SAN JOSE MEASURE E CHANGES | 4 Repairs You Need Before Selling Your Home

 


 


youtube

blog

podcast


Measure E - Real Property Transfer Tax | City of San José

All right. Great news. If you live in San Jose, Measure E went up. Can you still hear me? Good. 

  • Effective July 1, 2025, the Real Property Transfer Tax will be imposed on property transfers over $2.3 million.


Impact of Measure E on Homeowners


Measure E went up, rule property transfer tax went up. If you know, a few years ago we voted in Measure E, which meant that any house that sold for over $2 million in San Jose.

Not only did you have a point of sale tax, but now you also had a huge jump in transfer tax. This is debilitating, and it really hurts a lot of homeowners who were edging up to $2 million. It kept those homes at $2 million for a very long time. Effective July 1st, which is just around the corner.

Real property transfer tax will be imposed on property transfers over $2.3 million. That's good news. That's actually larger than the average sales price in San Jose. It's also larger than the average. Median price in San Jose. This is good because over time, homes in San Jose have transferred over $2 million, but not at the same clip as other homes sold in other cities around Santa Clara County. Homessold over $2 million in San Jose just dipped, and that data's old.

That's great news. That means homes that are edging at $2 million, finally get some relief and go over the $2 million mark. That's great news for all of us. 


Buying Old vs. New Homes: Key Considerations

If you're thinking about buying a home, I wanna reemphasize this because I think it's important for you to understand this is a dig against buying an old home versus buying na new home.

So let's go through this real quick, foundation and structural issues. Yes, some homes have foundational and structural issues, but guess what? Even newer homes will have that. Sometimes they just don't do it right. Sometimes the cement doesn't set right, I get it. The problem with older homes is that Old cement becomes brittle if it's not poured right. Over 60 years, when the soil contracts and expands and lifts up one part of the foundation, then you have issues. There are ways to mitigate that, and I've spoken about it before: get gutters.

A lot of houses back in the sixties didn't have gutters. The downspout should pour out five to six feet away from the foundation, which'll alleviate any erosion or soil impaction. That happens when the ground gets wet. It'll push the water further out, and it'll alleviate that problem.

Yes, some houses have that problem. Something to be aware of, and that's why you always have a property inspection done.



Ready For Staging: 4 Repairs You Need Before Selling Your Home

Home Maintenance Tips


You can get a general property inspection, which checks out everything, but they're not foundation experts or roof experts. Then you can get a roof inspection or foundation inspection, or even an electrical or plumbing Older homes are fraught with plumbing issues. If you don't mess around with the electrical, pretty much okay. They don't really. Catch on fire normally. But with plumbing, it happens because you put stuff down the drain that doesn't really belong down the drain. Like grease and coffee grinds and toys down the toilet, 

And also, trees can grow into the plumbing, into the sewage drain, right? That's absolutely a possibility. When you buy a new house, you could also buy a house and then the. People who put the main in didn't do it correctly, and then you have issues. So guess what? That's gonna be covered under the warranty.

Whether you buy a new home or a used home, you should always have a home warranty because things are going to happen. The water heater might break, the dishwasher might just go on the fritz, the refrigerator with the computer, motherboard might just fry out because they do.

Well, the warranty will cover that. 


Hazardous Materials and Home Safety


Hazardous materials. Back in 1978, we had lead and asbestos inside houses. If you're in an older commercial building, you probably have that too. Right now, we don't have that, but we have other things like plastics.

Fire rating of your furniture, clothes, and carpets. They're all made out of plastic and petroleum products. A house today will burn down a lot faster than it did back in the sixties. So you have pluses and minuses, right? Radon. It's not something that we have out here on the East Coast; radon is a natural carcinogen. It's naturally occurring, and it's something that we test for out on the East Coast. Outdated heating and cooling systems, I call bunk. Yes, it might be more efficient, but they're gonna last a lot longer. They're far more robust.

Just like your appliances. They last a lot longer. You can limp them along. Don't have a sales guy. A maintenance guy comes in and tells you that your HVAC needs to be replaced. I would spend more money on repairing an old, very well-suited system for that house, unless you want to go completely updated, but then you know you're gonna have computer issues.

I put a new HVAC system in my house when we had twins. Within the first two years, the computer board went out, nd I had to pay for that. So that was a pain, and you should be checking your.

Ducts, air filters, smoke alarms, your carbon monoxide detectors, and your water heater. Change out the water in the water heater, drain all that out, and then also clean out your dryer vent, not the lint trap. The dryer vents every six months. Termites and bugs. This is California. Even a new home will have termites and bugs living in it.

I don't know how to tell you that there are two types of homes in California. One with termites and ones that just got tinted, period. So there you go.

It's a problem. It's an issue. And yeah, we have termites in some places in the country. We have wood-burrowing ants. We have all these different things that can tear up your wood structure. That just happens. It's going to happen. So if you buy a brand new house, yeah, guess what? You probably don't have it yet, but give it a couple of months.

And that's what you have to look out for here. If you're thinking about buying a house here in California, I have a home buyer checklist right here. You can jump in and take a look at it. It walks you through every nook and cranny. It allows you to compare multiple homes at the same time. Let you know which home fits your needs, and eliminates homes that are a bad fit. Then you can make appropriate compromises. So it's kinda like a Benjamin Franklin close, but it's just a checklist for you to walk through five or six different homes and make notes, et cetera, and allows you to look at the windows, the appliances, etc. Download this today. 




Cupertino Home of the Week 

Cupertino House of the Week

The link is in the description below the Cupertino House of the week. It's a veterinary clinic. Right now, it looks like it was a house, but it's a four-bedroom-and-a-half bath, 1800 square feet, built in 1984.

This one's going to take a while to sell. If you're ready to remodel a $2 million house in Cupertino, that's 1800 square feet. That's a great deal. Now, granted, it's on the corner of a busy intersection.

There's a gas station right there. I fill up at that gas station. They have pretty good gas prices, so think about it. If you're interested in learning more, gimme a call. 



Willow Glen Home of the Week 

Willow Glen House of the Week

Iris Court, this is Willow Glen. House of the week, again under $2 million. Three bedroom, two and a half bath, 1,235 square feet, built in 1923, and it is walking distance to Willow Glen.

If you like walking downtown, having a cup of coffee. This is perfect for you. Nicely updated. It's very pretty. I love the oven. Not a big fan of the white appliances, but there you go. This is not my listing. Oh, that's nice. This looks like this could have been the garage at one point, and then they made it into an entertainment center.

That's really cool. So this one's really designed for the outdoors. Entertainment. I like that. The one negative is, and you can see it right here, it's right next to a commercial. So you have parking and other issues. Nice. 


Luxury Home of the Week 

Luxury home of the week, Tallwood Court. $24 million. Not my listing. Six bedrooms, seven, two half baths. 10,000 square feet. Built in 2024. It is in. Atherton, Sold. That has a movie theater. Look at that. I would need a bed like right here so I can lie down and watch, maybe one of those Tempur-Pedic ones. Love that. This is a beautiful house. I think we should go see it. If you're interested in taking a nice tour of a grand mansion, this thing's gorgeous. So very well appointed. Good for you.  


Real Estate Market Update

And then the sales report here, not much happening other than the fact that Santa Clara County, after 24 weeks, we're almost at the midpoint. $8 billion in revenue in sales.

San Mateo's, half that. Santa Clara County has the highest volume of saber. Alameda is pretty close right here, 34, but we're at 30, almost 3,700, and it takes 16 days to sell a house if it's priced right and in good condition. More and more people are willing to buy and pay a little bit more.

Even in this market, they're willing to pay for a house that's been updated so that they don't have to mess around with it. That's the demographic that's actively buying right now. There are DIY home buyers, first-time home buyers who are struggling to get in.

There are absolutely those people out there that way. But make sure you. Because it will sit on the market. It will sit on technical months of inventory. I can tell you the numbers here are alarming, but that's only because this is in the middle of the month, these numbers will.

Ratchet down and average out, and become a little less alarming as we go through. But it's just something to be aware of. 1.6 months of inventory. That means if we stop putting houses on the market today in San Francisco, San Mateo, and Santa Clara, you're looking at less than two months. We have houses that sit on the market in Napa for six months. Crazy, right? 

Alright, here you go. I'm Vito with Abano. We'll see you out there. 





🔴 Gorgeous Custom Built Estate 1036 Ridgemark Dr

Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

Update your home value: https://hmbt.co/bT7qRJ      

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!


🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg



#abitano, #realestatesherpa, #rewtf, realestatemindset, Silver Tsunami, 2035 Housing, 2025 tax lien investing Jason Walter, home staging kitchen, Cost Of Living Calculator,  Fraud, Homebuyer workshop, Bay Area housing stats, Veteran Home, best time of the year to buy a house, Bay Area Luxury homes,  next housing crash prediction, housing market projections, Should I Buy A House Now Or Wait?, should I buy a house now or wait until 2026, Why You'll Regret Buying A House in 2026, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, REDFIN, zillow,century21, intero, Tse, cocke, zaid hanna, remax, kellerwilliams, real broker, EXP, Fed rates, Interest rates, cupertino real estate, Willow Glen, Luxury presense, luxury homes, silicon valley real estate 



What should a realtor do to sell your house,What should you not do when selling a house,Why is home not selling,Is it better to sell as is or fix up,Home much money is lost when selling a house,Is it bas to sell a house as is,Where should I sell my house for money is 2021,Is money from the sale of a house considered income,Do you get all the money when you sell your house,Do you have to buy another home to active capital gains,What happens when you sell a house and make a profit,Can I sell my house and keep the money ,What month is the best to sell a house,How much money do I keep when I sell my house,How to I avoid paying taxes when I sell my house,How do I sell my house in 5 days,Whats the quickest way to sell a house,How can I sell my house quickly ,Is it better to sell my house or rent it out,How do I sell my house in 30 days,What does teh seller have to pay when selling a house,How p[ays closing costs on for sale by owner ,Who pays the title company at closing,Who pays for appraisal buyer or seller,How do I calculate my closing costs as a seller,Can a realtor lie about other offers,Do sellers always pick the highest offer,Can ou sue a real estate agent for lying,How do you make sure your offer is accepted,Can buyer talk to seller directly,What do you say when you reach out to a realtor,Do you tip your realtor,Why do realtors now want buyers and sellers to meet,Do I have to pay my realtor if I decide not to sell,Can you work with multiple realtors,Can you fire your real estate agent,Are realtors rich,Should I interview multiple realtors,Are you obligated to a real estate agent,What should I do to my house before selling ,What sells a house fast,What brings more value to a house,What features sell a house,What to do if a house is not selling,Do vacant homes sell faster,What are the worst months to sell a house,Which month is best to sell a house,Is 2021 a good year to sell a house,What adds most value to a home,How can I increase my chances of selling my house,What makes a house harder to sell,What brings down property value,What are houses not selling 2021,What adds teh most value to a house,What is the most common reason a property fails to sell,What should you not fix when selling a house,What adds teh most value to a house,Does Zillow pay fair prices for homes,How to I sell my house that need repairs,Do sellers have to fix everything on home inspection,Can you sell your own property as a real estate agents,Does a realtor make money on a for sale by owner,Can I use a real estate attorney instead of an agent,Can I be my own buyers agent,Do real estate agents make more than lawyers,Do realtors get paid if a house doesn’t sell,Do agents get paid for open house,Can I ask my realtor to take a lower commission,How much does a real estate agent make monthly,Which real estate agent has the lowest commission,Can I represent myself as a real estate agent,Do brokers make more than real estate agents,Can you bypass a real estate agent,Can I represent myself in buying a house,Can you buy a house yourself,Do Realtors get commission on for sale by owner,Is it better sell your house by owner or realtor,How do you negotiated for sale by owner,Is it hard to sell a house without a realtor,Can you ask a realtor to take a lower commission,What home improvements add the most value,What should you not fix when selling a house,What color carpet is best for selling a house,Which home renovations are your best investments,Which home improvements pay off,What is the best way to renovate a house,What is the most expensive part of a kitch remodel,What home improvements do not add value,Is a 4 bedroom house worth more than a 3 bedroom house,Do home improvements increase value,What features sell a house,What order do you renovate a house,What renovations are worth doing,Is it better to renovate or move,Is it cheaper to renovate or build new,How much does it cost to fully renovate a house ,What should I renovate first,What makes property value increase ,What negatively affects home appraisal,Do home appraisers look in cabinets,Do appraisers look in showers,What matters in a home appraisal,How can I maximize my home appraisal,Is land a good investment 2020,Is buying land a building a house cheaper,Is it better to buy land first,How to I buy money with no money,Is land a bad investment,Does age of house affect value,Are 100 year old houses safe,What is the average age of a house,What age is a house considered old,How do I price my house,How is property value determined,What are the 5 methods of valuation,How do I determine fair market value of my home,How does a bank value a house,Why is my tax assessment so high,What brings down,calhoun.savingmoneyonhomes.com


95035,95123,95020,95127,95014,95051,95111,94087,95112,95125,95023,95122,95037,94550,95116,95124,95136,94086,95148,95008,94303,95050,95132,95120,95129,94040,95121,95128,95126,95118,95131,95070,94043,95134,95032,95117,95133,94306,94089,95054,94085,94024,95135,95110,95138,94022,94301,94305,94041,95030,95130,94090,95119,95033,95102,94310,95139,95046,95171,94028,95142,95114,95113,94304,94308,95140,94035,95141,95053,95101,95137,95002,95196,95009,95011,95013,95015,95021,95026,95031,95036,95038,95042,95044,95157,95156,95159,95158,95161,95160,95170,95164,95172,95190,95173,95192,95191,95194,95193,94302,94309,95052,95056,95055,95071,95106,95103,95109,95108,95115,95151,95150,95153,95152,95155,95154,94023,94039,94042,94088,94080,94015,94014,94303,94403,94025,94066,94010,94061,94044,94404,94063,94401,94070,94062,94002,94402,94030,94019,94405,94409,94065,94407,94408,94098,95006,94071,94027,94099,94012,94031,94003,94067,94028,94005,94029,94037,94406,94096,94060,94020,94045,94038,94059,94021,94074,94128,94013,94307,94011,94016,94018,94017,94497,94026,94064,94083,94125,94544,94536,94538,94587,94541,94501,94568,94539,94601,94550,94577,94560,94546,94551,94605,94566,94611,94588,94621,94578,94606,94555,94545,94608,94602,94610,94603,94580,94704,94607,94619,94609,95391,94579,94703,94625,94552,94706,94643,94618,94702,94502,94612,94542,94705,94708,94707,94709,94710,94720,94627,94586,94514,95140,94615,94557,94604,94613,94537,94540,94543,94614,94617,94620,94622,94624,94623,94649,94660,94659,94662,94661,94701,94666,94712,95076,95060,95062,95003,95066,95064,95073,95033,95065,95010,95006,95018,95005,95019,95017,95001,95007,95041,95061,95063,95067,95077,


Santa Rosa Real Estate,Petaluma Real Estate,Rohnert Park Real Estate,Sonoma Real Estate,Sebastopol Real Estate,Windsor Real Estate,Healdsburg Real Estate,Cloverdale Real Estate,Cotati Real Estate,Calistoga Real Estate,Forestville Real Estate,Guerneville Real Estate,Penngrove Real Estate,Glen Ellen Real Estate,Geyserville Real Estate,Occidental Real Estate,Kenwood Real Estate,Cazadero Real Estate,Fulton Real Estate,Monte Rio Real Estate,Bodega Bay Real Estate,Stewarts Point Real Estate,Jenner Real Estate,The Sea Ranch Real Estate,Bodega Real Estate,Graton Real Estate,Annapolis Real Estate,Valley Ford Real Estate,Duncans Mills Real Estate,Camp Meeker Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Oakland Real Estate,Fremont Real Estate,Hayward Real Estate,Berkeley Real Estate,San Leandro Real Estate,Livermore Real Estate,Pleasanton Real Estate,Alameda Real Estate,Union City Real Estate,Dublin Real Estate,Castro Valley Real Estate,Newark Real Estate,San Lorenzo Real Estate,Albany Real Estate,Emeryville Real Estate,hayward real estate,Piedmont Real Estate,Byron Real Estate,Sunol Real Estate,Canyon Real Estate,Farwell Real Estate,Brookshire Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Petaluma Real Estate,San Rafael Real Estate,Novato Real Estate,Mill Valley Real Estate,San Anselmo Real Estate,Sausalito Real Estate,Corte Madera Real Estate,Tiburon Real Estate,Fairfax Real Estate,Kentfield Real Estate,Larkspur Real Estate,Ross Real Estate,Belvedere Real Estate,Bolinas Real Estate,Nicasio Real Estate,Point Reyes Station Real Estate,Dillon Beach Real Estate,Woodacre Real Estate,Lagunitas Real Estate,Inverness Real Estate,San Quentin Real Estate,Tomales Real Estate,Marshall Real Estate,Olema Real Estate,Stinson Beach Real Estate,San Geronimo Real Estate,Blakes Landing Real Estate,Salinas Real Estate,Watsonville Real Estate,Seaside Real Estate,Monterey Real Estate,Soledad Real Estate,Marina Real Estate,Greenfield Real Estate,King City Real Estate,Carmel-by-the-Sea Real Estate,Pacific Grove Real Estate,Gonzales Real Estate,Castroville Real Estate,Carmel Valley Real Estate,Aromas Real Estate,Moss Landing Real Estate,Del Monte Forest Real Estate,Big Sur Real Estate,Del Rey Oaks Real Estate,Bradley Real Estate,Chualar Real Estate,Sand City Real Estate,Jolon Real Estate,San Simeon Real Estate,San Ardo Real Estate,Lockwood Real Estate,San Lucas Real Estate,Hollister Real Estate,San Juan Bautista Real Estate,Aromas Real Estate,Paicines Real Estate,Tres Pinos Real Estate,San Francisco Real Estate,San Mateo Real Estate,Daly City Real Estate,Redwood City Real Estate,South San Francisco Real Estate,San Bruno Real Estate,Menlo Park Real Estate,Pacifica Real Estate,Foster City Real Estate,Burlingame Real Estate,San Carlos Real Estate,Belmont Real Estate,East Palo Alto Real Estate,Millbrae Real Estate,Half Moon Bay Real Estate,Hillsborough Real Estate,Woodside Real Estate,Atherton Real Estate,Portola Valley Real Estate,Brisbane Real Estate,Emerald Lake Hills Real Estate,Moss Beach Real Estate,Colma Real Estate,Pescadero Real Estate,La Honda Real Estate,Montara Real Estate,San Gregorio Real Estate,Loma Mar Real Estate,San Jose Real Estate,Sunnyvale Real Estate,Santa Clara Real Estate,Livermore Real Estate,Mountain View Real Estate,Milpitas Real Estate,Palo Alto Real Estate,Gilroy Real Estate,Cupertino Real Estate,Morgan Hill Real Estate,Campbell Real Estate,Los Gatos Real Estate,Los Altos Real Estate,Saratoga Real Estate,Stanford Real Estate,Los Altos Hills Real Estate,San Martin Real Estate,Monte Sereno Real Estate,Lexington Hills Real Estate,Mount Hamilton Real Estate,New Almaden Real Estate,English Town Real Estate,Twin Creeks Real Estate,South Shore Port Real Estate,Almaden Real Estate,evergreen Real Estate,burbank Real Estate,blossom valley Real Estate,alum rock Real Estate,down town san jose Real Estate,cambrian park Real Estate,willow glen Real Estate,berryessa Real Estate,japan town Real Estate,little italy Real Estate,alviso Real Estate,little portugal Real Estate,mayfair Real Estate,the alameda Real Estate,Santa Cruz Real Estate,Watsonville Real Estate,Los Gatos Real Estate,Aptos Real Estate,Scotts Valley Real Estate,Soquel Real Estate,Boulder Creek Real Estate,Capitola Real Estate,Felton Real Estate,Freedom Real Estate,Ben Lomond Real Estate,Davenport Real Estate,Vallejo Real Estate,Fairfield Real Estate,Vacaville Real Estate,Suisun City Real Estate,Benicia Real Estate,Dixon Real Estate,American Canyon Real Estate,Rio Vista Real Estate,Winters Real Estate,Travis AFB Real Estate,Walnut Grove Real Estate,Birds Landing Real Estate


Comments

Post a Comment