What are the Key Considerations for Pre-Construction Property Contracts?
Yazmin Nieves
Yazmin Nieves
Important Considerations When Buying in Pre-construction (New Developments)
Embarking on the purchase of a property in pre-construction, also known as new developments, requires a thorough understanding of this unique process. Here are some key points to give you a clearer understanding:
What is a property in pre-construction?
A property in pre-construction is a real estate project that has not yet been built. Buyers acquire the property during the early stages, before construction is completed.
Also known as New Developments:
The term "new developments" is often used to refer to properties in pre-construction. These projects represent the creation of new communities, buildings, or residential complexes that are still in the planning or construction phase.
Advantages of buying in pre-construction:
Key conditions when buying in pre-construction:
Remember, buying in pre-construction can be an excellent opportunity, but it is crucial to understand and consider all conditions before committing. This article is informative and does not replace consultation with a certified specialist. Be sure to make informed and secure decisions for your investment!
Meet : Yazmin
Yazmin Nieves Colomer is a highly respected Puerto Rican real estate professional with proven over 30 years of experience, renowned for her dynamic approach and proven ability to generate results. As the President of Caribbean Properties Investments, Inc. since 1993, Yazmin has built an impressive track record in both new development sales and marketing as well as resale transactions. She has successfully represented dozens of developers and real estate projects, sold and marketed thousands of properties, and has personally overseen the sale of more than 15,000 units, including high-end luxury properties and high-rise condominiums.
Under Yazmin's leadership, Caribbean Properties Investments became a dominant force in the market, achieving more than $50 million in annual sales, managing over 60 closings per month, and growing her firm’s portfolio to over 40 new developments and re-sales. She is also recognized for her exceptional ability to conduct market analysis, oversee buyer financials, host sales events, and coordinate sales support staff for the firm’s many represented properties. Known as a problem solver, Yazmin excels at finding creative solutions and navigating challenges, ensuring that every deal is successful.
Yazmin’s extensive experience includes expertise in advertising, branding, presale organization, logistics management, and financing and closing coordination. She has worked on everything from developer conceptions and market analysis to identifying the best products and market trends. Yazmin has collaborated closely with developers, architects, appraisers, contractors, and bankers to create some of the best communities and ensure the success of each project’s planned concept. Her comprehensive involvement in these areas ensures smooth operations from pre-launch through post-sale, helping to secure financial backing and facilitate seamless closings.
Yazmin combines a versed and passionate knowledge in real estate with a warm and cheerful personality, which allows her to build meaningful relationships and create a positive experience for her clients. Engaging and organized, Yazmin’s dedication to exceeding goals and delivering profitable outcomes has earned her the trust and respect of developers, buyers, and sellers alike.
Based in Puerto Rico, Yazmin continues to specialize in all types of properties resales, new developments, new construction, high-rise condominiums, and luxury properties throughout the island and the Caribbean. She is a licensed real estate broker in Puerto Rico and a licensed sales associate in Florida. She is a member of the San Juan Board of Realtors and the Florida Urban and Land Institute of South Florida/Caribbean, and holds several certifications in areas including market analysis, real estate finance and investment, appraisals, mortgage processing and underwriting, and negotiations.
Outside of her professional life, Yazmin enjoys photography, wellness pursuits, spinning, healthy food cooking, exploring nature, gathering with friends, hosting, and meditation. She is also the proud mother of a charismatic 25-year-old daughter, who is currently studying law. Fluent in both English and Spanish, Yazmin is passionate about the multicultural diversity and lifestyle of Puerto Rico.
Her business philosophy centers on exceeding goals, leveraging resources effectively, and fostering growth through proactive decision-making, problem-solving, and strong team building.
What is the difference between Real Estate Agents, REALTORS® and Brokers?
When you embark on the exciting journey of buying or selling a home, you'll encounter professionals who play key roles in this process. Among them, it's common to come across real estate agents, REALTORS®, and brokers.
The Real Estate Agent or REALTOR®
When embarking on the exciting journey of purchasing a property, having a real estate agent by your side becomes a crucial decision.
Where should you buy?
It is important to know where to buy, the area and its benefits. However, to select the right location it is necessary to know the budget we have. As a Real Estate Agent, I can assist you in every step of the way during the selection of the area.
