Buying a Lennar Home? | LISTEN to These Buyers First

Buying a Lennar Home? | LISTEN to These Buyers First
Houston, San Antonio, Austin and Dallas Texas.

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Are we in a housing bubble? Will real-estate crash? Is there a housing crisis? How do credit reports work? What are the new Tax laws? Listen to the data and please share your own stores and opinions. It is more important now more than ever with so many changes and challenges. We plan on bringing more and more videos on real estate and how to educate and empower yourself. Please like and subscribe but most importantly empower yourself with education!

0:00 - Intro
3:59 - Video Testimony
7:32 - Consumer Affairs Reviews
13:28 - BBB Reviews
17:49 - Yelp Reviews
18:40 - Conclusion

Data Source:

#housingmarketcrash #newhomes #housingmarket

Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036

Travis Spencer
TREC Provider #10299

Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373

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[searlearnold]

Wow Travis. You know every time you put out a video like this, I always comment and say the same thing. You have no idea how pissed off I get hearing about builders who build crap and screw consumers. Nothing has changed over the past 30 years in construction, in fact, its' gotten worse. When we can see the largest builders in the nation building the worst homes and making the most basic errors in building science, engineering, material choices, quality control and practices, you know there's a problem. Over the years, we've seen scandals in construction and they never get solved, they get worse. It's just too easy for the bad builders to ruin the consumer and get away with it. I know what my factories and materials can build, because they're engineered and 3rd party tested and approved, but to take on this level of garbage building across the nation is completely overwhelming. It seems those of us who provide great quality are simply grossly outnumbered.

[Happydayz-]

I cannot believe any buyer would sign builders contracts! After I read that one-sided bit of filth, I walked. The salesperson attempted to insult me by insuating that I couldn't afford the home that's why I was questioning the contract. I laughed and got the heck outta there. Best decision I ever made in my life.

[yellowstoic]

Worst time to build a home is during a boom. Best time to build a home ironically is during a recession. During a boom, labour is in high demand, so they'll take on the green horns. During a recession, the best trades people will get immediately picked up if laid off. They're paid to stay home because they'd be impossible to get back if lost. During a recession, work will only be completed by competent individuals, and during a boom, work is done by amateurs.

[ttttttttttttttt]

We bought Lennar brand new. It would take too long to list all the issues. Here are some . . . leaking water pipes, cracks around the front door (eventually a front door overhang was installed) cracks around all four sides of doors were never repaired, sliding back door locks did not lock and had to be changed twice within the first year. Stairs railing only had one coat of stain (they came and put on a second coat), exterior window trim stucco literally melted, floors had pits in the grout throughout the entire downstairs and the bathrooms upstairs (they had to pay the flooring company to come back and re-due the floors. A few days later the toilet was leaking and they found the grout brush jammed into the toilet??? All of the appliances came with the house - Electrolux. 6 of the 8 appliances broke repeatedly and needed repair within weeks of moving into the home. They gave up on fixing the dishwasher so I was told they would replace it with the same one that was in the model home. The appliances were not an upgrade. We should have had the same quality as the one in the model to begin with. The refrigerator door handles were loose from day one. No one has been able to repair them. Again, these are just some of the issues that we had with our brand new home.
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[heidispahn]

August 25, 2022 I was supposed to close on a brand new Lennar home in Firestone, Colorado. Two weeks prior to closing I had the house inspected, I paid $600. I got back 175 pages of write-ups or defects. Defects include holes in the roof, flashing missing, water leaking from outside faucets to inside the house, stairs going from mudroom to garage not built to any standard. Counter top not level, corners not square, Dishwasher not installed correctly. The trades were horrible. I could go on. I walked away...Lennar sold the home later...

[thisisfun]

I just wanna say thanks for not blasting us with ads before the video starts. 👍🏻👍🏻

[zerocoolflt]

I have lived in a lennar home here in Florida for two years now and i am very happy with my home. This is actually my second Lennar home. That being said I have also upgraded a lot of the items in my home because Lennar is a production builder. Remember Lennar uses sub contractors to build their homes so quality will vary from place to place.

[gypsyartist]

And now I'm so grateful that I prefer "old" houses. My little 120 year old house is still standing straight and tall with no cracks. I'm looking for a property to buy to move my little house to because I don't like the neighborhood where I am now. It's mostly new developments...including Lennar....and feels kind of icky. But I really do appreciate your videos, because I'm determined to wait until the property prices settle down, even the ones for undeveloped property. I appreciate your honesty, and experience and am continuing to follow you because you are on top of the market.

[Portodan]

You got to fight with builders. One of the best things we did is hire a third party inspector twice pre-drywall and for closing. Now I am now 5 months out for my first year of owning a home. I hired a different inspector for 1 year warranty. They hate me but they got no choice but to honor the findings by the inspector. I pray to God I do not have foundation issues. Either way that would be a fight that will require a third party engineer and a lawyer for them to take you seriously. Very unfortunate when it comes to warranty.

[brooksmcginn]

I had the same experience with Lennar, happily got rid of it.

[TheCatholicGirl]

Wow. I was a residential real estate appraiser that specialized in new construction. I appraised 1, 000’s of homes. I also sold homes for a few years. So I’ve been in a lot of homes and was trained to identify issues. Those are some MAJOR foundation issues. They should get 3 estimates to repair, get the work done and sue. You don’t want Lennar doing the work anyway.

[chrismoore]

We have lived in a DR Horton home for 3 years and just found that the skirt on the roof that goes over the vent from the dryer was NEVER installed, leaving a hole in our roof. After hounding DR Horton they finally sent out a demo guy that took the mold out of the attic and ripped the wall out where it was wet. Still waiting on them to send out someone else to fix it. Starting to think a custom home is worth the price. Thanks for the videos Travis.

[Lashawnloves]

Don’t rush to buy a home! I’m 39 and I don’t have me yet so I looked at Lennar prices and I said why are the homes so cheap and somewhat affordable…I’m waiting not in a rush and I’m glad I found this source

[DARTHKNOWS]

Interesting I own an Lennar home for the last 3 years and nothing like this has happened to my home. I did my research before buying my home and saw something interesting that homes built in the east, south east and Texas with less building regulations there were more issues with the end product. my home is in Riverside County in southern California. The Lennar selling agent that we purchased our new build home let us know that since we are in California the stringent building and labor laws force Lennar to build the houses better than say in the South east. unfortunately the contractors used in areas that have less regulations tend to have more issues. so far after talking with my neighbors and being here for 3 years we are still going strong with a beautiful home. with no issues . do you due diligence is what i say when buying the home check the building and labor laws for construction in your area you are wanting to buy into it will save you a headache.

[RENEGADEPINOYTexasever]

I bought a Lennar House. So far no problems 7 months counting.

[suaveeze]

One of the houses I pulled out on was Dr. Horton 2021 build. I’m so lucky that VA makes you pay for an inspection, because after the inspection there was all kinds of problems. I appreciate the insight and I won’t rush.

[igotanimac]

These type of buyer experiences are a thing with every single home builder, it's all about as quick as possible because $$$$. You only hear about ones like Lennar and DR Horton the most because they are the biggest builders, but even smaller ones have the same bad reviews. The important part is that you get a home inspection before you close, and during pre-drywall as well, have them fix everything and correctly and have a post fix inspection for everything. If some things aren't fixed or not fixed correctly, threaten not to close on time and watch how quickly they hurry up. A lot of these things the buyer in the video said didn't work, could have easily been brought up by a home inspector before closing. Problem is, Lennar sales rep people always say '' oh don't you worry, we have to pass our own inspection or else we can't sell it." well yea... their inspection consists of walking around the house to see if anything is on fire... they don't check jack, so make sure to get 1 or 2 inspections yourself.

[serenity]

You’re so awesome! I continue to learn from your channel and a few others. I desire to purchase but I’ve been hiring and firing realtors. As a buyer, it’s mandatory to educate yourself and ask questions and not be manipulated and pressure. Well said “Take your time”. Thank you so much!

[MermaidTreasureHunter]

number one mistake buyers make is not having their own representation when purchasing New Construction. number two is not getting a home inspection. People who get caught up in a hot market and give up inspections and other contingencies usually end up damaged.

[gilbertlopez]

I worked in the building industry back in the middle Seventies. That when they started to stop using Union Labor. You had to go through a apprenticeship program inorder to be a Journeyman Carpenter. I knew many Journeyman who started it the late 40's early 50's who had to put in there 5years to earn there cards. Now they put out quality workmanship 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍. One of them was a good friend of mine who bought a new home in the late 80's. The only union people were the tile layers. Oh I forgot to mention that my friend was a inspector so he would drop by the work site to look at the quality of the work. When he first started dropping by the builder asked what he was doing. He informed them that he was inspecting the work also that he was a inspector with 40+ years in the industry. Putting it straight to the point 👉 when something wasn't up to his standard the builder took care of the problem before his next visit. The builder even though in a few upgrades that my friend was going to do after they moved in to the home. I helped around the home finding a few minor issues . Nothing to really complain about.