Thursday, March 18, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Yesterday, I posted a BLOG about a six bedroom three bathroom home on eight acres in Red Hook that listed for $489,000 and ended up selling for $700,000. If that impressed you, you'll be excited to learn that today, a STORY on the Associated Press newswire reported a single Chinese bowl that was purchased in a yard sale by an "antiques enthusiast" for $35 sold at auction in Hartford, CT for $722,000! Talk about a great return on investment!
That's a 2,062% profit!
It always surprises me what some people would rather have than money.
If you are interested in selling your house in the Hudson Valley during this extraordinary real estate market (or swap it for a rare Chinese bowl) contact Global Property Systems Real Estate. ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley living, bidding wars
Tuesday, March 16, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
We’ve talked a lot in this blog about the seller’s market currently driving Hudson Valley real estate sales. With so few homes for sale (inventory) and so many buyers competing for them, it takes a well prepared buyer to stand out from the crowd. The following tips will help you make a confident and informed offer, while avoiding some of the most common pitfalls.
Don’t buy based on emotions.
Buying a home is a business deal, not a love affair. Yes, you should “fall in love” with the home you finally select, but don’t ignore red flags that signal trouble ahead. Rely on your Realtor to be the voice of reason. After all, it’s as much their job to tell you what’s wrong with a house as it is to point out what checks all your boxes.
Get a mortgage pre-approval.
Having an agreement with your lender that you are already approved for a mortgage up to a certa. ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home sellers, housing sales inventory, hudson valley house, first time home buyer, making an offer on a house, bidding wars
Wednesday, September 30, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I took a listing last weekend for a lovely three bedroom home in the Mid-Hudson Valley. It had been on the market for six months and had little interest. There was nothing wrong with the house, it was up to date, tastefully done and in a desirable location. What was wrong was the price.
The agent who listed it before me knowingly priced it $100,000 over its market value. The owner told me his reasoning was that “The market right now is really hot! Price it high and it will sell.”
It didn’t. As a matter of fact, it didn’t get one showing in six months. Other agents in the area knew how overpriced it was, and either didn’t bother suggesting it to their buyers, or showed their clients how much it was overpriced compared to similar properties.
Pricing a house can be tricky, especially if it is unusual (in either a bad or good way) or if there are few similar homes to comp. ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home sellers, selling your home, sales strategies, bidding war, bidding wars
Wednesday, September 16, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you’re hoping to buy a home in the Hudson Valley these days, you’d better have all your ducks in a row. By that we mean you need to prepare your offer to make it stand out among all the other offers you may be competing with. The Hudson Valley real estate market has two things going on that make it a place where home-owners selling a primo house at a reasonable price can sit back and take their pick from the multiple offers coming in. First, there are relatively few homes for sale so buyers are competing for them. Second, buyers are taking advantage of phenomenally low mortgage interest rates. That combination means the seller is king.
But there are things buyers can do to get a seller to choose their offer over others, and they’re not all about price. Price is not always the most important factor, but do not offer less than listing price. Realize you may need to offer more th. ...
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hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, first time home buyer, making an offer on a house, bidding wars
Sunday, August 16, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Ask any Realtor in the Hudson Valley real estate market who’s sold a house recently if they’ve seen bidding wars between buyers and you’ll hear some horror stories. But nothing is as horrific as what’s going on in other parts of the country where supply and demand has blown the roof off bidding wars and made competing for homes a new kind of blood sport.
Inman News reported today that homes in California, the Los Angeles area in particular, are getting offers of six figures over asking price. Inman recounted the story of“a Los Angeles-area agent working with first time buyers who told how her clients eventually found a house they loved in L.A.’s Glassell Park neighborhood. The asking price was $799,000 for the two bedroom, one bath home “in need of“a little TLC”.
“We offered $80,000 over asking and I thought for sure we had it,” the . ...
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hudson valley real estate, hudson valley property, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, housing sales, bidding wars
