Santa Clara County HI/LO of the Week | SHOULD YOU PAY OFF THE SOLAR WHEN BUYING A HOUSE?

 



SHOULD YOU PAY OFF THE SOLAR WHEN BUYING A HOUSE?

Santa Clara County HI/LO of the Week

4 Ways to Save When Selling Your Home

Los Gatos Home of the Week 

Santa Clara County Price Reductions 

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SHOULD YOU PAY OFF THE SOLAR WHEN BUYING A HOUSE?

Should You Pay Off Your Solar When Buying a House?

Should you pay off your solar when buying a house? It's tempting, and your loan-to-value and debt-to-income ratio might require it. However, one thing you have to understand is that when you sell your house, the buyer has to take over a lease.

If it's financed, you can have it paid off, or you can just transfer that over, that kind of thing. But when it's leased, you have a separate warranty, a performance warranty on the inverter, on the panels to make sure it's delivering the power output that it's request or you signed up for in the contract.

Now, if you sign off to pay that lease, you lose that warranty. It's something you have to be aware of You could purchase a separate performance warranty. I can tell you that the inverters are about seven.

If you get micro inverters, it's different, but like my house is a standard one-unit inverter, and those are about 7,500 bucks. So, having that warranty in place might be a good idea. Just something to think about. You're gonna pay for the power one way or another.

The only problem is if you pay for it on finance or on lease, that goes to your debt-to-income ratio. It's an actual liability, so it's just something you have to wrestle with. Enough said.







Four Ways to Save When Selling Your Home

Four ways to save when selling your home: stage your house yourself. It's absolutely true. Most of my clients take their own furniture, declutter it. Reduce the amount of furniture that they have in their house and stage it.

If it's not beat up and destroyed by cats or dogs, or kids. Stage your house yourself, right? There's nothing wrong with taking some stuff and moving it around and reducing all the clutter; something to think about. Presale inspection, I always say, have your inspections done ahead of time.

That way, you can negotiate with the buyer to do an as-is sale. You're being fully transparent. You have inspections in your hand, disclosures done, everything done. You say, this is what it is, take it or leave it. If you don't like it, too bad. But that's the way it's going to be.

So have a pre-sale inspection and then, low-cost repairs. Check out the honey-do list. Home inspection checklist. 

This allows you to walk through every nook and cranny and find things that might be broken in the house. It could be a bad plug, a dishwasher, a water heater, whatever. You can have that fixed ahead of time, and then you're adding value to your house. Now, do I say, replace your kitchen?

No, because you're not gonna get the ROI on it. You just have to lower expectations, lower your price, and get that home sale. Bulow-cost repairs, right? You have a broken light bulb, something simple to fix, and cracks on the wall, which go into a fresh coat of paint. If you have a fresh coat of paint, then you have nothing left to worry about.
A fresh coat of paint goes a long way. It's a little expensive these days, especially here in California. Clean your carpets, clean your floors, and make sure any major gouges or scratches are cleaned up. Bring in a carpet cleaner; if not, replace the carpet.

Sometimes it's a little bit more expensive, but it goes a whole lot further, especially if they're torn and raggedy and nasty. Spend the money and invest in carpet cleaning, and if it doesn't work, replace that carpet. It's not super expensive. Fix the roof. It's not exactly a low-cost thing, but you can have stuff repaired.

You can have a roof inspector come through and say, yes, there are a couple of things that I'd like to fix on it. It costs you a couple of hundred bucks, and it's done. Then you don't have to worry about it. It's done, and it comes out as cleaner. It's more of an assurance for you that buyers don't come back to you and say, Hey.

You didn't report this roof, and you didn't tell me about this leak.  So, something to think about. 





Los Gatos House of the Week: Templeton Lane

Los Gatos House of the Week, Templeton Lane, not my listing. $4.2 million, five bedroom, four and a half bath, 3,900 square feet. Built in 201nd, it's on the east side of 17, so it's a little bit further away from downtown.

It's Los Gatos, but you can actually walk there if you want to. Yeah, you can actually walk. There are a lot of different goalies that you can go to. You can do the Bella Vista way and cross over. A lot of people do that. So it's something to think about. I'm not gonna go through every 68 pictures.

That's a nice front door, nice kitchen. I love the granite. Nice bathroom, nice stairwell, nice master, nice walk-in closet. That's a little dated, but relatively new nowadays. Having a full walk-in shower so it's something to consider. I mean, the plumbing's already there. You might as well just tear that out and make it into whatever you want.

Let's see if they actually have a floor plan. Having a floor plan really helps sell the house to a buyer because they can look through it and see how it looks and feels in their mind. Typically, when this is done, it's done by a Matterport, like a 3D.

I do it with all my listings, so it's really nice to have. 





List Price Decreases and Market Trends

Alright, list price decrease. We're gonna go through. I think houses just aren't selling, nd list price decreases when you're chasing the market. It's the only real way to catch the market.

This one was listed 62 days ago; the original was 1,000,050. Now it's 998,000, not my listing. It's Ninth Street in Gilroy. It's a five-bedroom, three-bath, 2,600 square feet. And for some reason, they have the living room as the first picture, which is something I never recommend doing. I have a house for sale right here.


Huh? That's confusing.

Why would you do something like that? I don't understand why this agent did that. That's why it's been on the market for a hundred days. 

Oh, that's a pretty house. There's no reason why this one shouldn't sell unless there's some kind of major issue.

Yeah, it could be dated, no staging. Yeah. Let's see what they did here. See if they actually have. Yep. They don't have, they don't have floor plan, they don't have staging. And I can't tell you what the condition is because you can't really tell. It's really close to Gilroy High School, and I don't know why it's not selling.

All right. 





Home Inspection Checklist and Final Thoughts
Home inspection checklist. Download it now. 







What does this mean?: ... . -- .--. . .-. ..-. .. 


I have this right here for you to take a look at, just to see if you're actually watching and listening. Saw this the other day, and  I thought it was pretty cool. Put it on here. Tell me what this Morse code means, and I'll give you a free lollipop or a gift card to Starbucks.




List price. High-low of the week is the highest. Sole price is 81 88. A hundred percent lowest sole price is 6 54 at 92%, and the highest list price was 130. Last week was 167. Guys, I'm telling you, the best and fastest way to sell a house is to list it low, highest price for sale.

It's been like that for a couple of months now, almost a year. Same thing with the lowest three 50 that actually dropped in price. The original list price was like 5 45, and it hasn't sold in a year and a half. We have 1400 active, single-family homes in Santa Clara County, the same number as last week, but we did have 201 sales.

We do have some going into contract, so that's not an issue, but we do have 319, List price reductions over the last week, which brings us up to almost 23%. Buyers are saying that they're picky. They're letting the sellers know that they're being picky.

The price will drive the house down the street from me, listed a little bit lower than it should, and it got way over their original list price. List it low, guys. I'm telling you in a market, you can't be persnickety about the list price. You have to list it low and bring the market to you so you can bid it up.

Having it high is only gonna hurt you, especially when you don't get a ton of showings or a lot of people showing up at the open houses. It's a huge indicator that your house isn't going to sell. List it low, get it sold. Thanks for watching.

Kept it under 15 minutes. I'm Vito with Abano. Thanks for watching. 

πŸ”΄  5 Cities Near San Jose | Moving to San Jose https://youtu.be/sDkdDq42vo8?t=46  

πŸ”΄ The Five Biggest Turn-Offs For Homeowners https://youtube.com/shorts/lwknH5DCS5c 


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!

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


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