Leaky Pipes Are Costing You at Home and on Your Tax Bill

@welcome2the1990s I still think of this commercial when I pump gas. ‘The perfect pump!’ 😂 #90s #nostalgia #throwback #90skid #fyp ♬ original sound - Welcome 2 the 90’s

 

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Leaky Pipes Are Costing You at Home and on Your Tax Bill
Mortgage industry prepares for wave of FHA-delinquent short sales
PROBATE AND ESTATE SALES
Open Houses this weekend, Silicon Valley Curated
Mortgage Rates this week 
Home Inspection CHECKLIST HERE 
What you get for $2MM Santa Clara County 
AIDA: Attract, Interest, Desire, Action
What you get for $1MM in SILICON VALLEY 
Inventory And Supply Charts
FREE HOME BUYER CHECKLIST HERE 

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Vito Scarnecchia,
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Leaky Pipes Are Costing You at Home and on Your Tax Bill

Perfect pump.

Why Water Matters

 Water is important. It's very important. There's nothing more important. How about, I have an article for you and I want you to see a little bit more about why this is important. Now. This is in Toronto, Ontario, and let's get into it. The point is, is that if you have a leaky toilet, it's costing you thousands of dollars every year. Not like here, it says here, it could be like $2,400 a month. It could be. If you have a really high water bill, and when I bought my first house years into it, there was a little bit of shaking that went on and I noticed my water bill was like $800 and freaking, you know, back in the nineties, $800 was a lot of money.

I'm like, what the hell's going on? I said, you have a leak somewhere, you better figure it out. So I had the plumbers come out and they said, well, it's gonna cost you $10,000. I'm like, No, I'm gonna figure this out on my own. 

Now that you know why I don't like HOAs.  I can tell you why I don't like HOAs, but let's get into the crux of this. HOA says, Nope, everything from the meter to your house is your responsibility. Even though it was on common ground, it was on  the area that was, that was the way the HOA was set up.

so I decided, I looked inside the house and I didn't see any leaks. I looked underneath the house. I didn't see any leaks. I didn't see leaks anywhere else up in the attic or anything. So. Had to figure out where it was coming from. So my thought was, let's go from the house back to the main, back to the meter and see where it was.

DIY Fix Saved Thousands

Well, I started digging down. I went out to a one rental or whatever, got a jackhammer and beat up a big hunk of cement. And I went down and the the water main went from the street up the driveway and into my house, So I dug down there right by the foundation, and I dug down three, four feet, and that's where the culprit was. And what it was was the builder. Forgot to put the little glue, the PVC glue into an elbow and it was all PVC.

It was a 50 cent fix, cost me $300 'cause I had to rent the jackhammer. And, but it cost me 300 bucks better than 13,000. The point of the being is when you're looking at leaks, keep an eye on what your standard is.

And if you see a leak, figure it out because it's gonna cost you a lot of money in the long run. And I know that this is for to Toronto, but same thing happens here every day. 

Sewer Lines And Insurance

As a matter of fact same thing with the sewage, the drain once it goes outta your house, it's not, it's still your responsibility until it ties into the Maine, the sewage, Maine, which is in the middle of the street and on multiple streets.

And this is a, this is a huge problem. It's a huge problem because it costs seven to $10,000 and the city is not gonna take care of it. And you can call your water district  Oak. Great Oaks water and get on the insurance program and it costs 10, 15, 20 bucks a month, but it's far better than having to pay seven to $10,000 and it's happened twice on my street.

And if it's happening twice on my street, it's happening all over the place. 

Mortgage Rates this week 

Water Saving Leak Checklist

So point is, is make sure your HOA, make sure your home is. Leak free. Talk to your water district and find out water saving measures because it does count, it does help you out, and it's not about the environment. Yes, I'm environmental, and yes, I want to protect the environment, but it's also about your pennies and dollars and cents, and I just want to protect you so that you know what's going on.

 You can save thousands of gallons every year from a small leak. It's gonna cost you, it's gonna save you tens to hundreds of dollars every month to a year to save on that. So just be aware of what's going on. 

Pool Leak Reality Check

If you have a pool, make sure you have your pool check for leaks.

If you're putting in two, 300 gallons every week for your pool, you have a leak somewhere. It's not evaporation. All right. I wanna go back to this one here, because this one's been on market for a wee bit. This one has had 124,000 impressions retargeted to almost 20,000 buyers that have seen this house on different ads platforms. It's important for us to make sure that we're getting you the exposure so your house gets sold.

PROBATE AND ESTATE SALES

Open Houses this weekend, Silicon Valley Curated

Why Homes Dont Sell

If your house isn't selling after a month, it's not what we're doing as an agent. It's price, right? It's condition, location, and price. You can say it's because of the rate being so high to, that's today's rate, well, April 13th, but today is, rates are starting to continue to. With about a point, which is 1% of the loan. You can drop it down to 5.5, 5.7. So just keep that in mind and you can oftentimes ask your seller to pay for that as a concession. Something to think about. 

What you get for $2MM Santa Clara County 

Two Million Dollar Tour

This is what you get for $2 million in Santa Clara County. This is Mag  Malaga.

You drive in San Jose, California. Not my listing. $2 million. Brand new listing, four bedroom, two and a half bath, 1600 square feet. This is a nice standard  ranch style house with air conditioning. And it's right in. Willow Glen area. I think it borders Willow Glen and Cambrian. But yeah, nice looking house.

Let's take a look inside. nicely maintained, staged, right? Even if your house isn't updated, staging does a lot to it. People see that and they're like, oh, I need to see this house versus this. 

What you get for $1MM in SILICON VALLEY 

One Million Dollar Reality

When you look at what you get for a million dollars, look at this house 'cause it's like Art Deco.

This is Pepper Tree Lane. 9 5 1 2 7. What you get for a million dollars? Three bedroom, one and a half bath, 1300 square feet. Built in 1954. This is built in 1962, so this is eight years younger. Let's take a look inside. 

Price Cuts And Dealbreakers

I like this look, but let's price decrease. Let's see where it started off at 1.25. All the way down to $1 million. 'cause it's been on market for 66 days. Guys, I'm telling you. Price. Oh man, this looks like it's original. Painted everything new counters. Looks like they flipped it, but they didn't touch the floor.

Yeah. Okay. It's a flat roof. It's like a rinata. It's all right.

So it looks like they have it partially staged and then they don't have it staged, like, I don't know, maybe they did the, and then the backyard. Yeah. You can tell this is flipped because they didn't do the backyard. And there's no garage. No garage is a huge issue. You need to have a garage. If you buy a house, you want to have a garage.

So what I would do is I'd probably turn that into a garage and then make the entrance a little more private that way. Okay. Inventory is still inventory. We really haven't touched that. 

Wrap Up And Open Houses

All right, that's it for now. Thanks for watching. Open House Link is in my blog down below.

So if you want to take a look at that, go see some open houses this weekend. Outside of that, have a great weekend. We'll see you out there.

 Videos edited by Vydeoease.com Use Exemption code VEASY

🔴 Video Living in San Jose in the No. 4 spot. in US https://youtu.be/hxw5k739OKU?t=521
Vito Scarnecchia

Real Estate Broker, Veteran, Dad
DRE#: 01407676
408-705-6817
Vitos@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!
🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg



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Inventory vs Sales