Selling a condo means answering questions about the building as well as the unit. Florida’s safety and reserve requirements, adopted and revised after the 2021 Surfside collapse, make the inspection reports and financial documents an important part of that conversation. For a Boca or Delray sale, get those details together before you set expectations about price or timing.
Two Different Reports to Understand
Milestone inspections
Florida’s milestone-inspection rules generally apply to residential condo and cooperative buildings with three or more habitable stories, subject to exemptions. The usual starting age is 30 years, then every 10 years; local authorities may require the first inspection at 25 years based on local conditions. Licensed engineers or architects perform the inspections, and findings may lead to repairs. Confirm the building’s applicable deadline and status with the association and local building department.
Structural Integrity Reserve Studies (SIRS)
Covered residential condo buildings with three or more habitable stories generally need a SIRS at least every 10 years, subject to exemptions. It examines the useful life, costs and reserve funding for components such as roofs, structure, waterproofing and plumbing. The 2025 reforms changed deadlines and added funding flexibility. Ask the association and its counsel which requirements, funding methods and deadlines apply to this building.
What Buyers Need to Budget For
Future costs: Insufficient reserves or upcoming repairs may lead to assessments. Ask what’s approved, proposed and still being evaluated.
Financing: Repair needs and reserve funding can affect a building’s loan eligibility. Have the buyer’s lender review the project rather than assuming financing will be available.
Insurance: Review the building’s condition, master coverage and the unit-owner policy needed to understand the ownership budget.
Build the Document File Before the Listing
Gather the documents early: collect the budget, reserve study, any applicable milestone report, recent meeting minutes and insurance information.
Know about any assessments, current or planned. Have the written details ready so buyers can understand the cost and timing.
Price with the building in mind. Look at comparable sales in your building and in buildings with similar financial and physical conditions.
Highlight the positives: document completed repairs, reserve funding and recent upgrades. Let the records support the description.
Talk with your association manager and a real estate attorney about the disclosures and documents required for your sale.
Let’s Look at Your Unit and Your Building
For a Boca or Delray condo sale, let’s compare the unit, building documents and relevant recent sales. Start with a home value estimate, then call or text me at 561-888-3115 to talk through the next steps for your property.
This post is general information, not legal advice. Condo laws change; confirm current requirements with your association and a Florida real estate attorney.
Primary references: Florida DBPR inspection and reserve-study guidance and DBPR condominium FAQs and 2025 reforms. Confirm current building-specific requirements before relying on a deadline or funding option.
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