Why Condo Deals in Florida Keep Falling Apart

If you’ve been working condo deals in Florida,

You’ve probably seen this happen.

A deal looks solid.

The buyer is approved.

The numbers make sense.

And then… it falls apart.

This isn’t new —

but recently, the game has shifted.

With recent updates from Fannie Mae and Freddie Mac,

lenders are adjusting how condo projects are evaluated —

especially around insurance and overall risk.

At the same time, the core issue hasn’t gone away.

Across Florida, deals are still breaking because of:

• Insurance challenges

• HOA reserves and budgets

• Project-level risk that shows up late

Because today,

it’s not just about the buyer.

It’s about the building.

And that’s where most of the frustration comes in —

these issues often appear after you’re already under contract.

The difference now?

The deals that make it to the closing table

are the ones evaluated correctly from the beginning.

Not just approved —

but structured with awareness of the full picture.

—

In today’s condo market,

getting approved isn’t enough.

Getting to closing is what matters.