Florida Condo Market 'Catastrophic' As Owners Rush To Sell Homes before required end of year inspection

[mitch96]

3. My "cheap shoddy" west Central Fla. townhouse built in 1979 has passed all inspections with flying colors...

Yes we had an association manager who cut corners for the "frugal" but for the important stuff it was done. Assessments I've paid in the last 5 years were pool resurfacing and deck work $1000. New roof required by the insurance company $8000. We ARE looking at a drainage problem from a collapsed section of culvert pipe. That's gonna be about $3000 at the high end but we still need more engineering inspections. It might be less. Other than that things are going well. We have a new association president who was a controller of a large business in his previous life. He got a handle on all of our expenses and the elected officials are top notch. For me all in all it's inexpensive living in retirement friendly Florida..
When a unit comes available it sells quickly. In the past 6 mos, 5 were up for sale and bought in a few weeks to a month...
All in all we are happy. Bitching but happy. 😜
m