Get Air Conditioning NOW
Get Air Conditioning NOW
Introduction to Home Buying Essentials
Get air conditioning. Now, if your house does not have air conditioning, it's worth the investment. I'm not selling you anything. We'll talk about that and Homes near Apple Mountain view home of the week and 90 days on the market.
The Ultimate Home Buyers Checklist
Let's get moving on this real quick before we get started This episode is brought to you by our home buyers checklist guys i'm telling you this checklist goes through everything including whether it has air conditioning because when you're comparing five or six When you go to open houses, this checklist will help make your life easier because you'll forget.
Does this house have dual-pane windows? Does this house have a pool? Does this house have a new kitchen or new bathrooms? What's the floor like? This checklist helps jog your memory as you go through it. As you go to review and you're looking at five or six different houses or maybe 10 houses, you can compare and contrast against any other house and make a better-informed judgment as to which house you think is best for your needs.
Is Air Conditioning a Worthy Investment?
Air conditioning is a great investment even if you don't plan to use it
Is air conditioning worth the investment? yes. Let me explain to you why. One, there's the utility to it. You get to use your air conditioning. Not every day. I keep my windows open in the morning and shut them around noon time. And right now, I don't necessarily need it, but once it gets over 95, I get to use my air conditioning and yes, it's expensive to use, but you know what that's why I got it.
I put it in when my. Twins were little babies. We had a little room air conditioner and that was just not enough. I'm like, screw it. We made the investment and I've loved it ever since.
Insights on the Real Estate Market and Property Value
However, there is some good data, especially if you live in the South Bay, South San Jose, I can show this to you for any zip code as well.
I did it in 2019 as well. There's a 96, 000 difference in 2021. It's a 100, 000 difference. How much does it cost? I'm going to say it's about 10, 000. I don't know the size of your house. I don't know how big of a condenser you need. I don't know what kind of equipment. Etc. And let me tell you one thing right now.
I was in the gym today, listening to a bunch of air conditioning guys. I know I might talk to them all the time, but I just let them talk. And you know what they told me? It's slow right now, which means you can get a good deal on air conditioning.
You can get it right away. You can get it done tomorrow, and you can probably negotiate a pretty damn good deal. I'd suggest you do it. Okay. This is 2021. Let me, I just did this today. Now understand this number right here, 281, 000 difference. I'm not promising you that you're going to put 10, 000 of air conditioning in and that you're going to get 281 ROI on that return on investment.
I'm not promising you that what I'm telling you is. People tend to spend more on houses with air conditioning in it. Number one reason, guys, the number one reason is because when they have air conditioning, it's one less thing that they have to deal with.
These houses are probably, Completely turnkey or in better condition compared to these ones, right? So at the end of the day, it really doesn't matter. If you're a seller, you're going to make about 100, 000 difference. This one's 96, 000 difference. If you don't have air conditioning. However, if you do have air conditioning, the original list price, it's 150, 000 different from the list price from the average.
So what I'm saying is you're going to get a little bit more over what the expected price range is. This one says it's about 50. Now this is totaled up from here. And then this is totaled up from the no cooling. So you want to five that's the sales price average. I'm not going to guarantee anything. I'm just saying that one.
You get utility out of it. Two, it's slow right now. Get air conditioning now, or at least look into it right now. When it gets hot, then they get busy and then the deals go away. Three, you'll make your ROI on it easily. And I know this article here says you get two or 3, 000 more for it and blah, blah, blah.
That's an average across the United States. So that's 10 percent because it's well, for 400, three 80 something is that average medium price across the United States. Is it worth the investment? Absolutely guys. I'm telling you when we go to sell your house and if you don't have air conditioning, I'll do this for you in your zip code and I'll even break it down to your 10 percent variance from square footage.
Bedroom count, et cetera. And then we can go line item by line item and look at it. And you can make that judgment call. I never forced you to do anything. I just show you the information so you can make better decisions. So you can put more money in your pocket.
Exploring Homes Near Apple Mountain View
See, look, that's the apple complex. It is right on this feeder street right here. It is 300, almost 4 million, four bedroom, four and a half bath, 2, 700 square feet, brand spanking new. It's a great deal. This is not my listing.
The Appeal of Fake Grass and Home Features
Fake grass. Love that. I went to the Campbell boogie night thing, boogie festival, and there was somebody over there selling fake grass. And I just shook my head and walked away. Didn't even make eye contact because I got it. Some people like it. My neighbor across the street loves it because all he has to do is blow off the leaves every couple of weeks.
This is a beautiful house guys. It has a nice little wine cellar. When I say little, it's little. Price of 4 million. This just got listed. This is a mountain view. And the reason why I picked this is because it's right by Castro Street, which is where all the restaurants are, right?
And I like houses that are near walking distance To amenities.
Highlighting Unique Properties on the Market
This one's two and a half million dollars, two bedroom, one bath, 900 square feet built in 1918 on market seven days. This one's going to get chopped up pretty quick.
So what I like about it is they redid stuff, but it looks like they redid it for themselves. This is not a flip, right?
Oh, it looks like there's an ADU in the back. 1, 2, 3, 4, 4 units in the back. So there you go. You can figure out how to make that work.
Yeah. You can actually figure out how to make that work and have it pay for itself. Let's see if it's a studio and two one-bedroom units. So it's a fourplex income of over 6, 000 a month. If you're a veteran, you can get this as a VA 0 percent down. It will pay a big, fairly decent portion of the two and a half million dollars.
And you get to walk to downtown Castro. I'm actually going to go take a look at it. 40 days on the market. This one's in Almaden and again, not my unit, not my listing. 43 days on the market. What's going on? Six bedroom, three bath, 3, 700 square feet built in 1964. I can tell you just it's overbuilt for the area. Nobody needs or wants six bedrooms. It's a very unique thing. Typically five bedrooms is what most people are looking for.
So the sixth bedroom is an outlier. Let's take a look at this one.
Nice. It's nice inside. We just had it overpriced. They've got a little bit overbearing. I don't know if I mentioned it before.
Understanding the Real Estate Market Dynamics
but the market didn't turn into a forest fire this year, mostly because the rates are 7%, but also. I think buyers are just waiting. Buyers are just holding off and trying to figure it out.
Houses are still selling, but you have to be really conscious about price and put your dollar signs in your eyeballs because you'll be disappointed. Staging and doing maintenance and doing inspections and doing all that stuff. You still have to do all that stuff. You have to invest in your house to get the value out of it. This one is on the market for 100 days. The originalist price was one to seven. Now it's one to five.
The problem with this is it's overbuilt for the area. Now it looks like it was burnt down and then they put something on it. And I don't know why they only did one bedroom or one car garage, but they did. It's a three-bedroom, three-bath, 1, 400 square feet. The cool thing about it is it's right downtown. If you had the cash to throw down, this would be a great investment to put some students in there.
You could probably put two beds in each room. And. Charge each one 1500 bucks a month. And the value to that is it's walking distance to San Jose State. So something to think about might be worthwhile. I would say you get this one for 1 million to 1. 1 and see what's going on.
Obviously, you don't know what the seller's thinking. If the seller is not willing to let it go for less than that, then you're just wasting your time, but it's worth investing the time into looking.
Bank-Owned Properties and Market Insights
This is the REOs. We'll go into the REOs and number count in a few minutes.
This is in Stonegate. Right here by Alma and Alma den expressway, one bedroom, one bath for 500, 000 square feet. And this is Seaside, which is a bank-owned property and Seaside 770, 000. Brand new on the market. I think it's Eight days on the market. Not very professional photos, not very many photos.
That means there's a tenant inside. That means you're going to have to evict them after you do it because it's bank-owned banks will not evict them. They will not do any repairs. They will not do any credits. So what you come in with is what they'll work with. This has been on the market for only eight days and banks won't talk to you about lowball offers until about 30 days, three bedrooms, one and a half bath, 1200 square feet.
Let's see if I can get this open for you so you can see the big numbers here. Santa Clara County, 40 days on the market, 103. 90 days on the market, 26. Bay Area Bank owns 73. California Bank owns 158. Not the numbers that we're expecting. San 500. Single-family homes for sale. Same thing with Santa Clara. We're only at a thousand.
we don't have the supply for the demand. Prices are still going to continue to hold steady. I just heard an article or heard a video the other day about someone saying that. If rates go down, values will go down, and I will explore that more a little bit later.
Conclusion and Final Thoughts
All right, today we talked about air conditioning. Get air conditioning now. If you're gonna do it, now's the time to do it because the HVAC people are slow. And when they're slow, they want business and they're willing to cut you a deal.
If you need people, I have a couple of good people that I can refer to you. And then we also had homes near Apple Mountain View, home bank-owned properties, days 40 and 90 days on the market, and yeah, everything's going well, hope this helps. And I'll keep doing this every day and I get a lot of comments.
So I appreciate the comments. If you think I'm full of crap, please let me know too. But there you go. I'm Vito with Abitano. We'll see you out there.
Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 We’re Hiring! 408-705-6817 Vito@abitano.com Website: abitano.com https://www.onereal.com/vito-scarnecchia-1 update your home value: https://hmbt.co/bT7qRJ RELOCATION@ABITANO.COM FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course YT YouTube.com/SanJoseLiving IG https://www.instagram.com/abitanogroup/ FB https://www.facebook.com/vito.scarnecchia/ LI https://www.linkedin.com/in/vito-scarnecchia/ Blog http://blog.abitano.com/ POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb Professional Photography by Kim E https://photosbykime.com / Local Real Estate Market and Home Value Report https://hmbt.co/bT7qRJ Financial Intelligence https://docs.google.com/forms/d/e/1FAIpQLSc0R5pjHIAPguZ5GDEB-fTbGJXKpWK3coK9Khymv_GTWkMnyQ/viewform?usp=send_form https://www.onereal.com/vito-scarnecchia-1 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg
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