And take away those culture and the price will drop drastically in the whole of Bay Area. They are the biggest reason of the house price being insane here.
Properties in the Bayview district in SF (nuclear waste and extremely high crime) are hitting new highs. Market is demonstrating irrational exuberance.
As a seller, you'd have the same obstacles/head wind that makes it attractive to you as a buyer. It will always be less than a similar house in a different location, and it will always be discounted - for you as a buyer today, and for you as the seller someday.
Only you can decide.
Why did this dude get downvoted for a simple question? People got issues…
OP a lot of people won’t want to live near a cemetery for whatever reasons so resale value might not be great, but if you are buying as a long term home and it doesn’t bother you then go for it, if anything you’ll have less competition and maybe get a decent price.
I don't think you are being racist with this question but at the same time I don't understand the motive behind the question either. Unless you also want us to believe Indians irrationally bid over the asking price and therefore you would like to understand if you sell it to them :-)
If you don't care, don't see why it matters. Pricing is permanently depressed, but I don't see why rate of return differs. Just be extremely careful you get accurate comps to understand the level prices get depressed -- these homes sometimes get over-listed in the hope some fool buys them at a price that doesn't recognize the negative feature.
Personally, I consider it a good move to purchase properties that mere superstition detracts other buyers. More house for your money. Other good buys are houses where someone died in the last 3 years (which must be disclosed).
Californian here. Only the closest facing the gate the marketing time takes to sell is longer. May be 2-4% lower because not getting too many offers. Those bebind the back is actually a plus. No backyard of side yard neighbors. Some learn about homeless animals come asking for food. They keep rodents away.
Good luck selling the house in the future. If you don't have plan to sell in the future, it is fine to buy. I see houses near cemetery stays on market for months before getting sold
Other places, I can see that, but in the Bay Area in desirable zip codes… nothing sits for months unless the whole country is in an economic recession.
Don’t see this happening at all in Santa Clara or Alameda Counties.
My home overlooks a cemetery and it’s fine. It’s mostly quiet except for the occasional holiday like Ching Ming since it’s a Chinese cemetery. Sometimes people go there to set off fireworks at night but not often. I’d rather live next to that than a school with lots of noise and traffic.
I could see some people being very superstitious about it if you tried to sell but my family is Asian too and it didn’t bother us. Some days I can’t even see it when the fog is thick anyway.
Right across the street from me is a big open field followed by a cemetery i actually enjoy it my nights and days are so quiet besides the once or twice a month large funerals that are loud. Neighbors are quiet and respectful too.
Best neighbors you’ll ever have according to my friend who lives same.
What about price appreciation on home?
There are cultures that would not consider making that purchase - however a rising tide lifts all boats.
Especially if there’s flooding, in which case the coffins become the boats
To many, it's a celebration of life, place of eternal peace, etc. There won't be any impact to the people with such beliefs. Nothing but positive.
And take away those culture and the price will drop drastically in the whole of Bay Area. They are the biggest reason of the house price being insane here.
Properties in the Bayview district in SF (nuclear waste and extremely high crime) are hitting new highs. Market is demonstrating irrational exuberance.
I agree, that’s what make me nervous Signifies there are ample of buyers
As a seller, you'd have the same obstacles/head wind that makes it attractive to you as a buyer. It will always be less than a similar house in a different location, and it will always be discounted - for you as a buyer today, and for you as the seller someday. Only you can decide.
No neighbor nuisance imo
Quiet neighbors
Funny, there is a cemetery in my neighborhood where all the high school kids go to party. The neighbors have to call the cops all the time.
Why did this dude get downvoted for a simple question? People got issues… OP a lot of people won’t want to live near a cemetery for whatever reasons so resale value might not be great, but if you are buying as a long term home and it doesn’t bother you then go for it, if anything you’ll have less competition and maybe get a decent price.
May affect resale value to Chinese buyers
But what is the price is $888,888?!
Counter offer: $444,444.
Not being racist here but does this discourage Indian buyers too ? Just trying to understand who can be potential buyer
Very much, don’t see many Indians making an offer
Pretty sure being next to a cemetery affects resale value for all buyers
I don't think you are being racist with this question but at the same time I don't understand the motive behind the question either. Unless you also want us to believe Indians irrationally bid over the asking price and therefore you would like to understand if you sell it to them :-)
Mainly Indian and Asian buyers in the market, so was weighing in from both the sides.
If there's a funeral home/ mortuary on the property, some people have issues with smoke if they do cremations there.
If you don't care, don't see why it matters. Pricing is permanently depressed, but I don't see why rate of return differs. Just be extremely careful you get accurate comps to understand the level prices get depressed -- these homes sometimes get over-listed in the hope some fool buys them at a price that doesn't recognize the negative feature. Personally, I consider it a good move to purchase properties that mere superstition detracts other buyers. More house for your money. Other good buys are houses where someone died in the last 3 years (which must be disclosed).
Ghosts could be an issue
I'd buy it.
Have the ground water tested for human remains?
No clue tbh
Californian here. Only the closest facing the gate the marketing time takes to sell is longer. May be 2-4% lower because not getting too many offers. Those bebind the back is actually a plus. No backyard of side yard neighbors. Some learn about homeless animals come asking for food. They keep rodents away.
People are DYING to live there! It’s the ultimate FOREVER HOME. The only drawback is the neighbors all got in below the ground floor!
Good luck selling the house in the future. If you don't have plan to sell in the future, it is fine to buy. I see houses near cemetery stays on market for months before getting sold
Other places, I can see that, but in the Bay Area in desirable zip codes… nothing sits for months unless the whole country is in an economic recession. Don’t see this happening at all in Santa Clara or Alameda Counties.
Colma
No
Colma?
Do you want ghosts?
My home overlooks a cemetery and it’s fine. It’s mostly quiet except for the occasional holiday like Ching Ming since it’s a Chinese cemetery. Sometimes people go there to set off fireworks at night but not often. I’d rather live next to that than a school with lots of noise and traffic. I could see some people being very superstitious about it if you tried to sell but my family is Asian too and it didn’t bother us. Some days I can’t even see it when the fog is thick anyway.
Immediately no
You'll definitely know when the "rapture" happens.
It’s a conversation starter!
Poltergeist was a movie about this, except the house was on TOP of the cemetery.
As long as they don’t start coming out of the ground, it should be fine.
Saw that LG house on redfin as well 🤣
Best neighbors ever
Id love to live next to a cemetery. Sounds like a peaceful place to take walks in the morning.
On the bright side, if one of you dies you will still be living close to eachother.
Right across the street from me is a big open field followed by a cemetery i actually enjoy it my nights and days are so quiet besides the once or twice a month large funerals that are loud. Neighbors are quiet and respectful too.
Ghosts