Top Markets for Real Estate Investors

 




Introduction and Real Estate Market Overview


All right, here we go. Let's polish this. Realtor. Com and Vils top markets for real estate investors, IE places to stay away from because they're now overpriced, or at least we'll be in the next month or so. Oh, Hey, guess what? Nvidia just crashed. Everybody else just bought it. So now it's going back up. You can read all this in my blog. The blog will be available afternoon and you can go through this and tell me that I'm full of crap. 


Investment Opportunities and Market Trends

Top Markets for Real Estate Investors

Fresno is always a great place to invest. That balance of rent versus The monthly mortgage and insurance and all that.


It makes sense that you buy there versus somewhere else. Because if you buy on the coast, it's just not affordable. You have to take a loss or throw money into the mortgage every month to make it float. It just works that way. Knoxville, Tennessee is a great place too. Invest. I have parents that live there and I can tell you that it is not an exciting town.


It just isn't. I don't know what to tell you. These places are great for cash flow, but would you want to live there? No. If it was like Las Vegas L. A. Austin, Monterey, or Santa Cruz. Yeah. Like Cleveland, Ohio, Rochester, New York. So what they're saying is these places are struggling for pricing so you can get a better buy, 


We're actually going to go through that today. R E W T F of the week. Look at this one. I just saw this. Who in their right mind would ever do something like that? A landlord that just doesn't know better? I don't know. 


Garage Cleaning Tips and Home Selling Advice

Three tips for cleaning out your garage. Storage. Organize. Sell. Donate. If you're spring cleaning, it's the same thing. And for heaven's sake, don't just throw it in the garage if you have a box. All it does is collect dust. Leave it for your cat because they love boxes. Storage space. Nobody puts their car in the garage anymore. Cause it's storage. I have lived here for 21 years and I can tell you that. I don't think I've ever parked my car in the garage. It's just a junk hole. I have piles for selling.

Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist

I'm not going to sell any, I'm just going to throw it away or donate it or give it away to somebody. That said, if you're thinking about selling your house, Get that honey-do list going, drop down this home inspection checklist so you know what to look for, and what an inspector would look for, this in no way should ever replace a third-party unbiased professional inspection.


Walk through it, understand what we're looking for, and what buyers are looking for, and fix it up, the reason why you want to fix these things up is because buyers are looking for it. If they see a crack in the wall around the windows a dishwasher that doesn't work or a pool sweep that's not working, they're going to be turned off by it.


And they, today have choices. So get this home inspection checklist and drop it down. The link is right here in my, down below in all the copy descriptions. And then it's also on my blog, register to vote guys. I don't care what side of the aisle you are. I don't care if you're red. Blue, purple, I don't care.

Register to vote today.

Go out and vote. It's our duty and our right as American citizens. Register and make sure you vote.


REO Properties and Buying Challenges

REO of the Week

REO of the week. This one's awesome because you don't even know what it looks like on the inside. And here's the best part about it. Once you do buy it, you have to evict the former owners. You have to go through the process of doing it because banks aren't doing that anymore. You're basically getting a blank slate unknown. The only thing you get when you buy a bank-owned property is, that all liens are settled. You get title insurance. That's the difference between buying a bank-owned house and one in the county's footsteps that goes into foreclosure there. You could have liens that aren't announced and come back.


They can come back to you after six months and say, Hey, guess what? You owe me 300, 000. And that happens a lot.


Featured Properties and Market Analysis

Homes for sale near Apple

This is the Apple house of the week. This one's close to Apple. It's across Lawrence expressway, in Santa Clara city, and not Sunnyvale or Cupertino. So it's a little bit less expensive.


It's more affordable. 1500 square feet built in 1961. Let's take a quick look at this nicely updated. I like the fact that everything's white makes it bright and airy. But when you go to sell it, you want it bright and airy. You want it to look like it's open and clean and fresh and ready to sell. And yeah, you could put a little yellow or a little green into it. A little hint. Absolutely. Pomeroy. These are not my listings. Mountain View, home of the week.

Mountain View home of the week

And the reason why I chose this is because it's fairly close to Castro. Still within walking distance, but it's almost a catty-corner to El Camino. So you will see some traffic actually faces El Camino. So this one's going to take a while to sell. And I picked it because it is fugly. Holy cow. I know Spanish revival.


I get it. It's nice pictures. So you can stage with your own stuff, but here's the thing. See that right there? That's clutter. Get rid of it. Put it in your garage, fix that right there. And that tells you that somebody's just getting this thing on the market. They don't care.


There we go. That's pretty. That's really nice. They didn't even bother cleaning it. They have little spots on there. Look, don't put a house on the market. That's not ready to sell. This house is not ready to sell. This is an as-is sell-and-get-it.


But for what is the price? 3. 5 million. This one's going to sit for a bit. Let's see how long it's been on the market. 21 days and it's right there. So what's the advantage here? You don't get a huge advantage of this house, three and a half million dollars. You're on El Camino Real. I know that says, yeah, it says El Camino Real right there.


I'll pass. Thanks. I don't know who thinks that they're going to get it, but I guess we'll see. We'll see in the next couple of days. Again these articles, they'll put a lot of thought into it. I get it. 


Landscaping Tips and Market Report

Landscaping Tips That Will Wow Buyers

Landscaping that wows your buyers. Cut the grass. Plant more. Shade trees. Install.


Outdoor lighting. Consider adding flowers with more color and keep everything clean. Look, do you want your house to look like that, or do you want your house to look like that? Clean it up. Deck it out. Make it look pretty. There you go. And then there is the 40-day report.

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

Nothing's really changing the last three weeks. It's been 198. It's funny. You're like, Oh, you're full of crap. You're not doing your homework. Yeah. It's 198 still right there. Pulling that number 90 days on the market, 66, it's slowly creeping up. That's funny because you think rates go down, What's going on. We do have not a lot of bank-owned properties. The numbers are floating here for statewide inventory still sucks. And the volume of sales just isn't going anywhere. We should be at about 150. This should be about a thousand. We should have a thousand homes for sale in San Jose.

We should have about 2, 000 homes for sale in Santa Clara County. And right now, even the sale numbers aren't looking all that great. We were expecting coming into September, seeing these numbers jump up a bit, but nope. 



Conclusion and Call to Action


I think it's going to be pretty flat for the next couple of months, at least until March, we'll see what happens, there's a lot of other things going on in the world.


The missiles just hit Israel yesterday. We have the shipping container, and the port guys on strike. We have car automotive guys, not selling cars.


Anyway, go out there and vote on veto with Abitano. 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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