Inside 3 Florida Homes With Huge Price Cuts As The House Correction Continues!
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- In today’s video, we toured 3 homes for sale in Central Florida that have seen major price reductions!
I hope you enjoyed 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 Fine Homes
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 you're 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
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If these homes have such a huge price drop of 50,000-90,000 is that not a red flag indicating how over priced there were to begin with? I mean taking a huge drop like that tells me they were seriously overpriced. I am already reading lots of articles where people are now underwater from buying...
Yes people were paying WAY over list price in Florida.
Stay tuned for the incoming crash 💥 guaranteed at this point. Anyone saying otherwise is asleep 😴
I thought most people were aware of that the houses were ridiculously overpriced, lived in Florida most of my life I know what this house is were before they went crazy, I'm still looking not buying yet they need to drop a lot more
Let m just Say INTEREST RATES its not with it.
Ya think
About a few years ago, Florida was one of the most affordable place for seniors to retire. Being that houses there were always 50-75% less expensive because Florida is basically swamp land filled with dirt, sand, cement and depending age, building structure such as BRICK built to withstand hurricanes vs WOOD etc. and location due to the extreme heat and severity of hurricanes!! Especially the Hurricanes!! Then you have Alligators... Black Widow Spiders, Snakes... etc. 😖 Now... Flood insurance is extremely high too because of hurricanes. Since the recent storm, some people are heading back up North 😔. Don’t forget... Central USA has other issues as well, such as Tornadoes etc. That’s why the majority of Americans live on the outskirts where it’s a lot safer place to live 🥰
Good job keeping us well informed Kaleb, your videos are very thorough and professional. I'm a GA native (ATL), and I'm a outdoorsman to heart, I especially enjoy fishing and playing tennis! I'm a retired US combat Veteran (Army/Air Force) and I'm receiving 100% disability from the VA. So like from my previous home that I sold approximately 2 years ago located in Jonesboro GA, I lived there for approximately 7 years, and being that I'm receiving 100% from the VA, I was totally exempted from paying property taxes. I will continue too follow you for any updates regarding homes in FL.. I'm in pursuit of trying to find my last home, per say my retirement home, I'm kind of stuck between GA and Fl, but just reaching out to let you know that I'm keeping my options open! For me, it's all about finding the right shoe that fits, (figure of speech), I'll be keeping my radars on up high, keep up the good work young man and thanks again.
Well Kaleb, you have done an outstanding presentation again. Very pleasant voice. I like the way you disclose the price, taxes, hoa etc. in the beginning of the video. Looking forward to your next video. Who knows---maybe one of the houses will be the one!!! Have you considered Winter Park area? Would like to see what is available there. Also Winter Springs and Altamonte Springs. Thank you---Denise
Those property taxes are based on what that current owner bought the house for, any improvements and possibly homestead exemptions. What the future owner will pay really can’t be forecasted on the current owner. So many are in absolute shock when they get the second years tax bill which is based on their transaction.
Nice home. But the idiots left large oil stains on garage floor.
People were just throwing out the line to see if they can get a ridiculous price now the time of the year with the price testing it’s down but wait till spring up up up again.
Another great video. Im really liking house number uno. I could definitely see that house becoming my home. It had nearly everything I've been looking for. Glad to see the prices coming down! Take care! :)
Thanks for sharing and watching my videos! I appreciate you!
Is the price really coming down??
Maybe the price was artificially increased, then pretend to drop by 90K, to lure unsuspecting buyer into believing they are getting a deal..
What was the original price?
Thank you for showing us these wonderful house Its good the house prices are falling so I can get to afford a nice house to get homeownership in 2023.
You can do it!
Really like the 1st house. Couple miner updates and that’s about it. Price is descent also and love the property
I've known a lot of realtor's, this guy is really good. I found myself wanting to move to Florida, well almost.
Hey Kaleb, thanks for another great video, glad to see prices are coming down.
Hey Kaleb. Was away. Catching up on vids now. 1st home. Nice front elevation. Unique entry, views and floor plan. Dining and primary to the left. Mid living room. Slider to covered lanai and pool👍🏼. Odd layout. Kitchen to the right in the front. Bedrooms cleans. Unique upper closet storage. Bath counters need updating. But clean. Nice size laundry. Primary with sliders to pool. Closet a smidge small. En-suite ok. Prefer a closet over a tub. Birdcage pool 👍🏼. Ok if can deal with the layout. 2nd home nice front elevation. Short entry. Kitchen in front 👎. 1/2 bath 👍🏼. Agreed like the window but the view should not be a kitchen. Pantry ok. Kitchen could be updated. Open concept. Primary ok size. En-suite a little small. Linen Closet good. Didn’t see the clothes closet. Ditch the tub and get a super shower. Covered lanai and add a pool. Agreed. Nice loft. Jack n Jill to 2 beds. Bathroom to service 2 more beds. Laundry usually on same floor with the primary. 3rd home like the elevation but not the color. Front dining with butlers pantry to kitchen. 1/2 bath. Open concept kitchen/dining/living. Large laundry. Primary ok size. En-suite ok. Again ditch the tub for a larger shower and linen closet. Covered paved lanai. Enclosed pool is lovely. Large loft. Jack n Jill 2 beds with nice walk in closets. 3rd bath and bedroom. Nice layout. Great potential. Mild reno. All 3 ok in their own rite. Appreciate the price reductions. Thanks for sharing.
Insurance is uber expensive in Florida, IF you can get it.
Love love love one and three soooooo excited can’t wait to buy this summer
Beautiful Kaleb I really like this area it is nice seeing the price drops looking forward to them continuing and eventually becoming a buyer take care!!!
You and me both! Thank you for watching!
Thanks again Kaleb for another awesome video. The 1st house is my favorite and fairly priced. I have 1 more year in Washington DC before I can FINALLY relocate to Florida. Your videos get me excited.❤
Thank you for watching Tonya!
House #1 - I like the setting, but the kitchen is quite isolated from the dining/living area. House #2 needs landscaping and fencing, but it's good for a large family. House #3 - the mud room and laundry room are great for families with kids. All three were apparently overpriced at first, and it will be interesting to see how much further the prices will drop before they are sold.
I agree, thank you for sharing your feedback Bob!
Great viewing Kaleb. Number one is beautiful and worth the price. Number two and three could be lower. Especially Number three even though it's beautiful!
I agree, thank you for your feedback Eliz!
You are spot on with your advice of waiting to buy. The $400k price is still way over priced and you don't even get a fridge. Don't mean to be rude or anything but it's just the truth. I see a lot of foreclosures and forbearances in FL's future.
Hi kaleb the 2nd 🏠 was good 👍 but the price is a little high i might wait ✋ for the price to get lower thanks.
Beautiful House Second one was my favorite but I hate when the primary bedroom is on the first floor
Thank you for watching!
Still waiting for a Real Correction! I’d pay $300-$325k for this house.
Subscribed, maybe I was recommended to watch this video since I was just looking at houses in Zillow at Winter Heaven.
The Channel I needed. Thanks!
Fireplaces in Florida make no sense, take that out.pantries need shelves not racks.
If they are going to ask for a ton of money the house should reflect it😮
Love how you explain everything in details Thank You . I reside in Miami and looking to move to Fl.
Glad it was helpful! Let me know if you need help finding the right home kalebshawhomes@gmail.com
If your home is damaged due to storms, the insurance company(if you can find one to insure the home) will not repair it.
Exactly
Are the prices dropping so dramatically due to the recent ( and to come ) hurricanes, not to mention you can't get any flood insurance in Florida unless you get government sponsored insurance? Cause they prices in New York aren't dropping this much. Maybe 10% .
@whatspp1593 If you could have him message or DM me this would be greatly appreciated.
She’s going down! People who were buying $450k homes at 2.85% can’t afford them at 6+%… if they could, we’ll they would have been buying $600,000 homes when rates were 2.85.. let’s be real most people buy at the very top of their budget.
Glad we sold in May 2022…staying patient for buying opp
Nice house... really like the master bedroom!
Glad you like it!
Looks good, the problem is it's in the middle of nowhere :)
Hi, loved all the houses but the 3rd in Davenport was my favorite. So sad it was not in my price range . Take care and thanks
Thank you Patty! I appreciate you watching my videos!
I guess if I had no need , I would wait at least 4 years assuming there's a crash . Real estate crashes and recoveries are slow . Even the 2008 crash , real estate bottomed out in 2011-12 . Also prices were starting to fall around 2006 .
The 1st house is real nice, so is the 3rd.
Hello Kaleb! Keep it going my man!
Always! thank you for the encouragement Brian!
The price is good.I need to buy a house.
OMG these homes are way too close to each other
Reduced since when? All should be around the same time.
Hello Kaleb, we enjoy your videos
Glad you like them! Thank you so much for viewing Angie!
I have dollhouse tours with 0 interest, lol. --- Nice vid, very nice houses, love the pool. Just subscribed!
Thanks for the sub!
Nice job sir but we are waiting for more bargain.
House #1 is very nice and spacious. I share your channel to a family member In Florida they also subscribe . Great video see house with no HOA is great 👍 but great video
Awesome! thank you so much for watching!
God bless u always and happy holidays to you and your family and friends. 🙏
You haven't seen price drops .. wait untill the next 3 guaranteed interest hikes..
The 1st home has a weird layout…don’t like how closed off the kitchen is…also the living room has a weird layout as well.
Thanks Kaleb for the video , I liked 2nd & third house but think still overpriced , hate the HOA , but no escape from them 😊❤
Thank you for watching Shahid!
It's a really beautiful house thanks Kalb for beautiful and interesting videos but one question how much money need to buy one simple house in appropriate neighbourhood in Florida or America at least?
Lots of inventory, interest rates rising, Case-Schiller, hmmmmmmm
Asking $399,000 for the first house is a great deal.
Great videos thanks you
Thanks for watching!
is the price drop due to the storm prices are still high up north do not want to be put under water
Wow all beautiful homes in Florida for a cheap cheap price. I’m from California and we can get probably just 2 bathroom only for those price In Florida. My house is a main house of 2002 sq ft. And an ADU attached of 1000sq ft and it’s $1.5 million dollar. I’ll say this much Florida is value for house and California is a disaster of price.
Hi Kaleb, These Homes are nice, But I liked the First one, without the Swimming Pool. Loved the Kitchen $399,000 is really not to far off. 2nd home, Liked the Kitchen, but they need to replace the front foyer concrete A lot of flaws. Should be asking $340,000. The last one, 💕 that Gorgeous Kitchen With those Dark Expresso Cabinets. Loved the Wooden Stairway, Even though I'm not a Swimming Pool Fan. $549,000-$559,000 Still nice Homes! Great Video 😀❤️📸👍👏😍
I like I’m ready to make offer considering all is well
house #3 😍😍😍
Good, house are way over priced in FL. Especially since insurance is gonna be a killer. FL is a nice place to visit, that’s it.
#1 okay i like it had a pool. #2 dated, and dirty garage #3 like
It should go down all them hurricanes
thank you for information
Beautiful house actually we are looking for a house . We want to buy near F I U can you suggest us please 😊
I love the first house it is perfect
Yes! I agree. Great home!
Love the 2nd house for me and my family great 👍 job
Awesome! Thank you for your feedback and for watching Natasha!
$589,000 for the last house is still way overpriced. Should be no more than $450,000.
I'm looking for a deal between Orlando to Oveido
Hello sir thank you 🙏 for your hard work ! Love your content please keep making more videos 👍📱
So nice of you! thank you Max. I will keep them coming!
Do you do any reviews in Jacksonville Florida?
I don't unfortunately. Thank you for watching Steven!
Thanks Kaleb beautiful homes loves the sec home 🙏🏾
I liked the second one too
Thank you Evelyn! I appreciate you watching!
I wouldn't move to Florida if the house were at 50% off!
Hey MATT.....just look at 2008 (it's the same crap, with the subprime loan factor)....Over price is not the word, it's down right criminal. But this is our economic reality. Folks gotta have a.good assessment of economic principles...When something don'take sense...DONT PARTICIPATE IN THEIR BUBBLE & BUST ECONOMY.
What is the price of this house?
how much the price and does it have hoa fee?
THe inflationary era just started so expect rate to be above 10% in 2024.
Thanks for sharing. If price of house is reducing, what about price of land in Florida? Thank you.
Yeaaaah $400k for Stucco & Wood, 2,100 Sqft is "Not" Overpriced!! 🤨🙄 Nice House though just NOT $400K Nice!!
Why not just rent and save yourself the hassle of repairing things in these old homes and you can easily move if the neighborhood goes bad including noisy next door neighbors
Because you go broke renting
Love House #1 Another good Video God BLESS
Glad you enjoyed it! thank you again for watching Dave!
House is gorgeous inside but, neighbors a/c unit is practically on your door step. Zero lot lines make me want somewhere with land and part a double or triple wide on it
I think the third one will need to come down even more around 420
Thank you for your feedback Janie!
Where is house 1
thanks for sharing!
My pleasure!
love this channel
Thank you Francisco! I appreciate you!
Please let me know if there is any house on sale in Tampa like reduced price
Please email and tell me exactly what you are looking for.
Kalebshawhomes@gmail.com
Another investor property inflated prices to start with.
What year the 5 Bedroom house in Auburndal was built?
2012 I believe.
Prices ridiculously went too high and should come down more . people should just wait there is going to be a real estate crash coming
I’m presently living in Pennsylvania and looking to relocate to Florida, I’m looking for a reliable realtor
Hey Dayne! thank you for watching my video. Please email me and my team and i will be happy to help you.
kalebshawhomes@gmail.com
I replayed the video, does 1 have an HOA?
Yes the HOA is $257 a month. Fee Includes: Cable TV, Lawn Care & gated community.
Well done video but I would bet many more price reductions to come...time to leave orbit and splash down to earth.
I agree! thank you for watching!
Thank you
You're welcome, thank you for watching!
No hardwood floors, kitchen way too small, no island, lighting is very bad. All in all not my cup of tea. I just downgraded and my own graded house is twice that size or more. I hate cramp homes. I don’t like the lighting fixtures. The soaking tub is out of style. You need a very large shower with beautiful faucets etc. HOA on single homes. The toilet needs renovating and upgraded no wonder why nobody is buying it. The front yard needs eroding and new grass.
that the lawndries house those homes were crime scene homes or drug addicts homes
Where is the first home located?
Hey Anna! it's located in Winter Haven FL
#fakeequity! People have lost their minds trying to sell these wack homes
NOT a Price Reduction when Houses in this Kkkountry were OVERPRICED Over that last 5yrs Anyway!!!
It needs to be dropped $120000, more
The first house is over priced even with the 50 grand off
From Pakistan,
Welcome! thank you for watching my channel!
Vrau.bani.mej.ches.990.billion.$data.20.dec.2022.
Hi Kaleb! I really like your updates with the housing market and how you present the info and film the houses. I also love properties with a swimming pool, kinda wish mine had one. Anyways, it’s always fun to watch and see what’s new in FL. 🛋💌🪁 🌤 I hope you had a nice weekend!