I did this video because new home buyers have a lot of unrealistic expectations from home builders and they just don't understand what the builders and their contractors are going through. Most all home buyers do not understand what is going on in the real estate market (now) in regards to new construction home builders. Everyone knows that it's a crazy seller's market and home prices are going up. I will help you understand what is really going on right now.
Hi everybody. This is your Tampa Bay realtor Lance Mohr and in this video I made a go over about the truth about new construction homes in Tampa. What’s really going on and I'm going to be talking about some stuff a lot of you may not want to hear and personally won’t like but that’s what I’m going to talk about in this short video.
So as most of you know, we are in a sellers’ market. In other words there’s a lot of buyers out there and not a lot of inventory and not a lot of inventory and a lot of people are starting to lean, have been leaning toward new homes in the Tampa area. The reason is because a lot of sellers just aren’t realistic on their price. If you look at a lot of pre-existing homes they’re either overpriced or they’re not nice condition or their assumption something functionally wrong with them and it’s just drawing people to new construction homes but the problem we have here and it’s not just in Tampa, it’s not just in Florida, it’s in a lot of places across the country is that everything is going up up up. So labor cost is getting higher. Prices that people want is getting higher. Material cost a whole bunch of different factors and there’s not enough qualified people around the country to build homes or having to do a lot of training. Then of course people get the training they want to go somewhere else and make more money.
So this is coming up everywhere. Now this is something, if you watch my new home videos. I talk about all the time, inspections, inspections, inspections, but I’ll give you a couple of examples. The other day I was talking to a representative with multi-home. He showed me this upgrade on the home and he said “see that upgrade over there?” and I said “yes” he said “last week that was $3800 this week it’s $5,200”. He said “that’s not something we’re doing”. He said “the company that we go to that does that their cost to us went up $1,400”.
I was talking to another builder and he was telling me where I always tried to get my buyers to get their scheduling if they’re coming in from out of town to go into the design center and take a look at everything before their appointment and a lot of builders will actually let you go in before you even write a contract. So I had buyers go into this one company before they even wrote a contract and I had them take the pricing catalog to get a good idea. The problem was the builder just cut that out, they said “You know, what we’re not when people in our design center. If they are on the fence there’s no more of that. You have to be under contract with the home. Once you’re under contract with a home then you could go to the design center and just look around before your design center appointment.”
So things are starting to change and a lot of this because a lot of the builders especially the good builders and the good areas are just busier than they know what to do it. They have so many buyers out there and there are so many consumers. I’m going into this model homes and I’m walking in and there may be on or two cars in the parking lot all of a sudden I’m walking out an hour late. The entire parking lot is full of people parking on the streets. So it’s just something to keep in mind when you’re looking for a new home just take everything with a grain of salt because things are changing. They are always changing, it’s not that the builders trying to be mean, it’s just that they’re very very busy right now and they’re really taken their pick and going with buyers that are ready to buy right now opposed to sitting on the fence in another six months or a year. And this happens when the market is busy. So hopefully you’ve had a chance to watch some of my new construction videos and how to save money and understanding the process. I’ll put a couple up above.
If you have any questions at all don’t hesitate to give me a call (813-317-4009). If you like these videos give me a thumbs up and if you’re in the Tampa Bay area and you need a good real estate agent let me know I’d love to talk to you, help you out. Thank you very much for watching my videos. I wish you the best of luck no matter where you’re building a new home.
For more education real estate videos. From home buying tips, new homes and new construction, seeling a home tips etc. Please visit my real estate YouTube channel. Share my videos and don't forget to subscribe. You can also visit my podcast https://www.spreaker.com/show/how-to-buy-a-house-series. Thank you.