Inside 2 Florida Fixer Uppers As Home Prices Continue To FALL!
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- เผยแพร่เมื่อ 24 ส.ค. 2024
- In today’s video, we toured 2 homes for sale in the Central Florida Area that have been listed for under 300k!
I hope you enjoy this video and can see the difference in prices Florida has to offer compared to most other states.
Follow me on Instagram: @kaleb_shaw_
If you are Interested in buying or selling a property in the Orlando area... Feel free to contact me, my team and I will be happy to help!
REALTOR: Kaleb Shaw
Robert Slack Real Estate
Email: KalebShawHomes@gmail.com
Real Estate Lic# SL3312319
ALL INFORMATION IS RELIABLE BUT NOT GUARANTEED.
Want to work with me and my Team?
Here are some steps below to get you prepared.
Step 1: Start gathering a down payment
One of the most important steps to buying a house for the first time? Figure out your finances. Buying a new home (particularly for the first time) requires a mortgage, where a lender fronts you the money and you pay it back over time. However, in order to get a mortgage, you’ll need some sort of down payment. So how much do you need?
Ideally a down payment on a mortgage should be 20% of the home’s price to avoid added fees, but if you don’t have that much of a down payment, don’t worry. A mortgage down payment can be as low as 10%, 5%, or even 0% for certain types of mortgages (e.g., VA Loan or a USDA loan).
Step 2: Check your credit score
Did you forget to pay off a couple of credit cards? Unfortunately, it’ll affect your credit score.
In addition to having a down payment, a first-time home buyer will need a decent credit score. Minimum of 620 is best. This three-digit number is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts like for credit cards and college student loans.
A lender will check your score and report in order to estimate the odds that you will deliver your monthly payment, too.
In turn, the lender will use this info to decide whether or not to loan you money, as well as how much and at what interest rate. If a lender sees some late payments on your credit cards or other blemishes in your credit report, this can lower your odds of getting a loan with a great interest rate, or perhaps even jeopardize your chances of getting any loan at all.
Step 3: Get pre-approved for a mortgage ( Most Important)
Another one of the most important first-time home buyer steps? Seeking pre-approval from a lender for a home loan. This is where you meet with a loan officer. Each mortgage lender will scrutinize your financial background-such as your debt to income ratio and assets-and use this info to determine whether to loan you money, and what size monthly payment you can realistically afford. This will help you target homes in your price range. And that’s good, because a purchase price that’s beyond your financial reach will make you sweat your mortgage payment and puts you at risk of defaulting on your loan.
As a buyer, just keep in mind that mortgage pre-approval is different from mortgage pre-qualification. Pre-qualify, and you’re undergoing a much simpler process that can give you a ballpark figure of what you can afford to borrow, but with no promise from the lender. Getting pre-approved you’ll have to provide more paperwork, but it’s worth the trouble since it guarantees your creditworthy and can truly buy a home.
Get pre-approved by our preferred lender today!
Steve Birk
Strong Wealth Mortgage
407-375-0692
Email: Stevebirk@strongwealthmortgage.com
im excited to see u doing these same reports 1 and 2 years from now :) thats when i plan to buy 2-3 houses
As these begin to be more prevalent an option for some may be the FHA 203k and 203k streamline for owner occupied properties . In its simplistic form it allows you to buy the home and borrow up to 96.5% of the after improved value . Ex : purchase price 100k , estimated repairs 35k ( fha streamline max rehab amount ) as long as the home is worth 96.5% of the after improved cost total of 135k your down payment is 3.5% of the 135k value . Best to deal with FHA direct endorsed lender who is very , very familiar with these loans . There is more guidelines to the program that I haven’t listed here but it’s something to look at as these start coming on line .
Thank you Bob for sharing this very useful and accurate information!
Both homes have great potential. You can get real creative with the backyard space on the second one. They should move quick.
Thank you for watching Sam!
I would pay $125K for the first one and $200K for the second one .
Thank you for your feedback!
The master bath on house #2 does have a weird configuration, thanks for the video Kaleb!
Thank you again for watching Noreen!
Love the Florida house pricing. Seem I can buy the house and pay it all cash. I’m from California and the price here is absurd.
I have heard! We have help multiple people relocate from California over the past couple years. Thank you for watching!
@@KalebShaw I’m looking at my options and I see Florida is very enticing on the price point. Big house for cheap. But the hurricane is a concern. Anyway keep up the good work Caleb. 👍
Be careful bc some areas are not the best for real estate.
Definitely see lots of potential in house #2.
More like these please!
Hi Kaleb, thank you a lot for this good job. I appreciate your efforts and the time that you spend to offer us these nice videos. I want to know if this property is still available. Let me know and thanks
house 1's rehab is scary.
Thank you for watching Scott!
Good morning Kaleb! Number one needs total renovations and only worth about $80 000. It very sad that renters destroyed people's properties like that. It seems as they were been vindictive. That's why I wouldn't do renter properties business. Number two not bad. A few updates and could be a nice home. And as I said before, I hope you're wearing mask especially in home number one. Be safe!
Hey Kaleb. Uh oh. Fixer uppers? Let’s see. Ok. 1st home nice front elevation. For $200k expected worse on entry. Rooms kinda sectioned off but large family room off the kitchen. Laundry flooring bad as well as the following bathroom. Large primary. 2 closets good. Potential once en-suite is gutted. I’ve never seen such a beat up rental but agreed; great potential once gutted and renovated. 2nd home like the elevation. Large home. Agreed it’s chopped up. The upstairs doesn’t look too bad. Agreed. Reconfigure the primary en-suite. Bedrooms are big. Yes potential is there. Thanks for sharing and see you next video.
House #1 has a good layout and lots of space. You might need to replace the roof and remediate mold, and the bathrooms probably need to be gutted. The kitchen might be salvaged by refacing the cabinets. I like it better than House #2, which has a poor layout and I think was more cheaply built.
yeah house 1 needs alot of expensive rehab
I have been watching all of your property showings but I would like to see up-to-dates viewings, please. My mindset is to move up in Central Florida where my grandkids are
Hey Amelia, I upload videos every week. Please search the top of the page.
I have been checking and waiting 4 your videos for a couple of days. Thanks, you never disappoint.
House 1 needs some mold abatement, quite a lot, but worth close to $200K. House 2 is worth close to $300K. I would be happy to buy either for 85% of asking price. Someone MAY get a bargain on the 14th on house 2! Thank you, Kaleb!
lol noob. house 1 aint 200k bud. minimum 10-20k for roof. floor 10k ceiling water leak fix. 10k. probably total rehab around 80k
I like these house property 2 story level big size and low price as you said fixer up I can afford the price
You could make a drinking game with how many times you say “obviously” and “as well” in these videos! In case you’re curious (yes, I need a life 😂), “obviously” wins with 21 times followed by “as well” with 13.
haha challenge accepted!
The second house tile on second floor I agree is in good condition
Thank you again for watching Brendie!
Hi KALEB,, The First Home, I really do liked. Just liked you said, Gut out all the Bathrooms, and the Complete Kitchen. Replaced with all New Flooring. Repaving the Driveway &Garage Floor. Paint the Exterior and Interior, Get Rid of that Dead Color. Fenced in the Backyard, and Front yard With Green Turf Maintenance. Open up the Floor Plan, Make the Laundry much Bigger and Better. My Truly Concerned is the Water Damage, By Removing the Ceilings, Getting Rid of the Mold, and Replacing the Roof It should be asking $100,000 Easily. This Would be a Awesome Home. 2nd House is Just like a Jigsaw Puzzle. It has to many Wall Spaces that should be Eliminated, through out the House. Going up the Stairs, is really a Pain. It's too Dark, When walking in, Gut Everything, and Start over. $300,000 in My HUMBLE OPINION Should be $200,000 for the Work that you going to do. But nice 📷📸
Thank you again for sharing and watching my video Jill!
House #1, at first, oh that's not so bad. Then Whoa!! Depending on the damage it looked doable. But, there were some serious money pit red flags there. House #2, not too bad at all. 300k seems like a reasonable price.
Love the 1st home price need to know contact to buy it .. not an investor
Not too bad .I would buy the first one.I've seen some much worse
Thank you for watching Scott!
That’s black mold you have to gutt the Sheetrock to see how bad it is can Infect the entire house
👍great job Kaleb I liked both houses.
What's the address of the first property. If it sold, what did it sell for?
what are homes going for in the sub where the first house is at? Lots of money to repair
house #2 seems solid. the floor layout and design does seem choppy lol. but the countertops, flooring i like em. just need painting. and i'd buy at 200k
major paint job. mainly white. for first floor, as open floor plan as possible but not needed. overall, good house. solid
I figured it would cost between 80k to 100k to rehab.
10k floor
10k HVAC
10k paint and sheet rock
15-20k new roof
15-20k on 3-bath
10k kitchen
10k garage + interior doors
How much would a similar house fixed up go for in this neighborhood, also how would you grade the area.
Thanks for sharing!
Give me the price per square foot where is it located what community is very important
They are still available now ?
Thanks for the video Kaleb and keep up the good work. Is house number 1 still available?
GN. Question! If 2nd house is listed at 300,000, At auction, does bidding starts at that price or can one bid lower?
I am looking 3 o 4 bedrooms in Weston area florida.
Love the two Homes 🏡
I would like to talk with u on the phone if it's possible Please
Anyone any idea how much you would need to invest to fully renovate the first object (approx) ? Appreciate your toughts
Why are cheaper Houses in poinciana Florida??200,000 is too
much! You have to put 200,000 or more to fix.If it was in another area. I love your channel.
Thank you for watching!
1st house of course
How do I contact you for these house? Thank you!
Whe is it located?
Hi I just love your videos can you maybe do a little before and after if not too much trouble just a little.If possible thanks
Hey Patrica! I would love too! If I have the opportunity to I will!
@@KalebShaw Thank you you totally surprised me thank you
Hi me and my husband is trying to move to Florida we were looking at st John County or other county in the surrounding of Jacksonville I was wondering if you can help us. I've been watching your video.
Sounds great! Yes! my team and I can help. Please email me.
What's your email address I didn't see it in the description
@@mirielleeugene9071 shawhomegroup@gmail.com
Amy home's in Ruskin Florida? We're looking to relocate
Absolutely, please email me. kalebshawhomes@gmail.com
I could see fixing up #2. But don’t like #1.
I'm just the opposite. I like House #1 better. It needs a ton of work but I think you'd end up with a better house.
I'm with you. House 1 looked like it may have had considerable flooding at the back end of the house. Could have been a broken pipe or could have been storm flooding. A broken pipe is fixable. I would run away fast if it came from a storm.
I want to bay
Tenants are horrible
2006. Year of the chinese sheetrock. Total rip out for first house
Sensacional 👏🏻👏🏻👏🏻
Thank you for watching!
How do I reach you ?
Adress
HOA sucks...... lol
This video is very old why this house didn’t sell
This video is definitely not old lol
Stay in CA if your going to bring your democratic views … we value freedom here ..