How to Make Your Backyard Feel Like a Resort
How to Make Your Backyard Feel Like a Resort
Today's mortgage rates crazy. We're below seven, well below seven. You can negotiate this down even further by paying points, et cetera.
But yeah, yesterday the foot spoke. Everybody started crashing their rates down. Is it the 5. 5 we were talking about? Nope. But the economy, I don't think we can handle that with all the inflation that we're seeing, etc. We just need to play it safe. And this being an election year, they're going to do everything they can to play it safe.
So that one side can stay in power, blah, blah, blah. I don't know, whatever. I don't care about politics. The point is, we're down.
Impact of Rate Changes on the Market
A good half percent from yesterday, the day before. So what that means is in the United States, about 400, 000 people can now reenter the market, which means more competition. That's good.
That's really good.
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Transforming Your Backyard into a Paradise.
How to make your backyard feel like a resort
Look inside living is great. I do a lot of it, but being outside is even better. And when you have a place that's outside, that's an extension of your home. You get to enjoy it a little bit more, just like this house right here. This backyard right here, it's all set up for being outside.
I think mine are a little bit more red, but anyway, they're comfortable. They're super comfortable. They're there for you to sit there for hours and then just enjoy the fire. the way I set mine up is my backyard is a big L-shape. Instead of having two side yards, I have one big side yard.
So I have a pergola. I have a fireplace that you can sit around with lights. I have a little gas. Barbecue. And then on the side yard, I have another setting area on a deck. So it's all for enjoying your privacy. Or if you're having a party, it's great. It's just a great place for people to hang out and enjoy.
Yeah. You want to cover up when the sun gets hot. It's been hot the last couple of days. I was out at the park the last couple of days and one day it was hot.
The other day it was a little breezy and it's a lot better, but still, you don't want to be underneath. A ton of sun, especially during a party or barbecue.
So think about shade, think about umbrellas, pergola. I built a permanent pergola back there and it's there to stay.
Tables that I use as bars so people can stand around and enjoy and chat and lay their beer down or lay their drink down. And having a bar is another place for people to congregate and have conversations. So yeah, put a bar there up your bar game. I'm not going to let people come over and just throw glass everywhere and have me pick it up.
So when I do have people come over, I have plastic mostly because I have a younger crowd with kids. They usually have kids there. And stuff breaks and it's not a party until something breaks. That's just my point of view.
You can see my house, it tells absolutely the fact that it has some good wear and tear from the parties that we've had.
Spring for the good Now, if you're celebrating, if you're bringing in a small Batch of people. Absolutely. We've had parties here. We've had 120, 130 people. The house is big enough to handle it, especially if we have a backyard. But on the inside, you can also fit a lot of people too. when we have five, or six people show up, We'll have the nice, plates come out, et cetera. And lighting is super important. You don't want to walk through and trip over something, but you also don't want it to feel like it's a cave. So when you're out and it's night, you want to have lights bouncing everywhere so it doesn't feel super, super dark.
There you go. All right.
What You Get for $2 Million
What'd you get for 2 million? 2 million. Oh, what? Palo Alto. What's this one on college of this is Mountain View. Three bedroom, two bath, 1300 square feet built in 1955. I bet when they built this in 1955, they had no concept that it'd be worth 2 million. It's crazy, right? But look, it's a nice house.
The cabinets are a little dated, but you know what? those are nice colors that really work with that. The size of that house. It actually really works. I like the granite. This house looks like it's been well-maintained I think they updated it before they put it on the market because you see everything's white. The carpets are all clean. This was updated probably 1015 years ago with the type of tile that is on there. I can tell you because that's what I have in my kid's bedroom.
low maintenance front yard. Nice. So no longer worry about. You have low maintenance and pavers everywhere. The good news is that's low maintenance, but also what you have to realize is that does bring in a lot of extra heat. So just be careful about that if you're designing something like that.
So mature trees mean a lot of shade. That's great. That's your backyard. That's pretty limited. You see how there are nice areas for sitting in different places. So yeah, there you go.
What You Get for $1 Million
What you get for $1MM in SILICON VALLEY
All right, what you get for a million dollars in San Jose. Let's take a look.
Price decrease for bedroom, two baths, 1, 260 square feet. 1958 built in 1958. Love the green patio. Yeah. Nothing better than a realtor taking their own pictures. See, that's why you want to have a professional take photo, right? If you're going to cheap out, don't cheap out on the photos because the photos really do well.
I would have gotten rid of half of these carpets or rugs and half the chairs. I want to set them out. So it looks like it's a place for being useful. I want to tear that down. That thing's old and rickety and it's a fire hazard
and there's another pergola. See, they like the pergola use and feel cause they get the shade.
All right. There you go. This is San Jose nine five one one one. And it's right off Coyote and Center Road. It's not a bad area. For the price. There you go, but it's been on the market 18for days and the iginalist price was 1, 000, 000 and it's down to 974.
Nothing has really bounced.
Current Real Estate Market Conditions
All right, what you get for a million dollars in San Jose. Let's take a look.
Price decrease for bedroom, two baths, 1, 260 square feet. 1958 built in 1958. Love the green patio. Yeah. Nothing better than a realtor taking their own pictures. See, that's why you want to have a professional take photo, right? If you're going to cheap out, don't cheap out on the photos because the photos really do well.
I would have gotten rid of half of these carpets or rugs and half the chairs. I want to set them out. So it looks like it's a place for being useful. I want to tear that down. That thing's old and rickety and it's a fire hazard
and there's another pergola. See, they like the pergola use and feel cause they get the shade.
All right. There you go. This is San Jose nine five one one one. And it's right off Coyote and Center Road. It's not a bad area. For the price. There you go, but it's been on the market 18for days and the iginalist price was 1, 000, 000 and it's down to 974.
Nothing has really bounced.
Current Real Estate Market ConditionsInventory And Supply Charts
We're still at very low inventory. If you look at Santa Clara County, we're at 1100 homes for sale right now. And we have to be at about 2000. Remember what we say here, 2000 is the magic number for San Jose. We want to be at about a thought. 800 and 900, but right now we're at four 81.
So our numbers still are very low inventory. And now that rates have come down, we're going to see more competition enter the market and we're going to see prices go up because when there's more competition, these prices go up, good for sellers, not so great for buyers. So plan your day accordingly. Don't, if you're set at. A million dollars, I would say, look at 800 to 900, maybe 950, because you are going to have to bid it up.
Unless you want to look at houses that have been on the market for over 40 days, which we talked about yesterday. There's a great opportunity out there when you buy a house that's been on the market for over 40 days. Its price, condition, and the local market. So it's overpriced basically, and there's a lot of opportunity there.
But when you're looking at houses that are brand new on the market, and especially when rates come down, you're going to see a lot more people flood the market. I can tell you straight up that you're going to see more people this weekend at open houses. There you go.
Conclusion and Final Thoughts
I'm Vito with Abitano. Have a great weekend.
We'll see you out there.Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 We’re Hiring! 408-705-6817 Vito@abitano.com Website: abitano.com https://www.onereal.com/vito-scarnecchia-1 update your home value: https://hmbt.co/bT7qRJ RELOCATION@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! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course YT YouTube.com/SanJoseLiving IG https://www.instagram.com/abitanogroup/ FB https://www.facebook.com/vito.scarnecchia/ LI https://www.linkedin.com/in/vito-scarnecchia/ Blog http://blog.abitano.com/ POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb Professional Photography by Kim E https://photosbykime.com / Local Real Estate Market and Home Value Report https://hmbt.co/bT7qRJ Financial Intelligence https://docs.google.com/forms/d/e/1FAIpQLSc0R5pjHIAPguZ5GDEB-fTbGJXKpWK3coK9Khymv_GTWkMnyQ/viewform?usp=send_form https://www.onereal.com/vito-scarnecchia-1 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg
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