Відео

Real Estate is always about price. If you don't believe it then take a $300,000 home and price it at $100,000 and see how fast it sells. I did this show because there are many people that say it's the rates. Now on the flip side, if the rates do drop into the 5's then there will be a flux of buyers. Many are on the edge and that would help them. For many you need lower price and rates. Without inventory then you will be back into the cycle of frenzy home buying, multiple offers and price increases. Alot needs to happen to be back to normal.

@@NorthFloridaLiving The example I came up with is: If I offered it for a dollar, would you accept the price? If I wanted 27 trillion, would you accept the price? Warren Buffet said, "If you can't do the deal on the back of a napkin, walk way." Now, why do you think he said that?

In the example I talked about it was the roof. Now they had a 4 point inspection report before closing. Had they told us this before closing then we could have had the seller make adjustments. After close, it's all on the buyer.

Oof, that is a nightmare. How old is the roof if you don’t mind my asking. Are the options to get a new roof or switch to Citizens? The insurance situation seems to get more problematic every year.

@@RainaMae-ro9mx The roof was 2016. They didn't like a repair and wanted it replaced. This needs to be brought up before close.

Zillow gets it's feed from the MLS. It dosen't always show everything. I have my customers send me the Zillow page and I look it up for them in the MLS.

If you are the one who gets the insurance cancellation 3 months after you close and find out it may cost you another $500 a month and possibly push you to sell because of the increased payment then it is a disaster for them. I stand by my title and thumbnail. You probably fired off your comment without watching the whole video.

It always happens at the end of the year. Alot of listings expire on 12-31.

It's not just new homes. Used homes get jacked on renewals. I'll follow up once my new home customers get their renewals.

Do you have property in Florida or want to move to Florida? Just curious

@@timothyhobbs5256 I live in Florida. I was born in Florida and have only lived in Florida.

@@NorthFloridaLiving sorry that question was directed at frankrusso

@@NorthFloridaLiving but awesome, I love JAX. I was stationed in Kings bay

Watching and reporting every week.

Watching.

Same here, I have been shopping and can't bring myself to spend and cash these greedy sellers out. I'll wait.

Crazy prices are all over. Mind blowing prices are in South Florida. Everything is relative to where you are coming from. If you are coming from an area like South Florida where you sell your house and buy up here to get more house and for less money, then this area is a bargain. If you have lived here for some time it feels like science fiction when you see a house for $350,000 and the description says fixer upper.

I have several buyers looking for houses. A problem is that many homes are not high quality. Many have insurace issues. I don't just need more listings, I need more quality listings.

I have at least 100 homes in my saved properties listed as “off market”. They expired this year because the sellers wanted too much. I’m certain they will return to market first quarter 2025. By second quarter 2025 it’s going to be a fire sale. Inventory is going to go well above 10k. Plus you have ALL those unlisted new homes made with paper clips and superglue that nobody wants. Gonna be a fun year.

@@NorthFloridaLiving Yup the houses are a mess indeed. That nasty little abbreviation, "comps." When those wrecks do eventually sell, there's your comparable. Even a quality listing will only fetch what a comp says it's worth. Otherwise they go cash which I would never ever pay cash for real estate. This is the time when I myself look for homes to buy- humbug!

Another thing to consider when watching state wide numbers. I see videos of people saying how prices are drasticaly dropping in Florida.Well, in the areas hard hit by hurricanes people are taking cash out offers instead of fixing the house. Some didn't have insurance. I know personaly people who fought with their insurance for almost a year after Ian to get wind damage items fixed. These sell offs are factored into the average.

Thank you.

Thanks

There you go.😀

Thank you.

Alot for 2025 coming.

@@NorthFloridaLiving I know I see it in the hidden numbers. 2026 will be worse. These municipalities got the green light to go hog wild, and they did! Raising the costs on everything! Now that inbound migration is back to normal or less with inventory sky rocketing We'll continue to see steep declines. This will not shake out for years. Tom, this is nothing new that you have not been through already.

@@904eb Bubble Watch on Friday will stay. Only moving the Sunday homes to another channel.

@NorthFloridaLiving good to know. Please keep up with bubble watch! No one else has anything close to it on UA-cam.

@@904eb Thank you.

I get it!! Believe me. I can't wait to get out of here. It's STUPID REDICULOUS expensive here.

$9200 for real? That's crazy

@@NorthFloridaLiving Yes its's real Tom and zero accidents or tickets 3 cars 3 drivers NO MERCEDES LOL

The older homes are usually block construction if that matters to you. The older homes if they have been upgraded will help you with insurance and sometimes you will get more for the money. I sold an older home in Jacksonville in the low 300's and it came with a nice size yard and a newer pool. The pool alone is $80,000 or more to build. The downside to the older homes is that they are usually smaller square foot and the rooms are smaller. The bathrooms are definately smaller. Also many don't have a garage and the carports have been enclosed on most. The ceilings mostly are 8'. Most new homes will come with a garage and everything is of course new. It is harder to find a newer home without an HOA if that matters to you. Insurance is usually better on a new home. Most new homes are frame. If your ok with frame homes and the HOA a new home may have more value when you look at the extra square footage total you have. If you want a pool then used would be a better deal. If you decide to look at a new home, do not speak with the new home agent first. Always have a real estate agent go with you on the first visit. If you use me as your agent, then I do have an offer for my customers.

I just closed Friday on a U-Haul coming into Florida.

@@NorthFloridaLiving Tom, I tell ya. You have the best job!! You sell them the house when they come and you sell their house when they leave in a year.

@@frankrusso2093 It has happened.

@@NorthFloridaLiving They ruined this area. People are nuts not renting first.

It's all relative to where you are coming from on whether it is over priced. As far as the cash sales. 41% of the cash deals were for homes under $300K. This could mean fixer uppers and rehabs took up a good share. Alot of homes under $300K may not have been able to get insurance due to lender requirements that items be fixed before closing. Without a deeper dive into it, I"m just quessing.

Thank yo

😀

I smell a RAT!

There are several beaches with public access, but my favorite is Flagler Beach. About 20 min from this house.