{"id":239318,"date":"2026-04-20T19:30:07","date_gmt":"2026-04-20T19:30:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/239318\/"},"modified":"2026-04-20T19:30:07","modified_gmt":"2026-04-20T19:30:07","slug":"condo-market-shifting-in-south-florida-as-new-laws-drive-costs-slow-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/239318\/","title":{"rendered":"Condo market shifting in South Florida as new laws drive costs, slow sales"},"content":{"rendered":"

PALM BEACH COUNTY, Fla. (CBS12) \u2014 Buying a condo<\/a> in South Florida is not as simple as it used to be.<\/p>\n

Since the Surfside condo collapse, new state rules are changing the way condos are bought and sold \u2014 and in some cases, making them harder to move.<\/p>\n

Realtors on Monday say the biggest shift is uncertainty.<\/p>\n

\u201cIt\u2019s a little tougher right now to sell condos than it maybe was in the past,\u201d said Talya Lerman, a realtor with Keyes.<\/p>\n

After Surfside, Florida <\/a>required more inspections, more financial transparency, and stronger reserve funding for older condo buildings. That means associations now have to show they can afford major repairs \u2014 from concrete work to balconies and roofs.<\/p>\n

For buyers, that comes with more paperwork and more questions.<\/a><\/p>\n

\u201cIt has required more transparency from the condo associations, more documents that buyers have to look at prior to purchasing,\u201d Lerman said.<\/p>\n

That added transparency may help protect buyers long term \u2014 but right now, it\u2019s also creating hesitation.<\/p>\n

Buyers want to know whether fees could go up, if special assessments are coming, and how much work a building may still need. In some cases, those unknowns are causing deals to fall through.<\/p>\n

\u201cI think people are worried that their assessments are going to go up, so they plan on selling rather than potentially facing that in the future,\u201d Lerman said.<\/p>\n

That uncertainty<\/a> is also leading to more condos hitting the market \u2014 and staying there longer.<\/p>\n

In Palm Beach County<\/a>, condos are now often sitting for two to three months before selling, according to Lerman. Some sellers are even lowering prices to attract buyers.<\/p>\n

See also: Walmart plans big Florida makeover. Here are the store remodels and new locations.<\/a><\/p>\n

But not every property is in the same position.<\/p>\n

\u201cNot all condos are created equal. It\u2019s really important to pop open the hood before we make a purchase,\u201d Lerman said.<\/p>\n

Experts say buildings that have already completed repairs and built up reserves may be in a stronger position, while others could still face costly work ahead.<\/p>\n

The bottom line: buyers need to do more homework than ever before.<\/p>\n

That means reviewing financial statements, reserve funds, meeting minutes, and any potential assessments before making a decision.<\/p>\n

Because in today\u2019s condo market, the price you see may not tell the full story.<\/p>\n","protected":false},"excerpt":{"rendered":"PALM BEACH COUNTY, Fla. (CBS12) \u2014 Buying a condo in South Florida is not as simple as it…\n","protected":false},"author":2,"featured_media":239319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-239318","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-florida","tag-florida-headlines","tag-florida-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/239318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=239318"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/239318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/239319"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=239318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=239318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=239318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}