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Buying Vs Renting | From 'Urb to 'Burb Blog

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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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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Thursday, November 21, 2019   /   by Vanessa Saunders

Millennials: Have you used this one simple hack to buy a house?

Maybe some of you saw the CBS "Eye on Money" segment this morning about why Millennials aren't buying homes, and may not own a home in their lifetimes. (If you didn't you still can. Click HERE.) CBS Business Analyst and long time financial adviser Jill Schlesinger went over a litany of the reasons why Millennials can't find and buy a house, all of which we have addressed often in this space. She mentioned how Millennials can't afford the rising cost of houses, how they are burdened with huge student debt and how they can't find a suitable first home because of the lack of homes on the market. Admittedly, these are all serious problems. 

But maybe there's one solution Millennial home shoppers haven't tried. 

Get a good REALTOR®.

A REALTOR®, a trained professional, is in the business of matching up homes with buyers, and is committed to looking after the financial welfare and housing needs of their clients. But more than that, a good REALTOR® (and that is ...

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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 HGMLS. Real estate listings held by brokerage firms other than are marked with the HGMLS 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 Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, 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 Hudson Gateway 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 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 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.