We Buy Condos for Cash Across Florida

A condo sale depends on more than your unit — it depends on the health of the entire association. If reserves are thin, an assessment is pending, or the building is under recertification, financed buyers often cannot get a loan and cash-conscious retail buyers get cold feet.

Because we buy with cash and plan to hold or renovate, the association’s warrantability status does not stop us. We read the documents, price the known obligations in, and give you a number you can count on.

Florida’s post-Surfside reserve and inspection laws have pushed many older buildings into structural studies and fully funded reserves, which often means new assessments. Owners who do not want to fund years of catch-up contributions frequently choose to sell instead.

We regularly buy units in exactly these buildings. Rather than waiting to see how large the next assessment lands, you can lock in a cash sale now and let us take on the association’s roadmap.

Under section 718.503 of the Florida Statutes, an owner selling a condo unit has to give the buyer, at the seller’s expense, current copies of the declaration of condominium, the association’s articles of incorporation, bylaws and rules, the annual financial statement and budget, and the association’s question-and-answer sheet. For buildings that have them, the list also includes the inspector’s summary of the milestone inspection, the most recent structural integrity reserve study (or a statement that one has not been done) and any turnover inspection report.

A buyer who did not receive those documents more than 7 days before signing can cancel within 7 days, not counting weekends and legal holidays, after signing and receiving them, and any waiver of that right has no effect. For contracts signed after December 31, 2024, the contract itself must also say whether the association has completed its milestone inspection, turnover inspection report and structural integrity reserve study. Most of these come from the association, so ask for them as soon as you decide to sell.

Section 553.899 sets the inspection schedule: a building three habitable stories or taller needs its first milestone inspection by December 31 of the year it turns 30, or 25 if the local building official requires it because of local conditions such as proximity to salt water, and every 10 years after that. The association must give every owner the inspector’s summary within 45 days of receiving the report. The association also issues an estoppel certificate showing what you owe it, which the closing agent uses to pay the balance from the sale; our estoppel guide covers deadlines and fees.

When we buy, we read these documents before making an offer and price in any assessment, reserve shortfall or repair the inspection found. You still provide the association documents, but you do not have to wait for the association to finish repairs or for an assessment to be paid off.