163% Over List price? Santa Clara County Highs and Lows of the week + How to Save on Kitchen Cabinets

 





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Introduction and Overview

163% over list price. Holy moly. We'll talk about that. But first, I wanna talk about
Where are we here? 

Saving on Kitchen Cabinets
How to save on kitchen cabinets. Okay, ask me because I'm the expert here. I've done my kitchen twice. When we first moved here, we put new cabinets in. They were all original, maple toffee craftsman-style cabinets with granite tops. I loved them. They were awesome. But we did 'em a little cheap.

We couldn't afford a lot back then. So we got the particleboard boxes and the maple craftsmen, cabinet doors, which were nice. They were beautiful. I still have them. I want to put them into my laundry room.

But anyway, years later, we got a dog. My dog row. And then she peed all over the floor, all over our carpets, destroyed our carpets, and we had new floors put in and had everything fixed up, fixed up the two-inch slats, original oak, and sanded that down. The guys pulled the dishwasher out. Put the floor in. Once they put the dishwasher back in, they put a pinch on the drain, and years later, it destroyed three of the boxes. We got a new kitchen out of that. Insurance didn't pay for it, so the,n because the particle board was destroyed, I was adamant about using plywood boxes.

Plywood frame boxes, which cost a little bit more, but when I compared it fromthemtandard boxes to custom boxes with custom doors. It was a very small difference, like a thousand thousand dollars. So we went with the custom, and today that's what we have. I wish we went with natural wood, but they're painted, they're white and.

Gra,y, not my favorite. And then we have a quartz talk now, which again, is not my favorite. I appreciate granite. I enjoy granite a little bit more. It's natural. It's heat resistant, it's crack resistant. Anyway, the point is, do your research, do what you want, and don't do it to sell your house. Don't. You're not gonna get your money out of it. You get 70 or 80% on the dollar when you put a new kitchen in. Unless you buy that house for 60 cents on the dollar, like a wholesaler, like an investor, or a flipper, you're not gonna get your money out of it.

So I do recommend if the cabinets are shabby, paint them, put nice, knobs and handles on, and then put a nice counter on top of it. That way, it looks newer, cleaner. It looks like you've taken care of it over the years. But if you're going to live in your house for the next 5, 7, 10, or  15 years, replace your kitchen.

It is a huge expense. You're talking anywhere from 40 to $150,000, so do your research. There are a lot of different options you can do. You can absolutely go low-end. You can go high-end. I went mid-range my second time around and did a lot of research. I went to multiple stores.

You went to IKEA. I checked that out, decided that wasn't my route. We finally wound up going with a contractor who builds cabinets. You got them custom, and it wasn't that much more expensive than the pre-made boxes. And the reason why I went again was because of the plywood. So check around, look around.

You can absolutely put in some cabinets, make it like 15, $20,000, but it's gonna look like it. Okay, so just do your research. Understand what you're looking at. You can get unfinished cabinets, but have a professional paint or paint them. There's actually cabinet paint that you can get at Home Depot and Lowe's.

I suggest you spray versus roll or brush.

You can also get oil-based stain or oil-based. Paint, which will last a lot longer. It'll harden a lot better. But you have to do some stuff in California that you're not really supposed to do.

And then also the open shelving concept. This doesn't really show open shelving. It's a new trend. It's been around for about 15 years. It's starting to gain. Traction, especially if you want to have a very open, inviting looking kitchen, you can put nice dishes and knick-knacks on there, but don't make it look junky.

That's the purpose of having a cabinet, so that you can pack stuff away. Yesterday, we talked about cleaning up your cabinets. If you're selling your drawers, cabinet, and pantry, make sure that gets cleaned up before you get your house on othe market. It's really important to do that because if you don't, people will look at it and go, Oh my God, they're not really ready to move yet.





Air Conditioning Tips
A couple of years ago, actually last year in May, I talked about getting air conditioning. Now this is the time guys, when it's hot, 120 degrees out there and your house is melting because it's so fricking hot inside. That's not the time to get air conditioning. Get your air conditioning if you have AC, check it, and get it checked out by a vendor.

And if you need a couple of people, gimme a call. I have a list of them. If you're thinking about putting air conditioning in, do a survey on how much homes sell for in your specific area. Do a separation of homes with air conditioning and without air conditioning, and you'll be surprised at how much the difference in pricing is.

And it has nothing to do with the air conditioning. It has everything to do with it; if you have air conditioning, you tend to take care of your home a little bit more. You put more money into it. Versus an older home where air conditioning was not standard, typically. Empty nesters or trustee sales, they're not going to do a lot to upgrade that house, and they're gonna just sell it as is, which means original kitchens, original bathrooms, green shaggy floors, paneling on the walls, single pane windows.


That house needs to be completely updated. But there's a huge difference between homes with air conditioning and homes without. So get your air conditioning done. And if you're thinking about selling in the next couple of years, download this home inspection checklist because it'll give you a list of things to look at for doing repairs, little tiny repairs to big repairs like air conditioning.





Los Gatos Home of the Week
Los Gatos Home of the week is this one right here. We're just gonna pick Wood Road, $3.5 million. It's not my listing. Five bedroom, three bath, 3,200 square feet, built in 1914. Let's take a look at it. And it is right here, right on the entryway to get to the freeway. So you're dealing with freeway noise, even though it's one acre or 1.12 acres.

Is the house worth it? Thank you for putting the floor plan down, especially upfront. That way people c, can actually visualize what that house looks like as they walk through it. Speaking of original, wow, that's a great looking stove.

But yeah, see that's original everything, right? And I'm pretty sure they painted those cabinets, if not recently. That was probably the original look and feel of it. But everything is original and dated, and yeah, that's what you get for three and a half million dollars. And this looks like it's A .DU

Again, Againty. Maybe this is an attic. Can't really tell. Oh wow. This place just keeps going and going. Yeah, this is a multi-unit. And a four-car Nice.

Wow. Three and a half million dollars. There you go. That's what you get for three and a half million dollars in Los Gatos. Price reduction, let's take a look at this one right here. Pure summon, still not sold. Four bedroom, two bath, 1200 square feet. And it is right by the fairgrounds. Let's take a quick look inside.

I've been looking at this house for a bit newer kitchen, so this looks like it's been a flip. Got a weird-looking bonus room, and a shed out there. I wonder if there's a floor plan. Oh, there, look. Let's take a look at the floor plan.

Screened porch. That's the entryway. Dining, living, kitchen, bedroom, one. Go through the hall, bedroom two, band bedroom three. Master or primary. It's a basic-looking house. I think it's nice looking. There's nothing wrong with it, but its list price has decreased.

The original list price was 1,000,099. It's been on the market for 46 days. There you go. 





Market Analysis and Insights
163% over list price. That's not this one right here. This is the highest-selling Santa Clara County and Palo Alto, not my listings. listingedroom, eight and two half ahs, 8,700 square feet on four-tenths of an acre.
Built in 2024. 34 days on market. Let's take a look inside this. This is a gorgeous house. If I had $12 million lying around, I'd probably buy it. This is impressive. And this is built to suit, right? So they built this on spec. Somebody bought the property, tore down the old house.

' It's almost a half acre. You get a lot of house for that, but it's still 11 and a half million dollars. I want to go to the next one. This is the lowest sold price in Santa Clara County. This is Tilton Ave. This is a large chunk of land.

Somebody's probably gonna buy it or probably bought it, and then it's a third of an acre. They're probably building a nice big home on it. The problem is that it's on two busy streets. That's hail, and that's a big parking lot. Fruit stands there. Highest list price to sales? Price ratio 163.5% over list price. The original list price was $2 million. It'll wind up at $3.25 million. This is a five-bedroom two-bath, 2,466 square foot, built in 1966. Guys, I can tell you there's nothing really special about it. Original everything. Why did they sell for so hmuch

Why did it go so crazy high? Today, I did my homework for you, and here is a comparable market analysis on this property. These are the ones that are actively for sale. What's going on? Why are these so low? And this one's sold for so much.

This one here, Eleanor Way, sold in 13 days, listed at 3.2. Sold at 3.22, 1% over list price. Silver Tip Way, the subject property we're talking about, was listed at $2 million, knowing that they would attract that kind of business, and got 3.25.

Sold in eight days. Same thing with this guy right here, silver tip way listwasat $2.5 million, sold for 3.3 million. It's only 33% over list price, but generally speaking, it came in at value. When I tell you that buyers know the value of the homes when they sell, thedove.

Intricate knowledge like this one's sold, and they said, Hey, I wanna sell this one as quickly as possible. Great. Let's list it. Doesn't matter what we listed it at, this will be our comp because itthe act same house and we'll get something close to it. $50,000 difference. And if you look at this one, I bet you have a little bit more updates in it.

So 1 63 over list price. 163% over or 63% over list price. It doesn't matter where you list the home buyers. Know the value of that house because you have to do a CMA, comparable market analysis on the value of the home. And eeverybody who'sa buyer and agent who's looking at that property. We'll look at all the other properties that have sold and make a split decision.

And when you're looking at this one. You see, it's 1.99 and 3.3. You know you have to get close to 3.3. There you go. All right. 

Conclusion and Sign-Off

That's it for now. Thanks for watching. I'm veto with Ano. We'll see you out there. 



🔴  5 Cities Near San Jose | Moving to San Jose https://youtu.be/sDkdDq42vo8?t=46  


🔴 The Five Biggest Turn-Offs For Homeowners https://youtube.com/shorts/lwknH5DCS5c 


Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

Update your home value: https://hmbt.co/bT7qRJ      

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!


🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg




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