News
December 01, 2017
South Florida Condo Developers Open Door to Lower Deposits
South Florida condominium developers are decreasing the deposit requirements for buyers, but why is up for debate.
Buyers who want to buy at Canvas, a 513-unit building rising at 1630 NE First Ave. in Miami; Aria on the Bay, a 648-unit tower rising at 1770 N. Bayshore Drive in Miami; and Riva, a 100-unit building completed in Fort Lauderdale, can put down 20 percent. That’s less than the previous requirement of 50 percent, although Riva previously required only 35 percent.