The condo correction isn’t over. Between SB 4-D structural reserve requirements and rising special assessments, condo owners are facing tough choices.
What’s driving the pressure:
- Special assessments of $20K-$100K+ for older buildings needing structural repairs
- Buyer hesitation — traditional buyers are avoiding buildings with pending assessments
- Longer days on market — some units sitting 6+ months with no offers
We buy condos with pending assessments, structural concerns, and HOA complications. No unit is too complicated for us.
#CondoCrisis #SB4D #SpecialAssessment #SouthFloridaCondos #LabrosPropertyHoldings
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