Should I Take an OFF MARKET Offer before I list my house?

 



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Introduction to Typhoon Coast by Mark Clifford If you're looking for a great book to read this weekend, Typhoon Coast by Mark Clifford. It's a great read. It's a local author. He's based out of San Francisco and I served with this guy. he was a staff sergeant when I was a lowly old Lance Corporal. And he, back then was a God. And when we went to Okinawa for the desert storm, he went down to the Philippines to help with Mount Pinatubo. Took people and rendered aid for them and all that stuff, but he's a great guy. He's a retired police officer And he wrote this book if you want to read it Typhoon Coast you can get it on Amazon he's local so you can get it autographed. Understanding Proposition 19

Prop 19- How long can you wait to use it?

How long can I take to use Proposition 19 after I sell my house? Let's get into that really quick. That's why we're going to use that as stay tuned. Cause this is a funny video, here is your little final thought for the weekend proposition 19 took over Propositions 60 and 90 a few years ago. And the whole idea was to allow you to transfer your tax base up your 55 and other reasons. Over to another property. So if you bought a house for 50, 000 and now it's worth 2 million, you can transfer that tax base all the way over to your new property, which could be like 600 6, 000 a year, instead of 2 million, be about 24, 000 a year. Yeah. It's crazy. So your proposition 19 is good. It's not as great as proposition 60, but, if you sell your property and it takes you a while To find that next property How long do you have to use it? It's two years. You get two years to transfer a tax. So let's say you sell your house and move to Idaho or Texas or Chicago You can use Proposition 19 to bring that tax basis back to the new property you're buying. Now the negative is if you leave for two years and you come back and it goes up 8 percent per year while you're buying back into the Bay Area pricing. So that kind of sucks, but at least this is a nice cushion. If you want to read more about it, or if you want to call me and ask questions about it, I can help you. The bottom line is you're better off calling your assessor and asking your specific questions. Call your local assessor. Proposition 19 allows you to transfer your tax base to any county in California. There you go. All right. Home Inspection Checklist Tips

Home Inspection CHECKLIST HERE

If you're thinking about selling your house, download this home inspection checklist. This allows you to look at what condition your house is in before the inspector comes, to get those things repaired. So you have a clean, inspection and always disclose what you do repair. Current Real Estate Market Rates

Mortgage Rates this week

Rates are back up painfully Jumbo is 6. 74. A VA is above 6%. These are teaser rates, right? So do your homework, talk to a broker. If you need a broker, let me know. I'm happy to send you my contacts. What else? Exploring a $2 Million Property in Almaden What you get for 2, 000, 000.

What you get for $2MM Santa Clara County

This is an Almaden and it's right off of Paseos Los Cerritos, which is a filter street. It's not a busy street. It's a nice split level. It's a four-bedroom, two-and-a-half bath, 2, 000 square feet built in 1972 on an almost 9, 000 square foot lot. That means it's a pretty big lot. I was looking at buying a house like this before I bought this one in Almaden, except the neighbors across the street were pretty loud and rowdy. So I decided against it. I wish I did. However, the fates were in it that house actually burnt down a couple of years after we bought this house. So glad that didn't happen. This house is beautiful. It's completely turnkey. I sold a house near Cupertino earlier this year and it's a really pretty house it's nicely set up except for the bathrooms but look at that nice Backyard, got has a nice little pool. If you're interested in learning more, please give me a call. Exploring a Million-Dollar Home in Morgan Hill

What you get for $1MM in SILICON VALLEY

What you get for a million dollars in Santa Clara County, is in Morgan Hill on the east side of Morgan Hill up by Holiday Estates and or Jackson Oaks, as they call it as well. And yep, not my listing. This is done out three bedroom, two bath, 1, 650 square feet built in 1979. Let's take a look at the pictures. I don't really care for the splotchy stucco. Nice kitchen. It looks a little small but it's a smaller house. So there you go. And it's more ranch. So you're not going to get a huge kitchen anyway, everything is nicely updated except for that patchwork stucco. I get rid of that.


AIDA Attract, Interest, Desire, Action

Pros and Cons of the Property And here's a positive slash negative. Your backyard is A hill. So you have a retaining wall to deal with and it looks like they just recently fixed that. You have a nice backyard You have a detached garage and I don't know how this would work. I'd probably tear this whole hill out. So I have more backyard, but it looks like the property line is right there. So there's not much you can do about it. Understanding HOA and Property Layout Oh, this is a three-pack house. That's actually your house right here. And there are two other houses that you're dealing with. Let's see if this has an HOA. Yep. HOA. There you go.

FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist

Should You Accept an Off-Market Offer?

Should I Take an OFF MARKET Offer before I list my house?

So one thing I wanted to talk about as well is tempo. The title of this video is Should I take an off-market? Offer before I list my house on the MLS. And my answer is it depends on what you need. I don't recommend it because when you get your house on the market, it's all about tempo. You expose your house to the entire market and you within the first seven days that you get. The huge bump in your value, right? The first seven to 14 days is where you get your biggest right? And that's where the majority of homes are sold. Now we do sell off the market, but you don't get as big of a bump on there. Mostly because you're not exposing it to the market. You don't know what the true value of your house is, Now, what are some of the cases where you could or would want to use it? I don't want people coming into my house. I want to sell it discreetly. I don't want people on my block to know I'm selling. I don't want people coming in from my neighborhood, and looking at my house. Those are all very private type things, Financial Implications of Off-Market Sales

Inventory And Supply Charts

Walking away from 200 grand, right? Yeah, 15 percent which is about 200 grand difference at 1. 4. Now what happens if your house is worth 2. 5 million? That's 375, 000 you're walking away from, right? Now I'm not suggesting what you should do, just telling you, these are the facts for this market now, and these are for January 1st to July 30th this year. I have not updated it, but just be careful that you know that. A Personal Story and Final Thoughts And I want to leave you with this video because I thought it was charming. One of my Marines that I know from the service, when I was in, I was a staff sergeant. He was the last corporal I got out and he retired as a gunnery sergeant he just sent me this video. I want to share it with you because it's very telling on how not only the military works but how sometimes the government works. I adopted La Colina Park, which is right down the street from me. I'm there every day cleaning up, talking to people, reporting graffiti and homeless people, You try to get stuff done efficiently and the city just doesn't understand. It's just the way the government works. I'm Vito with Abitano. You have a great weekend. 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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