What you get for $2MM Santa Clara County

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Exploring $2 Million Homes in Silicon Valley What you get for 2 million in Santa Clara County, Silicon Valley. Also what you should think about if you have pets and you're thinking about selling your house and existing homes monthly supply, which is Freddie Mac or Fred, and let's see inventory and supply charts. Let's get moving. Selling Your Home with Pets: Tips and Tricks

Pets and Showings

What sellers should think about. When they have pets, it's an article from Realty Times, about what sellers should know about pets and showings. Look, some people are afraid of dogs. Some people don't like birds. Some people are afraid of cats or just don't like cats. So if you're showing your house to sell, some people just might get turned off from your pets. I know their family. you don't go into a model home and see dogs lying on the couch, birds in a cage, squawking at you. What you're doing is putting a line in the sand and what you want to do is make it a path of least resistance for all buyers to come through your house and want to buy it. If you turn off five 10 or 15%, you might be turning off that one person who's willing to pay your crazy expectation of price. So if you have dogs, don't put them down, put them away, take them with you. If they smell like my dog smells at my house, I could tell you that when I walk into my house after a couple of weeks of being sailing and I come back, it smells like a dog. Get rid of that smell. You have to deep clean your couches and deep clean your carpets if you have carpets and just do a massive wipe down. And I have one that's a husky and she has hair everywhere. I have a pillow of hair every time I sweep my floor. It's gross. Just is what it is. This is what it is. If you're in that situation, it might be smarter for you to move. Buy another house, move, and then sell your house. It might be easier for you, depending on your situation. Most of the time I tell people don't buy a house until you know what you're, what you have to play with. It's a precarious situation when you buy a house first and you have two mortgages. I get it. But most of the time I hang out with people that have dogs. You'll see me at the park hanging out with the dog pack. And if you have, if you love dogs, or if you have a dog come by, we'll love to have you and hang out with you. But we stay away from other people because some people don't like dogs. I get it. Same thing with cats. Same thing with fish. Now if it's a fish or a lizard or whatever, do you have them in your aquarium? I totally understand. Just make sure it doesn't smell and no feathers are flying around, whatever. Okay. Navigating the Real Estate Market: Supply and Demand Insights

Existing Home Months' Supply

So our monthly supply is growing and goes back to five years. You're going to see it's getting up there. Not as crazy as it was in 20, which is 4. 6, but we're getting up there. This is when we stalled the market, right? We stalled the market here and we slowed down. Rates went up and went back now. Now things are coming back to normal. This is the summer selling season. And even though some places are finding it hard to sell houses like Florida and Texas, where everybody moved to, and they're getting out because they don't like the heat or they don't like the whatever and whatever, they just got out. They were like, I don't like living in Oregon. Now might not be a time for you to sell. Leveraging AIDA for Real Estate Marketing

AIDA Attract, Interest, Desire, Action

This episode was brought to you by Aida. Not only is Aida my aunt, but Aida is a company that does all of the backend marketing for me. They create a funnel, the. Sales collateral, the sales magnet, they create the follow-up, the voicemails, the emails, the texts. I don't have to do anything. And if you're a business owner, especially if you're in service, AIDA does everything for you. I used to spend hours in my CRM. My database and goofing around with all this. How do I do this? How do I back in that? How do I make that? How do I connect this? it's a pain in the ass. I got to the point where it was a brick wall for me, a mental brick wall. I just refused to use it. So I went to spreadsheets. Now I do my business on Aida, which is. Just like every other CRM, but what they focus on is doing the stuff for you. Now you do have to make a phone call every once in a while. That's just because your job is sales. But what if something else could do everything else for you.

FREE HOME BUYER CHECKLIST HERE

So you could free yourself up and go and be belly to belly with your prospects and clients. This goes through the AIDA funnel. if you're thinking about buying a house, this whole thing goes to the whole AIDA thing. It alerts me that you downloaded the buyer's checklist and it's easy and I don't bother you unless you call or ask a question. Because this really is just a free thing. I don't want if you're not in the mode to buy a house. Great. If you want to use somebody else that's too bad. I'm here to educate. I'm here to show you the process. I'm here to protect you and be your guide through the entire process. Not everybody does that. Analyzing Mortgage Rates and Market Trends

Inventory And Supply Charts

Current mortgage rates are 7%. They are not going down, guys. That probably goes down, I don't know, September, October, November, they're saying August, but you know how reality is. So the reason why we're not seeing the firestorm that we saw two years ago is one supply. We just don't have the supply and two interest rates are up. So it keeps a lot of buyers out of the market. Buyers are buying up houses. We're just not increasing the supply to meet the demand, which is why prices continue to go up. As a matter of fact, I just heard that California median price in California is now 900, 000. Not tenable for a lot of people. We always talk about how much it costs or how much you have to make. To do that, you need to make about $125,000, I think. What $2 Million Buys You in Santa Clara County

What you get for $2MM Santa Clara County

So what do you get for $2 million? There's, let's see, how many units are there? I don't see where the number is, it doesn't shift to 40. 40 listings at about $2 million. So I picked Malone, which is 9 5 1 2 5, and I think I picked it because it's in Wallo Glen. Really close to Willow Glen and it's brand new, but it's a two bedroom, two bath, 1, 400 square feet, but you get another ADU, 200 square feet. ADU is 73 years old and on the market for a whole seven days. Let's see where this one lands. Basic upgraded in the early two thousand. That's nice, but it takes up the entire room. You can tell this, You're losing two and a half feet. Of space. So you can have your cupboard, which probably cost five, 10 grand at the time. And when you're working with a small house, that's probably not the smartest thing you can do. I like these colors. To be honest with you, I don't like the redness. I like maple, toffee, and coffee. This has a little red hue to it. This is what my house looked like when I first bought it. It was original when I bought it and then I put something in like this with the same Baltic brown. Countertops and mind you I like counter granite versus the plastic that they put in the quartz. They call it quartz, even though quartz is a rock. It's really plastic. I don't care what kind of, whatever it's called. I have plastic on my counter right now. Not a big fan. It's lighter versus this dark. This looks very dark and dreary. So when you say it's remodeled, you can't really say this is remodeled because it's done in the 2000s. Nothing wrong with it. It's just dark. What I would have done is painted the hell out of that cabinet, and made it light, bright, and airy. Indoor laundry. That's great. I think I'm going to do some research on laundry. How much does it cost to buy a laundromat or laundry dryer, washer, and dryer? Cause I swear you have to buy a new one every five years or so. And there's maintenance on it. And there are obviously usage costs, gas, water, and electricity. But my dryer comes up, call breaks out and I know it's a thermal couple because my mongoloid children decide that they don't want to clean out the lint and then I have to get the service guy out because I'm not going to do it because, ego. So it's 200 bucks. So you buy this five, six, 700 laundry washing machine. You can buy 2, 000 washing machines, right? They're crazy expensive these days. So convenience over utility. Yeah. I saw that's somebody's fingers right there in a picture of 2 million house fingers in front of a camera for photographs of a 2 million house. You're telling me you're cheap. The agent's cheap. The seller's cheap shame on you. $2 million. You can't afford to get a professional shame on you. Last week I showed you these numbers were way up there. I told you that it evens out towards the end of the month, that's what it does every month. It just typically does that. But what I do wanna point out is that numbers are going up, have. A thousand active homes are for sale, but a lot of those are coming soon. So this whole coming soon thing, I think it's bullshit, but that's just me. I don't think it serves the seller. I think it serves the agent, the listing agent because what they can do is double-end it. I don't think it serves anybody because you really don't know what the market says. What the market will give you. I think it makes the realtor's case weak to be exclusive. I think it's going to hurt the realtor brand overall in a long time. So we just got us numbers three and a half months. We don't have many everything else is looking pretty normal. San Benito is 4. 9 months, but that's going to come down. That'll probably be about 3. 3, 3. 1 next, at the end of the month, after we equal everything out. And that's the same thing here. This is why our prices continue to go up everywhere. Unless you're in a desperate situation and that's really the buyer's agent's job is to find the desperate house, not the house you want to fall in love with and overpay for buyers. It's the buyer's agent's job to find the deal for you. That's what you hire them for and negotiate the deal to make sure that all the different terms meet your needs and expectations and still get the house. So when you have a market where houses are only on the market for seven days and you have 15 offers on it and people are paying cash and way over the market, it's foolish. My thoughts, but I know how to take advantage of it from the seller's side and work with buyers. I have a different process and it's a longer-term process just what it is. Same thing with this here. We're still like month supply. Right now, Santa Clara is one month away. Sunnyvale is one month. San Jose is 1. 6. Los Altos is 1. 6. So that's simply because the market is delivering a very low supply of houses, of inventory, based on the demand compared to the demand that's out there. We always have people who want to buy houses no matter what, whether they're first-time buyers, move-up buyers, empty nesters, or relocation, or I need a bigger house. Those people will always be there. We have investors coming in. We have Airbnb coming in. We have all these other people that are putting downward pressure on supply, keeping it low. And that's why upward pressure on price and competition is there. Santa Clara County, Silicon Valley, no other County out. All the other counties in the Bay area exactly like that, except for maybe Napa, where you see Napa is ranging at about 6 percent or six months right now. Nap is a place to be. It's a beautiful wine country. Lots of stuff to do there. All right. So today we talked about pets and showing houses Oh, yeah, and if you have a pet don't bring a pet into an open house. That's just rude Just don't you know, if your pet goes to the bathroom, you're responsible. It makes a huge mess It just will mess things up. Don't bring it up to your pet. If it's an aid dog, that's another thing, but you better be truthful about that. Talked about monthly supply. We talked about current mortgage rates and what you get for 2 million in supply is crazily low all over the place. Closing Thoughts and Weekend Wishes I'm Vito with Abitano. Hope you have a great weekend. 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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