Sell when you are ready is the new Selling Season

 



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Sell when you are ready is the new Selling Season

Introduction: When to Sell Your House

Sell when you're ready to sell. There is no more selling season. We'll talk about that and in the contract after over a hundred days, why you should have only one trustee on your trust. Las Gadas is the home of the week, with price reductions, highs, and lows. Let's get moving. Yesterday I had, no internet, so I didn't do this.

So I'm going to give you two for today. We'll go through highs and lows and look at the 12-county sales report as well. But first look at what's going on, right? We're talking about minutia. Should I sell during the selling season?

Yeah. If you're ready to move right now, you have the opportunity to move right now. Why not do it now? You found the right house, the house of your dreams, or the perfect house, or the house that could be your project house, don't wait because you never know what's going to happen.



Market Predictions and Timing

We project that the market's going to continue to go up, but we don't know. It could be a massive recession next year. Could be a massive e global economic collapse. We don't know. And it doesn't really matter when you sell when it's right for you to sell and move and buy another house right now.

I have two in the contract. One more getting into contract and three more coming down the pike. And those people want to wait until March, April, or May. I don't know why, but that's just, timing-wise, that's what they want to do. It doesn't matter because what you're talking about is minutia.

Are you going to see a 25 percent hike in pricing? That means a 25 percent hike. Selling costs, meaning you're paying 25 percent more on the house that you're going to buy and 25 percent more property tax that you're going to have to settle into. Unless you have Proposition 19.

This is Ryan Lundquist. He's an appraiser. He's also my data stats, muse. I love listening to him and watching him come up with all these great charts. All the charts I ever send you have everything to do with Ryan because he sends me.

And he sends us in this group, all these different things. I could take his data from Sacramento County. And put Santa Clara County into it, and I come up with this. I haven't actually done that because yesterday I had no internet. The point is I've been selling houses all year long and every time houses get more expensive and more expensive.

Do you have to get that bottom bottom-liner? It's up to you. I don't really care. When ready to sell, that's the new mantra we're going with, because it's true.





Case Study: Overcoming Selling Challenges

I just got into a contract finally, with a house that's been on the market for over a hundred days.

It's not that I didn't have a lack of desire for people wanting to go. I got calls every day, on it. We just had two trustees fighting over it. We wound up going way over Liz's price because I'm a negotiation pit bull. And that's my job to get more money for you. At the end of the time, I had six, or seven offers. I had more offers on the table, but they just faded away because over time buyers will go away. But finally, the sellers came together and decided, yes, stop goofing around.

Let's get this thing sold. I went back to the drawing board, went back to all the agents, and, bumped it up to crazy price. That's why I'm saying there's no selling season when there's a pool of buyers ready and willing to buy your house. It shouldn't matter when you sell your house because it really matters which house you're going to buy, and where you're going to move.

That's the most important thing because your house will sell. And if you need to get every dime squeezed out of that house I understand, but it's a fragile balance of getting the most you can. Breaking as many buyers as you can and making a deal come together with the final buyer that paid the most and is willing to close quickly it doesn't matter when you sell anymore. I could sell this house in two days if I wanted to, and I'd probably max out. We're in December, right? It's supposed to be the slowest time of the year. It doesn't matter. You look at these numbers and it doesn't matter.

Numbers are still creeping up. Last yLastprices came down a little bit. That's the median price right here. But they've been eking up. Why? Because people understand that rates aren't going to come down anytime soon. If they do, I can refinance. I need to buy a house today because taxes of or whatever.




 

Los Gatos Home of the Week

Las Gatos Home of the Week

Las Gatos house of the week. I chose Alexandra because it's within walking distance of Santa Cruz Ave, This is a four-bedroom, three bath built in 2022. Looks like it's on a flag lot 4, 998, 000 four bedroom, three bath, 2, 400 square feet on a 7, 600 square foot lot.

It's a little small. But it's brand a spanking new look. No, it's not a flag. That's a detached garage. My apologies. And it looks like it's next to a commercial lot, but that's okay. This looks familiar. Like somebody actually bought this lot, tore it down, tore down the house, and b, and built this beautiful house.

Look at that. Just look at all the Details is beautiful.

Yeah, if I had five million dollars lying around, I'd buy that. 


Price Reductions 

Price Reductions and Market Trends

List price productions. I chose Santee River Court. It's a four-bedroom, two-and-a-half bath, 1700 square feet built in 1975. And it is right next to the Coyote Creek golf course, it's on a nice cul de sac, which is nice.

This is, why Alha has been reduced. I believe. Yeah. From 1. 488 to 1. 35 on marketthe, 103 days. Why? Let's take a look inside Maybe it was overpriced it's a really pretty house. There's nothing wrong with it. Looks like they flipped it. I don't know why you put the carpet there. Not a fan of the tilthehe in the entryway. That looks like it's an addition of some sort. Or some sort of pergola for some outside dwelling.

Peculiar. Weird layout. So there you go. Price decreased. Yeah, it's list price reductions. Looks like a nice big large garage. Not a whole lot of yard. It's all covered. I don't know what this is. Looks like a shack or something. I

Guess if you're a fishmonger, you can have it outside. All right. Weird. 




Highs and Lows in the Market


This is highs and lows. This one is right here. Glenn Una drive. I think we've talked about it before 90 days on the market in Los Gatos, which was mine. It's a mere 10 million. It started off at 11 million and it's calmed down quite a bit over time.
And then this one right here sold for 570, 000, 80%. I think somewhere close to 80 percent of the original list price took 15 days on the market. Sometimes you just have to go with what you got This is an attached house. If you see they're attached here, which is not my favorite. So it looks like it's a total rental, not in the greatest shape.

Maybe the kitchen is. But it's a smaller house. It's definitely a duplex type of home sold for 570, 000. That's the lowest. And then we have via La Vida Real for the highest for sale and Del Puerto Canyon in Livermore, even though it's in Santa Clara County, three bedroom, two bath for only 350, 000. If you don't mind driving an hour and a half each way every day.



12 County Sales Report

Here are the numbers for. In the weekly report for 12 counties around the Bay Area, we hit almost 18. 5 billion in revenue We've sold 8, 100 homes so far this year in Santa Clara County and Alameda is a close 75. So volumes picking up there.

It's just not crazy numbers like 3 years ago. 2021, 2022. That's the 12 county report highs and lows. The lowest price was 82. 6 percent off the list price. There are deals to be had, guys. 

I'm Vito with Abitano. Thanks for watching. We'll see you out there.


Vito Scarnecchia

Real Estate Broker, Veteran, Dad

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