surfside collapse

Condo Owners Stuck With Homes No One Will Buy As They Wake Up To Grim Repercussions Of New Laws

Across the state, frustrated sellers are slashing prices—sometimes as low as $10,000—yet still failing to attract buyers. The crisis stems largely from stricter safety regulations introduced after the deadly 2021 Surfside condominium collapse. These laws now require older buildings to undergo structural inspections and maintain fully funded reserves for major repairs.

Condo Owners Stuck With Homes No One Will Buy As They Wake Up To Grim Repercussions Of New Laws Read More »

New Condo Laws Are Compelling South Florida Residents To Sell Their Homes — Here’s The Major Requirement And Why ‘Nobody Is Happy’

Recent state laws now require condos to maintain substantial cash reserves to cover major repairs and undergo inspections for buildings three stories or taller. These regulations are pushing more condo owners to sell their homes.

New Condo Laws Are Compelling South Florida Residents To Sell Their Homes — Here’s The Major Requirement And Why ‘Nobody Is Happy’ Read More »