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Sell Your Florida Condo Fast Before the 2026 Safety Assessments | Homeinc

Trapped by Florida’s Condo Crisis? Sell Your Condo Fast for Cash

Florida’s new condo safety law (Senate Bill 4-D, passed after the 2021 Surfside collapse) has created a cash-flow crisis for thousands of condo owners across the state. Milestone inspections have uncovered massive repair backlogs, and condo associations are levying five- and six-figure special assessments to fund the work. Owners who can’t pay — retirees on fixed incomes, second-home owners, families with tight budgets — are trapped: traditional buyers can’t get financing on affected buildings, and listing agents are watching units sit for 6+ months without offers. Homeinc buys Florida condos for cash, regardless of assessments, building status, or Fannie Mae blacklists. Call (888) 715-1188 or fill out the form for a free cash offer in 24 hours.

What’s Actually Happening: Florida’s Condo Assessment Crisis Explained

After the June 2021 collapse of Champlain Towers South in Surfside, which killed 98 people, Florida passed Senate Bill 4-D in 2022. The law requires every Florida condo association with a building 3 stories or taller and 30+ years old to complete two things:

Compliance deadline was December 31, 2024. But the real fallout is hitting owners now, in 2025 and 2026, as associations get their engineering reports back and vote on special assessments to fund the repairs. In many South Florida buildings, per-unit assessments range from $30,000 to over $200,000. Some owners are being hit with quarterly payment plans they can’t afford. Others are being told they can’t sell traditionally because their building is on the Fannie Mae “unavailable” list — over 1,400 Florida condo buildings, and growing.

Who’s Getting Hurt Most

How Homeinc Solves This

We’re a Florida-based cash home buyer. We’ve been buying properties in Florida since 2013. We specialize in situations where traditional buyers can’t or won’t participate — foreclosures, inherited properties, distressed sales, and now, condos with pending assessments and structural issues.

Here’s what a Homeinc sale looks like:

  1. You call us at (888) 715-1188 or fill out the form. Takes 2 minutes.
  2. We research your building, current assessment situation, and market comps.
  3. We give you a written cash offer within 24-48 hours — no obligation.
  4. You pick the closing date. Could be next week, could be next month.
  5. We close at a local title company. You get a check. You walk away.

No repairs. No cleaning. No inspections. No appraisals. No agent commissions. We handle the assessment and any building issues after closing.

Frequently Asked Questions

What is Florida’s condo law causing sellers to panic in 2026?

Senate Bill 4-D, passed after the Surfside collapse, requires all Florida condos 3+ stories tall and 30+ years old to complete Milestone Structural Integrity Inspections and fully fund Structural Integrity Reserve Studies (SIRS). The compliance deadline was December 31, 2024, but 2025 and 2026 are when many buildings are actually issuing $50,000+ special assessments to owners to cover repairs found by inspections. Owners who can’t afford these assessments are trying to sell fast before the assessment hits and their unit becomes unsellable on the open market.

Can I sell my Florida condo before the special assessment is levied?

Yes — but the clock is ticking. Once a special assessment is officially voted on by the condo association board, it must be disclosed to any buyer, and traditional financing becomes nearly impossible until the assessment is paid or resolved. Homeinc buys condos regardless of pending or already-levied assessments. We factor the assessment into our cash offer so you can walk away without paying it out of pocket. Call (888) 715-1188 for a free offer within 24 hours.

Will a real estate agent be able to sell my Florida condo if the building has open structural issues?

Increasingly, no. Since the Milestone law took effect, condos in buildings with unresolved structural findings or unfunded reserves have seen listing days on market triple. Fannie Mae and Freddie Mac added over 1,400 Florida condo buildings to their “unavailable financing” list — meaning conventional loans, FHA, and VA loans cannot be used to buy those units. That leaves only cash buyers. Homeinc is a cash buyer who specializes in these exact situations.

How fast can Homeinc close on a Florida condo sale?

We can close in as little as 7 days once you accept our written offer. There’s no financing contingency, no inspection contingency, no appraisal. We buy as-is, pay all standard closing costs, and let you pick your closing date so you can time it around your assessment deadline. Call (888) 715-1188 or fill out the form on this page.

What if my Florida condo is in a building on the Fannie Mae blacklist?

That’s exactly the kind of situation we’re built for. Traditional buyers can’t get financing on units in blacklisted buildings, so most owners are stuck. We pay cash, so the Fannie Mae list doesn’t affect our ability to close. We’ve bought condos in over 40 blacklisted South Florida buildings in the past 18 months.

Do I have to pay the assessment before closing?

No. In most cases, we absorb pending or already-levied assessments into our offer price. That way you don’t have to come up with cash you don’t have. We handle it at closing. This is one of the biggest reasons distressed condo owners choose Homeinc over listing with an agent.

Get Your Free Cash Offer — No Obligation

Fill out the form above or call (888) 715-1188. We’ll review your specific building situation, factor in any pending or existing assessments, and give you a written cash offer within 24-48 hours. If you like the number, we can close in as few as 7 days.