Can the direction a home faces affect its value? | Inventory And Supply Charts

 

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Can the direction a home faces affect its value?

Introduction: Does Home Direction Affect Value?


Can the direction of your home affect the value? It's very deceiving to think that. Every house has a specific direction that will sell for more. 


Feng Shui and Home Orientation


I understand that certain ethnicities have specific feng shui preferences, and various other factors influence people's desires for a house that faces east.

My house faces east. But does it stop? Is the buyer buying a house? I don't think so. I know that there are a lot of people who believe in this and still own homes that face West. Does it affect the value? I think it is kind of like a soft thing. Like, do you want to pool? No, I don't want to pull, but if it has a pool, I'll take it.

I don't, I'm not gonna pay extra for it. Does the feng shui matter? Well, you can change the feng shui of a home if it has horrible feng shui. You have things that you can block, the evil spirits and the money spirits from coming, all that other stuff. You can do stuff to a house that makes that change.

But you can't change the direction of a house. And here's the thing. You give me a house, you let me do what I'm gonna do with it, and I'll sell your house. Is it gonna be the best, most incredible price if the market says yes? Yeah, if your house is in completely perfect condition, yeah. But if your house is a piece of crop, your house isn't gonna sell, period.


Market Trends in Sacramento

Ryan Lundquist, my muse and praiser up in Sacramento. I follow him on Facebook. He gets great. Charts and great information, today I'm talking about this interview he had with a new home builder up in Sacramento, in Folsom Ranch. If you're interested in looking, let me know.

We'll go up and take a look. I've been known to go up to Sacramento to help sell houses. New construction sales in the Sacramento region are down. It's a great time to buy. Rates just came down.

We're talking about that today. Who's been buying a Folsom Ranch? Early on, we saw a lot of Bay Area transplants. Taking advantage of remote work was years ago. This is an older development, not older. An older build. New build development is very well established. So have you missed the.

Onslaught of it. Yeah. You know you, you mess the early, I always say if you're gonna buy into a housing development, your Best Buy is the first one because they're brand new and every next phase they go up a little bit. So, right now, I think there are some deals to be had. Matter of fact, I know that there are cuts in certain other places in, rock.

Rocklin area, and they're giving massive discounts or concessions to get people into the house because they have to sell their houses. Their investors are expecting that money. One of the most important, often overlooked buyer preferences, is fullness. So, home orientation, especially when it comes to self-failing homes, whether or not a buyer personally cares about direction, the market clearly does.

South-facing homes are often the ones sitting longer, and they're frequently what builders offer as quick move-ins with large incentives. They tend to be more common in builder inventory, which makes them less unique. Even if orientation isn't a factor for particular buyers today, it will impact their sales.

I don't think so. I call BS. Because if all you're living is on the back end of the house and your house is facing south and you're getting the summer sun, yes, it's going to be hot in the front area of the house, but you're not spending a lot of time in the front area of the house.

You're spending it more in the back area of the house. So that's just the mindset. And if they have it set up that way, that's wrong thinking. That is what sells houses today. 


Community Amenities and HOA Fees


The community. You have the community center with a pool, a restaurant, clubs, tennis, and pickleball.

You have a workout room. You have all these amenities, and that's what communities are looking for. Look, if you're gonna buy into a house. That has a community. You're paying HOAs. It better look nice like this, otherwise you're not paying into it. We're looking at houses right now with HOAs of $750 a month for nothing in Santa Clara County.

It's ridiculous. HOAs have gotten completely outta hand here in California. There's no regulation. They're doing whatever they want unless they're well-kept and well-maintained. And they have a mindset of keeping the HOA fees low. You're screwing yourself getting into a situation like this, especially in older communities where they're consistently going up because insurance rate goes up for whatever reason.

If you're paying anything more like 350, there's something wrong with the management of that HOA, and it needs to be researched. When I go and work with HOA or sell a house in an HOA, whether it's a condo or townhouse, there's a lady who will actually do an audit on everything and tell you what's right with the documents and how they run their business and what's wrong with it.

And it's a disclosure that you need to know about, especially if your HOAs are expensive. Anything over three 50, it's runaway. They have no control over that. So just be careful, but something like this is worth the while because you get to enjoy it. You get the community together here and enjoy it.

I put my parents into a retirement community in Henderson, Nevada, and we went to the community last week. Wee enjoyed it. They're fixing it up, and their dues are $75 a month. Why are their dues only $75 a month, where we're paying 750 for an old, dilapidated townhouse?

It doesn't make sense to me because California needs to have regulations over that. Anyway, going back to the whole thing, might it affect some buyers? But there's a buyer for every house at the price that they want to pay. Right when the market's hot. 



Mortgage Rates this week 

Interest Rates and Market Dynamics

I don't know if you've heard, but there have been rumors about getting interest rates down to 1%, which is stupid, 'cause you can't afford to buy a $10 million house. When there are more buyers, there's more competition, and prices go up. 1% would hurt the market altogether. It would create massive inflation we did see rates come down.

We're down to 6.68 for a 30-year jumbo, which is amazing. This is an anticipation for the FOMC testimony over the next week or at the end of September. We're expecting rates to come down even further. 6.68. You can buy it down a point and get closer to five and a half. See, people are getting quotes 6% right now for half a point.

Full point here for 6%, go 2%. If you do two points, what? What would that look like? We're starting to pump up the volume of buyers, and now that rates are coming down, buyers are going to enter the market again.

If we see this go down to 6%, that means this will be down to 5.5%, and I've been telling you that our parody, where we make buyers happy, is 5.5%, period. Four reasons to redo your master bath. Sellers always come to me and say, Should I redo the kitchen before I sell my house? No, you should have redone your kitchen five, six years ago and enjoyed it. It's the same thing with your bathrooms. You should do it years before you sell.

So you can enjoy it. You're not gonna get the ROI, especially if you have a contractor come in and charge you $50,000 for a new bathroom. You're not gonna get the ROI out of that. You're not gonna get the ROI out of a kitchen if you want to have a nice kitchen and enjoy it, do it. And that will be a selling point when you go to sell your house, but don't do it before you because you're gonna spend 50, $75,000 on a kitchen and you're only gonna get 40, $50,000 out of it.

You're gonna get negative ROI because the cost of labor is so high, and the cost of materials is so high; you'd better get some utility out of it to make it worthwhile.

What happens if you sell your house and it's not updated? Lower the price to attract buyers. There's a buyer for every house at a certain price. If your house is listed at a premium and there's a lot of work that needs to be done, buyers will take their purchasing power and buy something else.

It's common sense. If there are other options at that price or lower and they're in better condition, which one would you have? Doesn't matter if it's a car, pot of gold, pot of crap, a pool, a phone, a computer, if it's a pot of gold versus a pot of crap. Which one would you have? Which one would you buy?

Because it gives good ROI. Yeah. Good. ROI, not excellent. Your best. ROI is a front door, not a roof. You should replace the roof because it's safe and it keeps leaks from going into your house and creating mold and mildew, and infestation. And what's your best ROI as a front door? I don't know why it is, but it is, it has been for years, because you can do a lot of it yourself.



4 Reasons To Redo Your Master Bath

Yes, I've redone all my bathrooms myself. Some of them weren't i great shape, but they're done. I did the tile, the cabinets, the plumbing, and the electrical. Everything's great except I wish I did something differently on some of the top, but that's here or there.

Because you deserve to enjoy it before someone else does. You get the utility value out of your bathroom, do it now. Prices are only going to continue to go up. You're gonna pay a hundred dollars for a sink next week. It'll be worth a hundred or cost you 120. Same thing with a counter.

Everything's going up in cost, and enjoy it. Because it's easier than redoing your kitchen. So absolutely enjoy doing these projects. You buy a house, hopefully you didn't pay a premium for it. Even if it's a brand new kitchen, you're gonna want to tweak it and make it your own, too.

Right? So if it's. You know, white cabinets, and you wanna have a little gray or beige or some kind of color on it, you're gonna paint it. Or if you have the oil rub, bronze, handles, and knobs on it, and you're gonna want, I don't want stainless steel or I want the new brass, you're gonna put your touch on it.

I get it,t you're still gonna want to redo it. That's why people won't pay a hundred percent ROI on a brand-new kitchen or bathroom. 




What you get for $2MM in Santa Clara County 

Real Estate Listings and Analysis

Okay, enough of that. What do you get for $2 million? This is a 9 5 1 1 9. This is Santa Teres,  and I sold, not this exact house, but this exact floor plan a few years a, and I rocked it out of the world.

I think I got 1.845. I think it was. And this is, during the firestorm, I knocked this thing out, and I got a, like, a world record. Now this thing's like nothing 'cause prices go up, right? Five bedrooms, three full baths. There's a bedroom and a full bathroom downstairs.

So, really nice layout. Let's take a look at this. The one I sold was right here. This one's on San Anso, which is a semi-filter street, so it's semi-busy. This one was on a court and was in great shape. Let's see, this one right here. I love the driveway. oOhNow those are cracks. See the front door? They redid the front door. They have older tile, wood flooring, and they updated their kitchen. This isn't brand new. This is a 10- to 15-year-old kitchen, but it's updated and nice. It's newer than the original, so it's nice. It's well methodically taken care of.

They have a nice wine fridge and a stove top with storage underneath. That's nice. And a big one, they're showing off all the storage. Okay. I wouldn't do that. Not on the MLS. See, this is the original; this is the upstairs line closet. Believe it or not, this one actually has two HVAC systems.

One on the downstairs and one on the upstairs. That's the HVAC system upstairs, so that makes the house a little more efficient. If it's hot upstairs, you just turn the AC on upstairs, and it'll cool everything upstairs. The lights are a little bit dated, but you can see that they updated the bathroom. That's some funky-looking shower there, but they updated the bathroom.

That's nice. And you have a nice view of the Santa Teresa hills, the hills that I hike; this was a pool. And they buried it Rancho, San Antonio, or Rancho San Teresa Swim and Racket Club. It's a fun place.

What you get for $1MM in SILICON VALLEY 

This is an HOA, but you are required to belong to the club. It's like a hundred, $200 a year, so it's worth every penny, Foxworthy, which you get for a million dollars. The reason this one's expensive is that it's in Willow Glen, the Cambrian area, right here.

Okay. Not a great buy. I can tell you that right now. It's a three bedroom, two and a half bath, 1500 square feet, not my listing at a million dollars. And the reason why it's so expensive is 'cause it's on that busy, well, it's near there, but everything's original on it. It looks, this is a fixture upstairs, and yes, you can tear everything down.

You can tear down the paneling. This is set up for a quick sale. See how long it's been on the market. Six days. Let's keep an eye on this one. This one is in the rough, doesn't even have floor plans, so shame on you, realtor, nothing else really going on.


‌Inventory And Supply Charts

Inventory is stabilizing right now. We're seeing in Santa Clara that inventory is coming down because we're at the tail end of the summer. People are coming back into school. Now we're going into the second season of selling, which is September, October. You're gonna see some houses go on the market. We might get a bump in inventory, but we're also going to see a higher volume of homes go into sale because rates are coming down.

And this is 12 Bay Area right here. And this is Santa Clara County's active number of six versus months of inventory. So we're still at balance right there, but here you go. What is this one? This one just shot up. This is San Martín. Okay, that's small. There's probably like three houses for sale there, but everything else is down below the six-month mark.

It's very healthy, and this is the US average, just so you can see everything is below the US average, except for that San Martin. We're all coming into Norm. Like I said, a the beginning of the summer, we're gonna see numbers kind of go crazy. We're at the end of summer now, and this is where we are.


Thanks for watching. I'm Vito with Abano. We'll see you out there. 



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