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Buying Vs Renting | From 'Urb to 'Burb Blog

Friday, May 1, 2020   /   by Vanessa Saunders

How far will your stimulus package go?

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Electronic deposits of the stimulus package under the Coronavirus Aid, Relief and Economic Security (CARES) Act are showing up in people’s bank accounts daily. The U.S. government has started paying every tax paying citizen $1,200 as part of their plan to jump-start the American economy. No doubt a lot of people will put this money toward rent or mortgage payments. But how far will $1,200 go?
Surprisingly, pretty far. Over 75 percent of U.S. renters and almost 50 percent of homeowners could pay one month of housing expenses with $1,200. A recent study reported by Inman News selected the 50 largest metropolitan areas in the United States and ranked them by the percentage of homeowners who could pay all or most of their housing one-month mortgage payment plus utility costs with $1,200 or $2,400 (assuming some would be couples). They made rankings for renters in the same 50 cities.
According t ...

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  hudson valley real estate, hudson valley home, hudson valley home owners, 'urb to 'burb, buying vs renting, the economy, hudson valley rent

Friday, February 28, 2020   /   by Vanessa Saunders

This North Broadway top-floor apartment in Yonkers JUST SOLD!

This sun-filled top floor apartment on North Broadway in Yonkers has JUST SOLD, and the new owners are really going to love the NYC views and Hudson River sunsets in this conveniently located home.  


If you're considering buying or selling a property locally or globally, or need more information, CLICK HERE. 

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, westchester county, buying vs renting, first time home buyer, just sold, river views, nyc

Tuesday, February 11, 2020   /   by Vanessa Saunders

Sorry Michelle, No Refund For You!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Michelle, one of our admin staff, was overjoyed last week. A single mom, she'd just rented a lovely house that was close to work, big enough for her family, and in a great location overlooking a scenic park. The rent was affordable once she got through paying all the up front rental fees. On Wednesday, she was delighted to hear that her new landlord would be responsible for paying his own broker's fee. The state had just released a guidance statement on February 4 clarifying a new law, which was passed in last year's landmark rent regulations by the New York State Assembly.

The fee is usually one month's rent, to be split by the tenant's and landlord's agents. It is a substantial payment typically paid by tenants before they can move in, and it goes on top of a security deposit, and often first and last month's rent which must also be paid up front. The department’s ruling, however, flipped that relati ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, why work with a realtor, buying vs renting

Thursday, February 6, 2020   /   by Vanessa Saunders

Landlords now must pay real estate broker fees. Good news or bad for tenants?

Because of new rental restrictions in New York, landlords must pay the fees of their brokers instead of requiring tenants to pay up front. At first, this sounds like good news for tenants, but critics say landlords will skirt the law simply by raising rents to compensate for the added expense of a broker. 

Tenants hiring a broker to find rental properties for them will still be responsible for the broker's commission. 
For more information, click HERE to view the CBS2 New York news segment aired on the eleven o'clock news, Wednesday, February 5, 2020.

If you're considering renting, buying or selling a property locally or globally, or need more information, CLICK HERE.

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  westchester county, manhattan, buying vs renting, manhattan real estate, condos, rental available, rentals

Monday, January 20, 2020   /   by Vanessa Saunders

Why you can't afford to fall into the rental trap.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of home ownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:






It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!







There is a long-standing rule that a household should not spend more than 28% of its income on housing ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, hudson valley home owners, orange county ny, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, buying vs renting, first time home buyer, down payment, hudson valley rent, rentals

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

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.