause in contracts allowing for an increase in the price of pre-construction condos by up to a certain percentage if material costs rise during construction, despite a previously agreed-upon price?

[@DavidSiddonsGroup]

i Seva. It is NOT normal for developers to increase prices once you are in contract!! If you agree to buy a product at a set price then this price should be held to. I have sold Condos for over 15 years and never once had a developer increase the price with my clients. I would never allow it.

[@user-kh3bh5vz2u]

Thank you for the info can wait to invest in Miami 😊

[@MaryNYC1]

Great video. I find it very interesting that Mr. Siddons has never “pushed” or touted the Aston Martin building in Miami. I think that speaks volumes. It looks beautiful from the outside and my understanding is the building has been selling well, but one does wonder how it will hold up in the years to come. I am not in the real estate industry and am just making an observation. Very informative video. Thank you!

[@DavidSiddons]

It's so true. I never pushed it because I hate it! So glad people can read between the lines.

[@azavy]

I saw the layout of this building and I was put off by the floorplan alone. I'm an architectural designer and can spot issues most don't notice 😮

[@Ja-3108]

Hey David, what do you think of the new development Mercedes Benz Places Miami? Are you positive about it?

[@Knightfire66]

"ugly truth" I thought he will say something like "Miami is a swamp, your building could collapse every second"... 😂😂😂

[@jcmelendez323]

Technology is fast and miami usually is the first for everything. Solar panels are usually big black panels on the roof. I wonder if there are any condos with solar windows to save substantially on HOA fees? Or what's the closest you have seen so far?

[@DavidSiddons]

1428 Brickell and St Regis Sunny isles use solar panels

[@Coolman1985]

Do you guys just do condos ? how family homes, townhomes ?

[@AdamLannin]

There is something so breathtaking about these apartments. However, the cost of flats there is very exorbitant, given that it won't be operational for another two to three years.

[@BrittanyCooper-dl3zz]

It is, indeed. As a result, there is a high demand for luxury condominiums, but only for finished developments. Take Dezer Development's infamous Porsche Design Tower, for instance. While most of the units have been nearly entirely sold out throughout the years, some are still available.

[@AdamLannin]

In addition to looking fantastic, this place has considerably cheaper prices than its rivals.@@BrittanyCooper-dl3zz

[@BrittanyCooper-dl3zz]

Personally, I think the demand is more of a reason to admire it than the price. It is a testament to the excellence when practically every item is sold out, even among celebrities like Lionel Messi.

[@rightright6582]

R there proyects that pre-sale but r plain n simple fraud?

[@NerriahRose]

Никогда не стоит доверять подобным роликам, так как они представляют собой ничтожный способ подорвать доверие к порядочным компаниям. Будьте бдительны и не позволяйте себе быть обманутыми!

[@jerrycallender9352]

Buy A N Y T H I N G in Flor i da? NO fuckin' way!

[@azavy]

Ah who cares what you think. FLORIDA IS AMAZING!!!! 💯🙌😎

[@jerrycallender7604]

Flor i da is, perhaps, the most backwards State, second perhaps to Arkansas. I do NOT care what ANYone may think of my posts anymore than I give a fuck what YOU think!@@azavy

[@Knightfire66]

Penthouses for 50+Mio... Still demand is high enough.

[@nabercano_com]

İkimizde adım atmiyoruz ama sürekli göz göze geliyoruz filan falan o ben ona bakarken onun bana baktığını fark ediyorum ve ben ona bakarken saniyelik oda baana bakiyor ağağğğ çocuğa bi takmışım adı soyadı telefon numarası evinin adresi herşeyini biliyorum😂