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Buying a house isn't impossible. It only looks that way.

Tuesday, May 12, 2020   /   by Vanessa Saunders

Buying a house isn't impossible. It only looks that way.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

Social distancing and unessential businesses aside, it is still possible to sell or buy a house in the Hudson Valley. Even though we are restricted in how we go about it, we have transacted real property throughout the pandemic shutdown within the parameters of viral quarantine. You can still buy or sell a house.

The Facts
People are listing their homes for sale every day. Lawrence Yun, chief economist for the National Association of Realtors estimated this spring would see a 10% drop in home sales. Ten percent is a big number nationally. But the Hudson Valley is uniquely positioned to be highly sought after by New York City buyers looking for a way out of the city, either temporarily or permanently.

Besides that, a 10% loss means that 90% of transactions which would have happened without the shutdown will still happen. Why? Because the real estate industry is adapting to the new normal. More agencies are following our lead to market properties virtually, conducting remote meetings and closing using digital technology, and allowing service providers such as title companies and lenders to conduct paperless transactions.

Two Factors
Admittedly, some agents have seen reduced activity among buyers. But when one steps back, it reduces the competition for buyers still in the process, and lowers the chances of bidding wars. Secondly, even though mortgage interest rates are at their lowest ever, lenders are anxious to fund mortgages. If you listed your home and it failed to sell in the past, this is a great time to get back into the Hudson Valley real estate market.

We need to take the coronavirus situation seriously. But if you need to buy or sell a home, you still have options. Use our SEARCH site to find your next home, or CONTACT US to talk about how we can market your home differently.


  hudson valley real estate, hudson valley home, buying a home, hudson valley home sellers, 'urb to 'burb, selling your home, housing sales inventory, mortgage rates, first time home buyer, mortgage, bidding war, the economy

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
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