Your Garage Could Get Your Home Sold | homebuyer remorse declines


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Your Garage Could Get Your Home Sold
Homebuyer remorse declines
Santa Clara County Highs and Lows
PROBATE AND ESTATE SALES
Los Gatos Home of the Week
Santa Clara County Price Reductions
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Introduction to Home Buyer Remorse
Hi. I just wanted to discuss with you further what's happening in the home buyer remorse category. Let's get into this real quick.  Share. There we go.

Current Market Trends and Buyer Regrets

Reports of home buyer remorse and a decline in slower sales environment. So it says just over one third of home buyers in 2025 said they did not regret their purchase up from 31% according to the realtor's latest, and this goes back to 2020. 2021 When we had the firestorm and it was crazy and everybody was buying and buying whatever they could because they were freaking out, they needed to buy a house at two and a half percent.

Nowadays, there's still remorse. You bought this house. It's not the perfect house or their forever house, and they just regretted it. Now it's only one third, 33%. But here's the other thing, 66% of home buyers regret their purchase. 

Seller Attitudes and Market Imbalance

I wonder why, because  sellers still have an attitude.

They feel like they can call the shots, they can do whatever they want. They want this price, they want these concessions, they want as Is. no. contingencies and sellers still get a lot of what they want, and that means buyers have to lose out. There's no win-win. There's no. Meeting of the minds, I always want it to be more of a balanced market, more of a buyer's market, because that way buyers get what they want.

Sellers have for the last seemingly three decades, gotten everything that they wanted so much so that.

They tend not to take care of their house. 

Home Maintenance and Buyer Expectations

Down here it says the most common post purchase complaint was more upfront home maintenance needs than expected. Followed by anticipated spending on typical household items.

Like, oh, I need a new couch. Oh, I need another bed. Oh, I need this. But those are not, those are more wants to fit your house because even if you move from an apartment or a condo or another house into another house, your couch might not fit perfectly where you expected it to, 

Tips for Sellers: Preparing Your Home

It's hard for us to have that spatial acuity anyway, the number one thing that you should remember is take care of your house, get those little nitpicky things fixed up.

I tell you to download the home inspection checklist. Get that stuff fixed before you put it on market and you're gonna make a happy buyer. And ultimately, I know some people don't care.  

Personal Anecdotes and Seller Challenges

I, had a seller this year who knew his house was a piece of crap and he arrogantly thought that his house was worth X and it wasn't.

And he never got an offer. Because he wouldn't take care of the house guys. Look. If you buy something and you feel like you got the shaft, that's sad, right? It's a sad thing.  It's, the golden rule. And if a seller feels like they're gonna take one over on a buyer because of that, whether it's price, concessions, contingencies, or just that general makeup of your house and how you took care of it over the last 5, 10, 20 years, that's something that you have to deal with yourself, right?

A lot of people don't care. And a third of people say that they don't have buyer's remorse, but the other 66% feel like they got screwed over in one way or another.  

Exploring the New Website and Neighborhood Reports
Yeah, I have this, I've been working on this website and I have Willow Glen up now.
It's up and running. So go to alano group.com and you can check a look at this. I'm building it out. So we have neighborhood reports for each area, for Willow, Glen, Almaden, blossom Valley, Cupertino, and it's gonna take some while.

But also we have the probate estate sales, that's going strong right now and it's a very important thing for our generation to talk about that with our parents and make sure that we have,  that conversation with our parents to know where they're going to go, where they're going to be comfortable and safe, right?

And maybe taking care of your house, your house that you grew up in Let's help you move that on. 

Garage Improvements and Their Impact
Could your garage get your home sold? It possibly could. Replacing her garage door, my garage door. Cannot be replaced. It has to be the thing, the old style wood, very heavy, clunky thing because I have a post in the middle of where it would go if I had a roll up.

Cleanliness, keeping the leaves out, the dirt out, and the farming's out.

That's important. But also if you want to go custom, you can absolutely go custom. Like this thing right here where you have your tool bench with all the tools underneath and have it all lit up and lowered ceiling with lights. You can do that. It's not necessary, but you know, it'll look nice.

Adding a garage. Well, if you don't have room for that, you can add a third garage on if you have the room. My house actually has a big side yard and that side yard could hold another garage if I wanted to put it in there. Don't do a garage conversion. If they don't sell well, there's no aftermarket value to it.

Highs and Lows of Recent Home Sales
We're gonna get into high lows in a minute. This is it right here. Highest and lows the most expensive. Home. Sold today or this week in Santa Clara County is $8 million on Normandy lien, not my listing. Eight days to sell, seven bedroom, five and a half bath, 6,000 square foot built in 1968, and this thing looks like it's been completely redone.

So yeah, this is a beautiful house and it's sold at value pretty much. It's like 1.0, a hundred percent, a hundred 0.8. So yeah, it's nice. It's a pretty house and nice garage. Nice backyard. There you go. And then Tuesday, well, let's see if there's one more. We can look at.

The lowest sold home. Holy crap, I can't believe they actually sold that for $780,000. Look at this thing. This should have been value of the land right here. Dwayne Ave is the highest list price of sales price ratio, which is 130, 140%, 144.3%, and there's nothing much to it.

But they were smart. They took it and it's a standard lot. 1,103 bedroom, one and a half bath. Built in 1952, and I guess it's the value in the land. There's a lot of potential. See, but it just goes to show if you overprice the house, it's gonna sit on market for a really long time. If you underprice it, it doesn't matter. If you go a million dollars for a $1.5 million house, the buyers will bid it up.

And the only reason why a house doesn't sell is seller ego. I have two listings sitting on the market. 'cause they're both overpriced right now. And it's not me. I don't control the market. I'm not a market maker. There's no real estate agent that is. But if you want your house sold quick in seven days, underprice it and get it sold, stop messing around.

And then I think this is. The lowest list price to sales price. The original list price was $2.1 million. 32 days. Then they dropped it down to 1.6 and it sat for a couple more days, and then it sold for 1.3. This is a standard three bedroom, two and a half bath, 2000 square foot built in 1927.

There's nothing fancy about it, but seller ego drove the seller to say, my house is worth $2 million. No, it's not. If nobody's buying it, if you're not getting any traffic and your agent does everything they do to market their house as they do with every other house that we do, right? I have a process, and the process is what it is.

It's not perfect, but it is what it is. You only outlier is price. And if you price it too high. It's gonna sit on market and the I get it. There's a lot of fear behind it, right? But this is a standard house. It's a high end neighborhood, but you have to keep up with the updates.

You have to update it and make it pretty and make it. Sellable. And if your location says it's worth this, but the condition of the house says it's not, your buyers will not come until you'd lower the price. And if you were smart, you could have had it listed at 1.6 in the beginning and you probably would've gotten 1.7, 1.8 for it.
But greed. Outs shines a lot of Times. there you go. And this is Los Gatos House of the Week. Ban, banter Drive, not my listing. It's a four bedroom, two bath F 1,478 square feet built in 1957. And the reason why I chose it is it's just, just a regular house for two and a half million dollars. It's odd, days on market, 162 days again.

This is Los Gatos. It's in the fire area, right? And you might get a let's, how much land is it? It's it 4, 3, 5, 6. Oh, it's just a tad bit under an acre, right? So you have a little bit of land, but sloping, so that really doesn't help. The house is old. And what your. Selling right now is the land.

'cause this house is not a Los Gatos style house, especially if it's listed at two and a half million dollars, right? This house is worth the land. And if it was listed at 1.5, it would sell because somebody would come in, tear this thing down and put a big mansion on it and be done. Okay. 

Market Inventory and Seasonal Trends
we have 827 homes for sale in all of Santa Clara County. In the summer, we got close to 2000. This is a good spot for us to understand that this is not the selling season, March, April, may, we're coming up on it.
So if you're thinking about selling, get your house ready to sell now, start working on it now because handyman and plumbers and painters are all going to get busy in March, April, may. Houses are still selling. We had 151 closes this last week. And conversely, our price reductions, although they're going down, are still pretty high.

Still 28% of the current inventory. So think about that. I know that it looks like we're going down here, That was the highest in June was 363 and now we're 2 38 and our inventory is dropping, so that difference shows that prices are reducing or contracting right now.  

Conclusion and Final Thoughts

That's it for now.

Thanks for watching. We'll see you out there.

 





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Vito Scarnecchia
Real Estate Broker, Veteran, Dad
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408-705-6817
Vitos@abitano.com 
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