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

by Scott Schilling

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.

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.

A Market Reset — Not a Downturn

What we’re seeing across Southwest Florida isn’t a drop, it’s a return to balance.

Inventory is growing, prices are leveling out, and buyers finally have time to make thoughtful decisions instead of rushing.

Sellers who price realistically are still closing strong deals — just in a more balanced, sustainable market.

My Advice Right Now

Lock in your rate early. Even a small rate dip can make a big difference later.
Use contingencies wisely. This market gives buyers room to protect themselves.
Review condo reserves carefully. HB 913 makes due diligence more important than ever.
Ask about off-market listings. Many sellers are open to quiet deals before going public.

Thinking about your next move?

Whether you’re planning to buy, sell, or simply stay informed, I’m happy to help you navigate the market with confidence.

Let’s connect for a quick chat or strategy session — you can reply to this email or call/text me anytime.

Have a great week and enjoy these beautiful Florida days, our best season is almost here!