Tips for Selling a Fixer-Upper
- Tips for Selling a Fixer-Upper
- Los Gatos Home of the Week
- Price Reductions
- FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
- Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
- Santa Clara County High's and Low's
Introduction and Overview
Morning tips for selling a fixer-upper and Los Gatos House of the Week list let's get moving I run into a lot of houses that are fixer-uppers and they need to be completed teardowns. A lot of them are just, typical homes that people live in and that these start projects and don't complete them or they need a little bit of love or there's maybe a leak somewhere life happens, right? Sometimes life gets in the way and prevents you from getting your house Fixed and repaired.
And I always try to talk to you about my home inspection checklist. That's why it's important to know what people are looking for when they go to buy a house. It helps you match that. And that's what this article is about. The link is down below and in my blog.
So please do take a look at this. I look at Realty Times all the time and this is written by Ashley Sutphin. Be realistic about the situation.
Making Cost-Effective Improvements
Do I ever tell people you absolutely should remodel your kitchen? Put 150, 000 into your kitchen. I always say make it look good. Put a little lipstick on the pig or frosting on the cake and make it look nice, right?
If it's old and dated, paint the cabinets, get rid of the old countertops, and put appliances in there. And yes, that's going to be a pretty hefty price tag, but it's far better than spending 150, 000 and only getting 90, 000 out of it. That way when somebody comes in, they go, Oh, look, it looks nice and fresh.
I'm going to have to remodel the kitchen someday, That's like the 1970s. So yeah, put some money into it. If you have cracks around the windows or your doors, you have broken windows, or you have appliances that don't work. Absolutely.
Pricing and Market Considerations
Because somebody's going to tell you that I am willing to buy your house, but not at the price you're asking. I'm willing to pay for this because I've looked at 15 other houses. And I know your house is worth this. So I might not make an offer on it because I think it's overpriced. And if I see it sitting there for 40, 60, 90 days, then I'm going to see you lower your price.
And then I'll take advantage of that because then you become a desperate seller. So pricing conditions and location and market conditions are always important to understand what buyers want. That's why you use an agent. Agents understand the process. They understand how to talk to buyers and what buyers are looking for.
When they do open houses, they're interviewing people and talking to them about what they like and what they don't like, what they're looking for. They get a consensus of what people are looking for. Not every buyer is the same.
Types of Buyers and Their Preferences
Make small impactful changes, right? And that's what this inspection checklist does.
It goes through everything in the house and allows you to walk through it with a buyer's eyes and understand that you don't have to make a house perfect no house is ever going to be perfect. No house is level. No floor level and no walls are ever perfectly square or plum. There's going to be stuff that works and that doesn't work.
And that's just a part of life, right? Even when you buy a brand new house, you'll see things that are broken and that's why they give you that one-year warranty so that they come in and fix whatever issue that you might have. You can take out a renovation loan, but I always say, make the budget 25 to 30, 000, which is a lot of money.
But in Santa Clara County, it can fix up quite a bit of stuff. And what you don't use, you just don't take out. So you're good. So I would say, take out a home equity line, and renovation loans. Right now. I don't see a need for it here in different markets. It might be completely different, I have a competition coming in when I'm sitting down with listing appointments,, and oh, that you need to remodel your kitchen and redo your bathroom and pool.
Next thing you know, you're spending 150, 000 and you just don't need to do that. You should make the house look nice and decent. If the cabinets are worn or broken, get them fixed, right? Different little things. So there you go. Enough of that. Okay. I already told you about the home inspection checklist.
Las Gatos House of the Week
Las Gatos house of the week. Not my listing two-and-a-half million, three-bedroom, two-and-a-half bath, 1900 square feet built in 2023. And this is a pretty awesome house. It's been on the market for 30 days and it started at two and a half and now it's down 250, 000. And you can see right here, it's Close to University and Santa Cruz, which is the main street of Los Gatos, but it's on the freeway side.
Exploring a Beautiful House Near the Freeway
So you might get a little bit Of freeway noise. This house is beautiful I like the fact that the agent put in a floor plan, which we'll see at the end, but everything about this house is done up nice and beautiful.
These are Nice Anderson windows. These are like 15, 16, 000 windows. But when you're selling a two-and-a-half-million dollar house in Las Galas, it's expected. If you're selling a house here in Blossom Valley, you probably wouldn't want to spend that kind of money on windows or doors this is all brand spanking new. It looks like they took a house, built it down to its door to the foundation, and called it the day.
Evaluating the House's Features and Drawbacks
Here's the problem with this house that you can see right away. No garage. I don't see a garage. A small little piece of land next to the freeway and it's all brand new so they did spend a lot of money on it.
Here's your floor plan. So it's actually quite nice. It's a nice little house, but for two and a half million dollars, you can spend your money elsewhere. Probably not here. There's an older.
Thousand square foot house. Further away from the freeway.
Tips for Selling a Fixer-Upper
Understanding Fixer-Uppers
And I always try to talk to you about my home inspection checklist. That's why it's important to know what people are looking for when they go to buy a house. It helps you match that. And that's what this article is about. The link is down below and in my blog.
So please do take a look at this. I look at Realty Times all the time and this is written by Ashley Sutphin. Be realistic about the situation.
Making Cost-Effective Improvements
Do I ever tell people you absolutely should remodel your kitchen? Put 150, 000 into your kitchen. I always say make it look good. Put a little lipstick on the pig or frosting on the cake and make it look nice, right?
If it's old and dated, paint the cabinets, get rid of the old countertops, and put appliances in there. And yes, that's going to be a pretty hefty price tag, but it's far better than spending 150, 000 and only getting 90, 000 out of it. That way when somebody comes in, they go, Oh, look, it looks nice and fresh.
I'm going to have to remodel the kitchen someday, That's like the 1970s. So yeah, put some money into it. If you have cracks around the windows or your doors, you have broken windows, or you have appliances that don't work. Absolutely.
Pricing and Market Considerations
Because somebody's going to tell you that I am willing to buy your house, but not at the price you're asking. I'm willing to pay for this because I've looked at 15 other houses. And I know your house is worth this. So I might not make an offer on it because I think it's overpriced. And if I see it sitting there for 40, 60, 90 days, then I'm going to see you lower your price.
And then I'll take advantage of that because then you become a desperate seller. So pricing conditions and location and market conditions are always important to understand what buyers want. That's why you use an agent. Agents understand the process. They understand how to talk to buyers and what buyers are looking for.
When they do open houses, they're interviewing people and talking to them about what they like and what they don't like, what they're looking for. They get a consensus of what people are looking for. Not every buyer is the same.
Types of Buyers and Their Preferences
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
So you have to remember that one buyer might be like, Hey, I want completely. Turnkey house, I'm willing to pay a premium for it, or I might be budget limited, and willing to do a little bit of sweat equity to buy a house, but I'm not willing to pay a premium for a house that needs to be fixed up. So there are a few different types of buyers A lot of the people here in Silicon Valley typically want a turnkey house. So when you look at a house that has a lot of work that needs to be done, you might turn it off, especially if they're priced equivalent to turnkey houses I walked through what you should do what you can do, and what you can't do. What you could consider, but typically what I do is go through the entire house, say, you need to fix that floor. You need to fix that crack. I want this room repainted, get rid of this carpet because it smells funny, all sorts of stuff. So that's why you walk through it and discuss that as you go through with your agent. Home Inspection ChecklistHome Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
Make small impactful changes, right? And that's what this inspection checklist does.
It goes through everything in the house and allows you to walk through it with a buyer's eyes and understand that you don't have to make a house perfect no house is ever going to be perfect. No house is level. No floor level and no walls are ever perfectly square or plum. There's going to be stuff that works and that doesn't work.
And that's just a part of life, right? Even when you buy a brand new house, you'll see things that are broken and that's why they give you that one-year warranty so that they come in and fix whatever issue that you might have. You can take out a renovation loan, but I always say, make the budget 25 to 30, 000, which is a lot of money.
But in Santa Clara County, it can fix up quite a bit of stuff. And what you don't use, you just don't take out. So you're good. So I would say, take out a home equity line, and renovation loans. Right now. I don't see a need for it here in different markets. It might be completely different, I have a competition coming in when I'm sitting down with listing appointments,, and oh, that you need to remodel your kitchen and redo your bathroom and pool.
Next thing you know, you're spending 150, 000 and you just don't need to do that. You should make the house look nice and decent. If the cabinets are worn or broken, get them fixed, right? Different little things. So there you go. Enough of that. Okay. I already told you about the home inspection checklist.
Los Gatos Home of the Week
Las Gatos House of the Week
Las Gatos house of the week. Not my listing two-and-a-half million, three-bedroom, two-and-a-half bath, 1900 square feet built in 2023. And this is a pretty awesome house. It's been on the market for 30 days and it started at two and a half and now it's down 250, 000. And you can see right here, it's Close to University and Santa Cruz, which is the main street of Los Gatos, but it's on the freeway side.
Exploring a Beautiful House Near the Freeway
So you might get a little bit Of freeway noise. This house is beautiful I like the fact that the agent put in a floor plan, which we'll see at the end, but everything about this house is done up nice and beautiful.
These are Nice Anderson windows. These are like 15, 16, 000 windows. But when you're selling a two-and-a-half-million dollar house in Las Galas, it's expected. If you're selling a house here in Blossom Valley, you probably wouldn't want to spend that kind of money on windows or doors this is all brand spanking new. It looks like they took a house, built it down to its door to the foundation, and called it the day.
Evaluating the House's Features and Drawbacks
Here's the problem with this house that you can see right away. No garage. I don't see a garage. A small little piece of land next to the freeway and it's all brand new so they did spend a lot of money on it.
Here's your floor plan. So it's actually quite nice. It's a nice little house, but for two and a half million dollars, you can spend your money elsewhere. Probably not here. There's an older.
Thousand square foot house. Further away from the freeway.
Price Reductions
Comparing Property Prices and Conditions This is a two bedroom, three bath. Built in 1948, but it looks like it could be remodeled. So there's a lot of choices out there. Do you want to spend millions of dollars or hundreds of thousands of dollars and fix up a house to overprice it? You have to be careful with that. It depends on where you are. We have 260, 226 list price decreases.Analyzing a Local Listing
I picked this one cause it's in my area. It's on Shawnee right here. If you see the map. It's a nice-looking house. It's a three-bedroom, two-bath, 1, 200 square feet, built in 1966.
Basic size lot, virtually staged. I love that they disclosed that. Here's a problem that I see right here, is they were cheap, and They didn't put lawn where the lawn should be. They just put chip wood. That's a huge Alarm saying that this is a flipped house and you can even tell in the backyard is completely disregarded They could have spent a couple thousand dollars to put sawed in there and they're trying to get a premium price for it This house should be listed at one point 1.
5 to 1. 2 to get sold. So this one's probably going to yep Originally started at 1. 5 been on the market for 86 days, and it looks like it's a new listing, so maybe it's a new agent, or a new agent took it over. Yep, they stopped, they started at 1.5 and now they're down to almost less than 1.4.
Really should have started at 1.2 to 1.25. I would've said 1.2 and bid it up and see what the market would've gotten They're trying to be market makers without a lawn. So you miss one little thing and it's going to turn buyers off.
They didn't bother staging it. That's the difference between how a house that you stage and you don't stage. You can do virtual staging for people online, but when you walk in, then it's very echoey and it becomes like, I don't know what I'm going to do with this.
Weekly Highs and Lows in Real Estate
And we'll just, this is weekly highs and lows.
Here are the numbers.
Top and Bottom Listings in the Area
So our top one is 9.8 million. The bottom is 540,000. The high and low still active have been the same for the last month. This is Morgan Hill, This is a 55-gated community, right off 1 0 1.
This is a nice little area. You get a single-family house, but it's pretty small. One bedroom, one bath. It's good for one or two people who don't want a lot of maintenance. There is an HOA, 230 a month. The highest sold price was in Montessori.
Congratulations, Montessori. It sold for, 9. 8 million, six bedrooms, five and a half baths. And it has a little ADU, really small, and one and a quarter acres. This is the most expensive house in Santa Clara County right now.
And the least expensive is still Loma Chiquita Road in Los Gatos. There you go. All right.
Conclusion and Final Thoughts
I'm Vito with Apetano. Thanks for watching.
I picked this one cause it's in my area. It's on Shawnee right here. If you see the map. It's a nice-looking house. It's a three-bedroom, two-bath, 1, 200 square feet, built in 1966.
Basic size lot, virtually staged. I love that they disclosed that. Here's a problem that I see right here, is they were cheap, and They didn't put lawn where the lawn should be. They just put chip wood. That's a huge Alarm saying that this is a flipped house and you can even tell in the backyard is completely disregarded They could have spent a couple thousand dollars to put sawed in there and they're trying to get a premium price for it This house should be listed at one point 1.
5 to 1. 2 to get sold. So this one's probably going to yep Originally started at 1. 5 been on the market for 86 days, and it looks like it's a new listing, so maybe it's a new agent, or a new agent took it over. Yep, they stopped, they started at 1.5 and now they're down to almost less than 1.4.
Really should have started at 1.2 to 1.25. I would've said 1.2 and bid it up and see what the market would've gotten They're trying to be market makers without a lawn. So you miss one little thing and it's going to turn buyers off.
They didn't bother staging it. That's the difference between how a house that you stage and you don't stage. You can do virtual staging for people online, but when you walk in, then it's very echoey and it becomes like, I don't know what I'm going to do with this.
Weekly Highs and Lows in Real Estate
Santa Clara County High's and Low's
And we'll just, this is weekly highs and lows.
Here are the numbers.
Top and Bottom Listings in the Area
So our top one is 9.8 million. The bottom is 540,000. The high and low still active have been the same for the last month. This is Morgan Hill, This is a 55-gated community, right off 1 0 1.
This is a nice little area. You get a single-family house, but it's pretty small. One bedroom, one bath. It's good for one or two people who don't want a lot of maintenance. There is an HOA, 230 a month. The highest sold price was in Montessori.
Congratulations, Montessori. It sold for, 9. 8 million, six bedrooms, five and a half baths. And it has a little ADU, really small, and one and a quarter acres. This is the most expensive house in Santa Clara County right now.
And the least expensive is still Loma Chiquita Road in Los Gatos. There you go. All right.
Conclusion and Final Thoughts
I'm Vito with Apetano. Thanks for watching. Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 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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