Inventory vs Sales | $30000 mistake.
https://www.tiktok.com/t/ZP8bq8c4J/ $30000 mistake.
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Inventory And Supply Charts
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Abitano.com DRE01407676 408.479.2427
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The $30,000 Mistake
Don't make this $30,000 mistake. Watch this
Private Listing Networks Explained
This law professor wrote a good opinion piece on the Wall Street Journal about the private listing network. 30%, that's how many listings at America's biggest brokerage you can't find right now, not on Zillow, not on realtor.com, not anywhere. And some of you don't even know that this was happening. Compass is keeping a growing share of its homes in what they call a private exclusive or private exclusives.
Only Compass agents and their buyers get access, and that's according to this opinion piece here.
Why Off-Market Listings Hurt Sellers
They pitch it as a giving sellers more control type of thing, but Zillow studied millions of sales and found that sellers who skip the MLS lose about $5,000 per home. In California, that number is $30,000. You either believe this protects sellers or you believe it protects the brokerage.
Compass actually sued Zi- All right, enough of that.
Agent Motivations and Industry Problems
Look, the point is, is if your agent is trying to convince you to take-- keep your listing off market and not market it correctly across the MLS, meaning yes, you have to go to Zillow and Redfin, but whatever, they're not servicing you. They're servicing their master, which is their broker.
And I always tell people it's not a good idea. I don't do the coming soon. I don't think it's viable. I don't think it's valuable to you as a consumer. A lot of agents are speaking up about this right now, and I think it's because a couple of years ago, we got that four hundred million dollar lawsuit.
It's really coming to to, to a precipice right now where you either are part of the problem or you're trying to free Ju-- you know, it's the red pill versus the blue pill or what have you. Bottom line is, if someone is doing something for you and they're telling you this is the great way, the great way, you should learn, right?
Two thousand seven, two thousand six, two thousand eight, all the lenders were like, "Oh, do the pick a pay. Do the pick a pay. Alt A mortgages, they're easy. Ninja." Na-na-na, and now we're in a situation where... Now, then there was a situation where we had massive foreclosures. This does not help you as a client.
When Pocket Listings Make Sense
Look there's a place for it. Absolutely, a place for pocket listings. And that's that you wanna have your privacy, and you don't wanna have a hundred people going through your house, and you don't want da, da, da, da. But you have to understand the risk behind it, because when you don't bring in the entire market, you don't know what the value is of that market, of that house, period The link is in my blog.
You're very welcome to go take a look and re-watch this guy. Uh, there's a ton of advocates out there. I know I bring this, and I feel like a freaking a rotating wheel. It just keeps coming back, killing the... Kicking the dead horse. But the point is, that they... These coming soon things need to go away.
I don't call myself a realtor anymore, even though I'm part of the brand and part of whatever. I n- I don't pay into their little propaganda payment thing. It's... You can pay into their, their whatever, pay extra money to, to help feed their political party. I don't believe in that. I don't believe in... I've never stood on either side of any political side.
Industry-Wide Private Listing Issues
but this, to me, is when... It's not just Compass either, right? It's real. It's my company does this. Real Max does this. Max Real, whatever the hell they're called. Remax y- KW, and all these other c- uh, these other brokerages, they're all doing it. They all do it. They're like, "Oh, these are private listings, and we're do-" What...
How does that help you? That makes you, as a buyer, you have to go to fifteen, twenty, thirty different sites to find different houses. It's just too confusing. It just sucks. It's ridiculous.
Zillow's Role and Commissions
And that's why Zillow is fighting hard for it, and I understand. But Zillow is doing it for their own greed too, right?
They're doing it because they want their just desserts, which means if I was a Zillow Premier agent, I pay Zillow forty percent or sixty percent of whatever the commission is that I negotiate. So if you're paying me $10,000, Zillow gets ten... Four thousand for it
Period. For what? For being a site aggregator, a lead generator? I don't believe in that either. So there you go.
Consumer-First Philosophy
I believe in serving the consumer and making sure the consumer makes as much money as possible, and being as educated as I can, and educating my cons- my clients as best I can. And all this other whiz-bang stuff doesn't help you at all.
Okay, let's go on. That was it. There's no other news that I wanna talk about today.
Market Inventory Analysis
Home inspection checklist, probate. Inventory is out, and it's eye-opening. Uh, we're coming back up to see where I think when we settle in May, we're going to see price, the s- months supply go up above 4.6. I think that's where we're going to settle out.
I think we're gonna see it continue to go up. I don't think it's going to be 2008 levels, but I think we're going to see something happen here, right?
And again, that is across the United States Generally speaking, I think more cities, more towns are going to hurt over the next couple months, maybe a year than, later.
Regional Market Differences
There's a huge separation of those with and those without, and yesterday I showed you a map of Silicon Valley, of Santa Clara County, of s- the west side where s- Yeah, sorry.
Of the west side where Santa Clara County in '17... Sorry, my, my internet went out for a second. Where ' 17 and the west side all the way to Cupertino, et cetera, it
It's there's very few houses that don't sell. On the east side of 17 all the way to Milpitas and down to Gilroy, you see a larger population of it, period. This is what you're seeing here
What you're seeing here is a whole bunch of houses that all across the United St- all across the, the 12 counties that we track, right?
Supply Metrics Breakdown
And this is where we look for six months as the thing. Napa has, uh, one month over 6%, over six months of supply, but everything else below is doing really healthy, right?
Those numbers are going to shake up over the next couple months, right?
Selling Season Recap
We did not have a selling season. We had a weekend where rates went down below 6%. It hit 5.99, and everybody bought, and then after the, like Monday, it went back up to five point or six point whatever, 6.25, and then that was the end of the season For most people.
Houses are still selling, just not at the pace that we're, we want Okay. Active number versus yada, Number of inventory. We're still doing very healthily.
Historical Context and Foreclosures
This was the shakeup in 2008 to 2012, right? So you're gonna see numbers jump up like this. We have nothing that's going to slow down this industry right now that we know of.
Last week I told you about the crack in the dam of foreclosures. It's a very good possibility, but there's a way to make sure that we don't see this happening, right?
Santa Clara County Numbers
15 cities in San Jose, Santa Clara County. There's more, just so you know, but we're still under six months supply for almost every city.
Even...
What's th- what's this one right here? I think that was, um, not Milpitas, it was San Martin. So there you go. Our numbers aren't doing bad. You know, I think we're gonna see... Hang on a second.
May Market Update
So here's, here are the May, sorry, May numbers for everything. And you're not seeing anything skyrocket up, right?
Over the last couple months, nothing's really skyrocketed up. So nothing really to be worried about.
Closing Remarks
All right, that's it for now. Have a great weekend. I have a link to open houses in my blog, and you can take everything that you see here and enjoy. I'm Vito with Abitano. We'll see you out there.
Take care.
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
#BedlamWhereChaosResides, #abitano, #realestatesherpa, #rewtf, 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 2025, Why You'll Regret Buying A House in 2026, realestatemindset, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, lance lambert
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🔴 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
#BedlamWhereChaosResides, #abitano, #realestatesherpa, #rewtf, 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 2025, Why You'll Regret Buying A House in 2026, realestatemindset, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, lance lambert
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
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