Getting insurance on old condo buildings is gettin tougher and more expensive than ever. Far too many condos have years if not decades of deferred maintenance that is finally starting catch up with them. Buyers who are looking to purchase a condo in this housing market need to be very careful not to purchase a property that is looking at massive financial problems into the future.
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Articles Mentioned in the Video
https://therealdeal.com/miami/2023/11/14/citizens-insurance-ramping-up-inspections-following-policy-boom/?utm_campaign=sl-soflo-daily&tpcc=sl-soflo-daily&utm_source=trd-newsletter&utm_medium=email&utm_term=South%20Florida%20Daily
https://www.floridarealtors.org/news-media/news-articles/2023/11/older-condo-woes-make-it-harder-buysell-units
https://www.floridarealtors.org/news-media/news-articles/2023/11/1-3-sellers-granting-buyer-concessions
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