Condo sellers
Sell the unit. Understand the building.
A condo buyer is judging the building too — its records, assessments, inspections, insurance, and financing eligibility.
Short answer: prepare the building story early. The association, contract, lender, title team, and professional advisers still control their own decisions.The pre-listing document room
What a seller may need to locate early.
An educational readiness list — not every item applies, and not all of it comes from the seller. The first-sale preparation sequence places this file within pricing, offers, contract deadlines, and closing.
- 01Assessment notices + balances
- 02Current budget + financials
- 03Reserve study or SIRS
- 04Milestone inspection reports
- 05Recent minutes + agendas
- 06Master insurance information
- 07Repair or engineering status
- 08Association application steps
Can low reserves affect buyer financing?
Prepare the adopted budget, reserve records, study, and lender questions.
Build the reserve file ↗Master insuranceHow can the policy deductible affect a sale?
Give the current policy and funding record to the buyer’s decision-makers.
Prepare the insurance record ↗Code recordCan a condo close with an open violation?
Verify the address-level case, cure status, and written closing requirements.
Trace the official record ↗Account balanceWhat if association dues are delinquent?
Use the current estoppel instead of an old statement or portal balance.
Prepare the closing ledger ↗Leasing rulesHow should rental restrictions be disclosed?
Market the current declaration, amendments, and rules without promising approval.
Document the restriction ↗Alteration recordWhat if work lacks a permit or approval?
Compare permits, association approvals, plans, invoices, and current condition.
Build the alteration file ↗Association costWhat if HOA fees exceed the mortgage payment?
Separate recurring dues, assessment installments, and one-time charges.
Review the carrying cost ↗AssessmentMust an assessment be paid at closing?
Contract language, due dates, estoppel figures, title, and negotiation control.
Compare closing options ↗AssessmentHow does a payment plan affect the buyer?
Document the schedule, balance, lender review, and written allocation.
Trace the installments ↗Building conditionCan I sell after Phase 2 findings?
Separate the inspection findings from any resulting repair program and its current records.
Prepare the findings and repair record ↗Balcony rulesWhat are the condo balcony inspection requirements?
Compare DBPR Form HR-7020 lodging rules with milestone structural standards.
Review balcony standards ↗Concrete repairsHow does concrete restoration affect a sale?
Organize spalling findings, Phase 2 scopes, reserve funds, and contract disclosures.
Trace concrete records ↗Seawall maintenanceHow are condo seawall repairs managed and disclosed?
Examine common element bulkheads, marine permitting, and special assessments.
Review seawall rules ↗Roof & SIRSHow do roof assessments and SIRS reserves affect a sale?
Understand mandatory roof reserve rules, insurance underwriting, and buyer disclosures.
Organize roof records ↗Remote recordsHow does an absentee owner get association documents?
Put the request in writing and preserve the dated response.
Build the records file ↗AssessmentCan I sell before or during an assessment?
Yes — but records, due dates, and contract terms change how.
Read the direct answer ↗Termination recordWhat does condominium termination mean for a unit sale?
Start with the recorded declaration and any recorded termination plan.
Organize the governing record ↗Inspections + reservesWhat is the difference between a milestone inspection and SIRS?
Milestone structural reviews and SIRS reserve studies serve distinct regulatory roles.
Compare them ↗Seller document fileWhat should a seller produce with the SIRS?
Gather the study, adopted budget, reserve balances, and later minutes.
Prepare the study record ↗FinanceabilityDoes “non-warrantable” make the condo unsellable?
No. Identify the lender finding, project issue, and current building records before marketing.
Prepare the building story ↗Association litigationCan a unit sell while the association is in litigation?
Build a dated record of the case, insurance, costs, title questions, and financing effects.
Organize the litigation file ↗Offer pathShould speed outweigh market exposure?
Compare an iBuyer proposal with a listed sale by net, conditions, timing, and certainty.
Compare the written terms ↗DistanceCan the listing and closing be managed remotely?
Often — with a plan for access, belongings, signatures, and notarization.
Map the workflow ↗Ready to discuss the property?
Send the details when a call is not convenient.
Before choosing a firm, compare who owns the work in a local or national brokerage model, including building records, buyer questions, and transaction deadlines.
Send an inquiry ↗Which condo records should a seller request first?
Request the current budget and financials, recent minutes, master-insurance information, assessment notices, reserve study or SIRS, and available milestone or engineering reports. The association controls its records and delivery process.
Request the current budget and financials, recent minutes, master-insurance information, assessment notices, reserve study or SIRS, and available milestone or engineering reports. The association controls its records and delivery process.
Can a condo be sold while a special assessment is pending?
Yes. The sale plan should distinguish an assessment that is only discussed from one that is approved, due, unpaid, or secured by a lien, then follow the contract and title team's requirements.
Yes. The sale plan should distinguish an assessment that is only discussed from one that is approved, due, unpaid, or secured by a lien, then follow the contract and title team's requirements.
Are a milestone inspection and a SIRS the same thing?
No. Florida DBPR describes a milestone inspection as a structural inspection for substantial structural deterioration, while a SIRS is a reserve-planning study for specified building components and funding.
No. Florida DBPR describes a milestone inspection as a structural inspection for substantial structural deterioration, while a SIRS is a reserve-planning study for specified building components and funding.
Does non-warrantable mean a condo is cash only?
No. It means the project does not satisfy a particular financing program's requirements; a portfolio or specialty loan may still be available. Each lender decides eligibility for its own loan path.
No. It means the project does not satisfy a particular financing program's requirements; a portfolio or specialty loan may still be available. Each lender decides eligibility for its own loan path.
When does Florida require a milestone inspection?
Florida Statutes §553.899 generally applies at 30 years to covered condominium and cooperative buildings with three or more habitable stories, then every 10 years. A local enforcement agency may require the first inspection at 25 years when local circumstances, including proximity to salt water, support that decision.
Florida Statutes §553.899 generally applies at 30 years to covered condominium and cooperative buildings with three or more habitable stories, then every 10 years. A local enforcement agency may require the first inspection at 25 years when local circumstances, including proximity to salt water, support that decision.