We Found Tampa Florida's MOST AFFORDABLE New Construction Homes For Sale [WITH INSANE DISCOUNTS NOW]
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- čas přidán 28. 10. 2023
- We Found Tampa Florida's MOST AFFORDABLE New Construction Homes For Sale [WITH INSANE DISCOUNTS NOW]! Our largest, most affordable home builders just unveiled their new home incentive programs with the biggest discounts to date, but the questions on everyone's mind... "When will it end?"
Considering Living in Tampa Florida? Don't miss out on the chance to save up to a staggering $100,000+ on stunning New Homes For sale in Tampa's best areas to live in and its best master planned communities like Wesley Chapel Florida, Riverview Florida, Apollo Beach Florida, Parrish Florida, Lutz Florida and More. Whether you are a first time home buyer moving to Tampa Florida or looking to upgrade your current home, this is the deal you've been waiting for.
If you are thinking of moving to Tampa and want to discuss neighborhoods, new home options or when might be the right time for you to buy a home, reach out to my team and we would be glad to help!
CONTACT US:
Adam Morejon -The Morejon Group - EXP Realty
📲 Call/Text Direct at 813.766.9706
📲 Email: info@TheMorejonGroup.com
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People don't earn the salary or wages in Florida, to support those house prices. Most employees in FL are unskilled jobs, how can they afford 300k houses?
All depends on their debt to income ratio or you have to consider multiple income households
Can’t afford them in most city’s ts only gonna get worse. Been grocery shopping lately 😳😳😳😳
Super well done video, really nice job will look for more in the future
Thank you and glad you enjoyed!
man... I almost brought a Hartford 3 years ago for $227,000 in a new construction. Now that same Hartford is going for over $340,00... INSANE!
Yeah tampa was flying under the radar and prices adjusted.
if mortagte is 3k /month that is not affordable for avg person with all other expenses. escrow, insurance, car payment, credit card, student loan, etc... Buyer demand near all time lows... affordability all time worst. prices will continue to decline until further notice. unless everyone gets 30-50% PAY RAISE not seeing that happen soon.
The video creator is a realtor. Of course it’s always a good time to buy in their eyes.
As a homeowner I welcome my equity going down 30% if that means more young people can get into the market. I’ll still have over 20% equity.
Get you’re money up my man
You have to make 8000 a month to afford a 3000 mortgage
Sure it is. 60% income to housing is the new 30%
I really enjoy your videos! And while I understand the intent of this video, one thing that you did not cover is the construction quality and reputation of the home builders as many within the scope of this video have experienced a few issues. It's one thing to get a bargain but customer / warranty support is a key component of a successful home purchase. As rule of thumb, I would strongly advise anyone considering purchasing a new home to engage those within the community to see if they are happy with their builder. Keep up the good work.
Thanks for the compliment. We always recommend hiring a private inspector to inspect the home predrywall and after, then again 10 months after you have lived i n the home. This helps tremendously
@@TampaFloridaLiving
Lol as someone that has been in this game for over a decade as an investor flipper, I can tell you inspectors are worthless and could care less. Look at Lenar homes there homes are poorly built and there brand new lol! Don't believe me look it up on here
@@bballah9969 again that’s why I suggest that you hire your own personal inspector, then turn that into the builder and they will fix the issues. This gives the buyer back control.
@@TampaFloridaLiving
I agree 💯
Love that, hope to contact you and find our home
Perfect. Email my team at info@themorejongroup.com
We would love to help!
He is right those prices are not bad considering the current market and used home inventory is nothing because nobody is selling when they are locked in sub 4%. These homes 4 years ago would sell for low 200's. It will be like this for a decade. This is an excellent option for a someone willing to commute to Tampa for work because your not going to do much better. Unfortunately this is what is happening in central FL. Plots of land are being sold to investors, then rezoned, and a builder will cram in as many homes as possible. The neighborhoods look like one giant trailer park no offense. Central FL has has always been very rural and open and its developing into one giant suburban area like NY, Chicago, and LA. I've seen my home city just outside of Orlando go to complete hell from over building.
Sounds great!!! What’s the interest?? Oh never mind buddy. Lmfao
The reason they are putting on deals due to interest rate 8%. The prices should go to pre pandemic level
I dont believe they will. Demand is still strong in Tampa
Do you think the price slashing will be even deeper Dec-Feb?
Yes! Nobody buys in Nov DeC during the holidays - nobody is going to see new homes during that time -
So I foresee the clever marketing folks coming up with great deals with the new year! They rely on people coming out and seeing these new neighborhoods and models. No traffic means no sales -
Better rate buy downs, lower lot premiums, higher design incentives all those tricks :) but inventory homes the ones already built and sitting will have the best incentives not the ones you are building from the ground. Obviously once built - it has carrying cost for the builder so they need to sell it!
More price slashing will happen maybe 1 year after massive layoffs and increase to unemployment. Usually 1 year later foreclosures will happen because it takes a year for bank to close on the foreclosure, that is when the real estate price will start falling. But real estate market is local so it will very from town to town.
I dont believe so as this is their year end, however everything is situational. Last year we saw better deals in january but incentives started to decline in february fast because interest rates were lower and demand was through the roof
Yes, it will
As much as I thought I would love a new home because mine is aging and constantly having issues lately, I could NOT see myself moving into these soulless cookie cutter homes. Give me a fixer upper! Actually, I live in one and I’m working on it. Slow and steady.
where did you buy? how did you do it
Thanks for the great videos Adam! When you say “year end”, what do mean? DR Horton’s fiscal year ended on September 30th (they are releasing their 4th quarter numbers as of September 30th, 2023 on Tuesday November 7th). Lennar’s fiscal year ends on November 30th. I don’t know if Casa Fresca is a public company (or if their parent company is).
Correct… this is the time of year where builders put up great deals. You are correct with the end of fiscal year for the builders… but they still want to compete this time of year… it happens every year like clock work… the deals come out.
The ain’t no deal yet people, wait 2-3 years deal with will be flying
The mortgages on this house were way too much. We have to consider the car, gas electric, cable, phone bills, trash and sewer, property taxes, HOA &CDD, food, and credit cards. I'll to work to high paying job in order to keep up the American dream!
On my way ❤❤👍👍
Woot woot!!! Let us know if we can help!
@@TampaFloridaLivingsure i will thanks 👍
What’s home insurance like in FL? I hear it’s outrageous
It can get a little pricy on older homes like 1950’s for example, but newer construction isnt bad at all. I just sold a $450k home and insurance was $90/month
Homes with alligators as neighbors in your backyard
Just dont go swimming. Thats florida baby! They dont want you like you dont want them!
And pythons. 🐍
@oooJoy no pythons here thats south florida
@@TampaFloridaLiving They've been moving north since 2021 and have been found less than 25 miles from Tampa.
OutdoorLife has a 2023 burmese python map showing that they're in many areas of Florida now. No thanks!
Good luck with getting homeowners insurance.
Dirt cheap with new construction. Average $500k home is probably under $1400/year
Just a heads up for people outside of FL, a lot of people say homes in the "Tampa Bay Area" but the homes are actually very far away from Tampa. Some of those cities are so far. Please dont get tricked by realtors.
Most suburbs are about 35 min outside the city. Thats not bad for most folks moving here from bigger metros that are used to driving more than that.
Also, 99% of people make the trip to see homes before buying… theres no tricking going on lol
@nathanielkelleyiii2558 never hid the fact they were located in areas around Tampa? I literally named areas like wesley chapel, riverview etc and showed them on the map. I went further to call them tampas suburbs bc thats the easiest for viewers to understand. Most would be confused to label areas “unincorporated areas”. Check my channel… im as straightforward as it gets showing distance on maps etc. i appreciate the comment, but i have no reason to hide a 30 min drive when eventually ill make the trip with the home buyers to show them the area and to look at homes etc…
@@nathanielkelleyiii2558 Most people have access to Google maps . There are fuck all jobs in Tampa so most don't need to live in the City .
i would like to know where the hell are these people getting the money from to afford these homes? home prices here in Tampa and rents are out of sight. now take into account all of your other expenses such as utilities, food, car payments, health insurance, and also remember if you are going to be working a job here in Tampa or anywhere else in Florida the salaries pardon me stink. i moved here in 1971 and i have seen Tampa over the past 10 years go to hell in a hand basket. i live in a 55+ retirement community which is a high rise building with great rent, all utilities included and it's just what my wife and i needed. no more homes.
Nice choice of homes, and incentives 👍
Thanks man! Glad you liked the choices
We’re that at we might go there
If you do let us know. Info@themorejongroup.com
Notice the toilet seat have a sticker so the crew won't take a shit...😂😂😂
Lol… i spy….🕵️
do they built lantanas home in plant city what will be the price
Yes they do. I saw a lantana for $412k-$425k. Reach out to us and we can keep you in the loop with them and help find a home when you are ready! Info@themorejongroup.com
Lantana is nice house love l see in wesley chapel
It is! Its a nice layout and works for most looking for a single story home. Its also one of the only homes with a tub in tbe master bath in that price range
1200 is affordable to me
Understood… but that doesn’t exist anymore in tampa. This is affordable with tampas prices now. Every city has a different version of the new affordable.
What can you rent them for??? What is the best rental community???
For being a landlord or a renter?
Landlord @@TampaFloridaLiving
@edwinromero5896 id have to have a chat with you to understand your investing strategy as everyones is different, but i would start with a community with low fees.
😂 so u get 3% of the $500k home and the builder kicks in another $1k that u 'generously' pass back to the buyer, who's paying for all in the first place. Classy move.
Builder started hiring CZcamsrs now 😂😂😂😊
Dang!
Why no mention of the Home Insurance costs of $5-7.5K a year? IF YOU CAN FIND IT.
Because thats not the case with new construction homes. My client just got a quote for $90/month on a $450k home purchase. Thats under $1100 for home insurance. You are thinking of much older homes
@@TampaFloridaLiving Bullshit. You can't afford Insurance on a 15 year old home, built in 2008, because of the new ROOF requirements. The TOP 14 Insurance companies have left the State and the Republicans under DeSantis have UNDERFUNDED Citizens insurance which is the company of last resort.
Please don't say Vinyl and luxury in the same sentence.
Yep. There will be no soft landing. 400-600k is absurd for these incredibly average houses on trailer park lots.
Do the taxes on 500-600k at 2%?
So you really-can you really-afford to pay 1k a month to the crooks of you local municipality in taxes?
Ready to pay 3.5-4k for a 30 year mortgage? Ready to have to pay 8k a year in insurance? How about replacing your roof at 30k every 11-12 years to keep insurance in force?
Good times huh?
As much as I dislike our 2b 2b 1100sq ft house for 240k at 3.25 % we aren’t selling because our cash flow is so comfortable. I was so mad when I found out the sellers got us for 90k in profits. But honestly I’m glad we got in when we did 2 years ago. We’re stuck where we are at but at least we’re not stressing financially.
I hear you
I can’t with the low
Ceilings.
20 years ago this house would’ve been like 150,000 bucks.
So true but 20 years ago 100k was not what 100k is today.
@@TampaFloridaLiving Yes. $100,000 in 2004 would be around $162,547 today. Inflation has been about 2.6% per year. This house should be closer to around $260,000, not $400,000. The price is insane.
Insurance
I quoted a new build 2200 sqft home at $90/month last week so really not bad with newer homes
The median annual *household* income here in Florida pre-COVID was like $56k/yr. I don't consider these homes affordable at all for regular Floridians. The only hope builders have are conning wealthy people from other states to buy these properties because who else can buy with our low wages? I do like these types of videos but I don't care for these designs and they don't look like homes for families, just cold, childless yuppies from Silicon Valley. I don't see warmth or any love in these spaces. Say it: No white walls! Let's see some beige and some crown molding! ^_^
By the way, Wesley Chappel isn't considered 'close' to Tampa and neither is Riverview!
The only incentive that would make me buy a home now is a 20% price reduction. Prices will go down. We are in a bubble.
What makes you think we are in a bubble? Whats data proves that 100%???
@@TampaFloridaLiving is it normal a 40% appreciation in a two year period?
Discount means a weak market! It going to get crappy soon!
Instead of 500,000 it's 40000. Still not affordable
That you cant get real insurance on.... pass .... Florida is a 3 card Monty game with 1 card.
Insurance is a breeze on a new construction home. Super affordable too. They get all of the insurance breaks because they are built up to current code and have all energy efficient bonuses etc. insurance and utilities are much lower than an older home. Fact check it!
@@TampaFloridaLiving The world's big 3 insurance houses which underwrites basically all minor insurance companies use on all of their policies will not underwrite Florida property.
At best it is a state fund fig leaf coverage.
they want to get rid of inventory bc the market is crashing
No its not lol. Interest rates are higher at the moment so they are throwing buyers a bone
There’s no freebie lmao
There’s no bone they just don’t want to hold something that they are having to cut prices on every month. Lol
Discounts gonna be even deeper in Dec and Jan 2024…. Desperation is starting at the greedy builders, especially low end builders like the ones you showcase. Bottom tier builders
How is it desperation when they are selling out? Inventory in tampa is super low so. I heard the same things over and over the last 2 years… its simple supply and demand. Things will slow with higher interest rates, but thats why they offer incentives. They are still selling out of their homes. And so far they are controlling builds so they dont over produce either
@@TampaFloridaLiving they are slowing waaaaay down and that’s good because they way over charged for their product the last 3 years. The craftsmanship of those builders, the finishes, the tiny lots, etc etc. specifically those mass builders with shareholders asking for stock prices to remain high. They need to move product even if it means screwing buyers in the same subdivisions that paid 100k more for the same exact model. See that’s the part you leave out. Check out the comps and prices of those same models in 2022. A lot of angry buyers will be not so happy. When they see their same home down the street slashed by 60- 100k less. Monopoly is fun!
Some neighborhoods take 5-10 years to complete. So do today's buyers have the right to go back to 2019? 2018? Further? It's a slippery slope when you compare homes built in the past to the ones built today. The only constant in the home building industry is changing costs.
@@jazzyflorida3757 they are offering incentives mostly. They haven’t had a need to slash prices. They do so at times but I have still seen price increases.
Over the last few years Builders raised prices as the market increased, home buyers overpaying is what looks inflated. Buyers were paying cash over price and thats what is reflected when you look at prices. Builders havent lowered prices as you say and they never do unless they have to .
@@TampaFloridaLiving you see it from the realtor side and I see it from the financing side. They don’t slash the price yet- they slash other ways :) only thing saving builders is the freeze on the existing market.
Big problems coming for home builders.
These are ugly houses. Sorry for my frankness. The prices should be cut down by at least 40% given the current mortgage rate and fewer WFH opportunities for people
That’s not affordable!
#ad
🤮
Way, way, way overpriced !!!
Instead of giving these ''great deals'', how about keeping the prices real? No need for ''insane discounts''.
Market prices are set by what people are willing to pay and this far homes are still not sitting. I wish they were lower too but people still want to move here
@@TampaFloridaLiving I get it. It's the American way of marketing. Confuse the customer and shove it deeper till it hurts like in 2008. Works all the time.