This Week: Florida’s Market Reset and New Buyer Protections

Last week, I shared our Southwest Florida market report — how pricing, demand, and inventory are shifting this fall.

This week, I want to talk about two things shaping our real estate landscape right now: Florida’s new condo law (HB 913) and how the current market “reset” is opening real opportunities for both buyers and sellers.

1. Florida’s New Condo Law (HB 913)

Starting July 1, 2025, Florida is making condo ownership more transparent and accountable through HB 913 — an important step forward for anyone buying or selling a condo.

Here’s what’s changing:

• Stricter rules for inspections, reserve funding, and record-keeping in buildings with three or more stories.
• Boards and management must disclose conflicts of interest — for example, if an inspection firm also bids on repair work.
• Buyers now get more time to review condo documents before closing.
• Revoked management licenses will bar individuals from serving in key roles.
• The overall goal is to reduce surprise assessments and build stronger trust between owners, buyers, and boards.

In short, it’s about restoring confidence. Well-run communities that plan ahead and stay transparent will benefit the most.