This Florida House Won’t Sell… Even After an $100,000 Price Cut

okay guys so the real estate market in florida is just being destroyed there's so much supply on the market all these houses are just sitting here and i just wanted to ref it and did a quick search and just picked a random house and we click this one right here and if you look it's a beautiful house it looks great just look at it outside the inside's nice it's renovated it looks like nice new flooring the interior is beautiful nice light shining through yeah everything here looks pretty high quality doesn't look like a cheap flip it might be staged of course but it looks nice i like it i will live here and it's in sunny florida i believe we're in orlando florida right now and it's just not selling so this person bought this house and they bought this house look it even has a pool a very nice pool it's not too big it's surrounded by a lot of grass and not the best design here but the pool is there the pool is nice okay has a nice backyard i just i like it i like it simple it's clean but no one's buying it why let's look at this look at this they're saying price improvement let me show you how much this price has improved so if we go down all these upgrades it's just not going so if we go down here we can see this person bought this house in 2023 for $715 and then they listed it for sale in may so a year or two years later exactly two years later they listed it for sale i wonder if they meant to do exactly two years later they might have based on some laws and mortgages and all of that so they listed for $800,000 a come up of $85,000 that would be that would be huge right so they wanted $800,000 in may of 2025 just about six months ago now yeah and then they decided oh it's not selling fast enough two weeks later and they say actually 20 or three weeks later and they say let's go to $789 dropped by $11,000 june passes $779 july $759 august $745 man they've come so far down from that $800,000 and remember we started at $715 that's what that's what they bought it for so they they probably got a mortgage for $715,000 and look at the history here this house is just up and down right so whoever sold it to that guy listed it for $749,000 and then the guy bought it from them for $715,000 and now we're at august of 2025 and it's at $745,000 now september passes it looks like someone wanted to buy it it was pending sale in september so two months ago it was pending sale that's good that's a that's pretty that's not too bad right that's about four months that they had it on the market for it's not great but it's not bad and it fell through it fell through so this is just how it looks in florida right now you can see all of these houses here are for sale and they've all been on the market for over 180 days that's a lot of houses to be on the market so september comes and passes the price was at $745,000 and dropped to $735,000 relisted at $715,000 so we started at $715,000 in 2023 that's what they bought it for they wanted $800,000 after all those renovations and improvements and now it's october 6th and we're at $715,000 but it gets worse october passes no one buys it it was removed the seller got tired and decided okay we're gonna do some changes and they put it back up at $715,000 and then they changed the price to $700,000 about two weeks ago three weeks ago now for $700,000 that's what they want now man that is i hate to laugh because this is somebody's pain but they really wanted a big come up here for $85,000 from where they bought it for two years earlier but they just couldn't get it and now they're under they're under what they wanted to buy what they wanted to sell it for they're under what they bought it for and they're way under what they wanted to sell it for and fortunately they probably they probably paid off some of the market so far so they're not underwater quite yet but most of their payments would have been interest so they're probably going to lose a good amount of money on this deal if they sell for $700,000 especially if it doesn't sell because this trend is not looking good they have too many too much inventory there are too many options here so look at this the houses around them are for $575,000 so $600,000 $400,000 $300,000 some of them are $725,000 but most of the houses are in the $400,000 to $500,000 $600,000 range so they are kind of an outlier right now in this market look at this $200,000 $300,000 you can see there's only a couple of them in view that are for $700,000 of course there are the great ones for a million dollars but there are just too much inventory and all these houses are competing with one another and this one just is not going to sell if we look at the tax history I haven't looked at this one yet but if we look at this we can see that they bought the house in 2023 and the tax the property tax was at $6,000 it's since gone up by over 68% in in in 2024 it went from $6,000 to $10,000 per year for their income tax or for their property tax so not only are they going to sell the house for less than they bought it for they're paying more taxes on the land a lot more taxes and if they don't get it so before the end of the year that property tax is probably going to go up again and Florida is struggling uniquely because they have all these hurricanes and insurers don't want to insure them so the state has to step in and say hey we'll be the insurer of last of last resort that's not great so selling buying a house down there is not so easy anymore and that means that selling it isn't going to be easy which means that it's going to be a buyer market more so than ever before and right now there's just so much inventory in the market so that makes it a buyer market i feel really bad for this for this this couple probably or one person whoever bought it because this is a nice house i think it's i think it's good just from the outside looking in but you can see recommend it for you based on homes you've looked at so these are the homes that are like the ones i've been looking at in florida and these are all in the 200 400 the top of the market in this little bubble little square here is seven hundred thousand dollars 689 excuse me so this person is going to be very hard pressed to to find a buyer after all this all this work and they're they're just trying their hardest to get this thing so the real the real estate agent here is working overtime probably trying to get this thing sold let's look at the picture some more let's look at it i think they have a 3d tour yes let's go ahead actually let's do street view first look at the street so this is the house right here a little driveway which is great this is a nice street look at this look at the neighbor's house that's a much better driveway go right around yeah this isn't a bad area looks pretty calm yeah it looks like a good middle class middle class street not too much noise i like it and it would do a 3d tour here we can click in metaport and look around look at this little fireplace that probably is out of commission it has a bedroom on the first floor and a bathroom and the bedroom has a bathroom of its own look at that look at this bathroom oh this is so good i like this but no one's buying it for some reason this is a very spacious room has a tv mounted you know what this is probably an airbnb house whenever i see a tv like this i just think airbnb because i i usually use my bedroom for my tv on a dresser but maybe that's just me but feels like an airbnb house to me yeah look at this another big another big bedroom with great light from the sun outside outside the window right there yeah another nicely renovated bathroom this person did some good work on this house if this was their work this dining room's very big well i guess i live in an apartment so everything seems big to me but yeah this kitchen is definitely big all right this is a good kitchen it looks like a galley style open concept yeah let's see what else do we have here let's go in the dollhouse yeah we can look at the house look at that look at all these rooms that's an office let's go in there oh it's the second floor okay so let's close this how do we do that come on matterport you gotta be easier than this okay let's go in floor plan look at that take me to it okay i'm on the second floor now this is little play area for the kids i guess with more windows i love the windows in this place just love it it was doritos someone loves doritos okay what else do we have let's see hallway another another this is a huge bathroom wow okay so much space look at that the toilet's free no nothing can come around it little vanity i like it wow okay another bed another bedroom good size as big as the bathroom what else what else do we have and that's it i guess for up here so it has two rooms and a bathroom and the two rooms downstairs so that's four bedrooms i believe we exhausted it more windows i am a big fan look at this when you go outside i don't think we can what we did is one matterport is did not do this house right they should have taken us outside and the kitchen i like the sink yeah look at the look at the fridge this is a this is two doors double doors why are you not selling what is wrong with you house it can't be the house look at these windows so much light natural light i love natural light yeah this is a this is a good house this tv is huge i hate tvs that are so high off the ground i have to look up at it i don't i don't like that that's too much network okay more more huge windows this is a beautiful house oh the office has a laundry oh no this is the laundry area okay looks like there's a separate office then somewhere but yeah i like this house what do you guys think why is this house not selling anyone in florida tell me in the comments below what do you think is wrong with this house what do you think is wrong with this market that such a nice house is just sitting there for months and months and now it's underwater went from wanting 85 000 above what they bought it for to now being under by 15 000 what they bought it for it has everything you could ask for okay well that's all i have i i hope that was uh enlightening for you of course if you like this go ahead and subscribe to the channel like the video below and i will have more videos for you guys if i get enough engagement on these videos comment your thoughts below let me know what i missed what is wrong with this house because i might just go down to florida and buy it if i ever would be willing to live in florida which i'm not but if i was i would go down and probably buy this house if i had a hundred thousand dollars sitting around anyway that's all for me i'll see you in the next one