Monday, January 27, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
If you're a Hudson Valley home owner, you have the opportunity to sell your existing house now and move up into a new one, or downsize into a home that better fits your current and ever-changing needs. There is a significant demand for existing homes right now. The percentage of all buyers who will be first-time buyers looking to purchase a home grew from 58% in the fourth quarter of 2018 to 63% in the fourth quarter of 2019.
Who is buying.
Millennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time buyers: 88% of Gen Z buyers and 78% of Millennial buyers are reaching out to home ownership for the first time in their lives.
When are they shopping?
With a high demand from first-time home buyers and a shortage of inventory i ...
Tuesday, December 31, 2019 / by Vanessa Saunders
This stylish townhouse condominium in "Country Village Heights" Just sold! It has a spacious living room with hardwood floors. kitchen and formal dining room have plenty of natural lighting, including sliding glass doors that lead to your own private deck facing your back yard. First floor half bath and two more upstairs in this charming two bedroom town home.
Looking for a place you can call your own? Visit our website at www.searchhomesinny.com and use our free home search engine that tells you exactly what's on the market in the area you want to live in.
Thursday, October 3, 2019 / by Vanessa Saunders
Two things are always true in a real estate transaction: The seller wants the best offer he can get for his property, and the buyer wants the best deal he can get for his money. Considering how antithical these two sides are, I'm sometimes amazed that real estate deals can come together at all. And real estate also includes a level of emotion not seen in other transactions. Sellers often come bearing an emotional connection with their home. How then, can a buyer make a "low ball" offer on a property without insulting the seller and squashing any chance for negotiations? Here are five things you'll need to know to get a low offer accepted.
1. Know your REALTOR®
A buyer's agent needs to use use their skills in convincing the listing agent why a low ball offer is good for his seller. The listing agent is the gatekeeper to the seller, and should also be their friend, confidant, therapist, and sounding board. That agent needs to be the focus in the negotiations when making the offer ...
Friday, July 12, 2019 / by Vanessa Saunders
So many times I see sellers trying to squeeze every penny out of the sale of their house but end up shortchanging themselves. Here are seven such circumstances that can be eliminated with a little foresight:
1. Cheaping out on remodeling.
Inferior finishes or cheap solutions to home decorating problems always come back to haunt sellers. Guilty parties include cheap laminate flooring, paint on grainy un-prepared surfaces, "faux" granite counter tops and Ikea kitchens. None will improve the selling price, and all will be seen by buyers as something they'll have to replace or re-do anyway.
2. Ignoring older systems.
Be it a struggling HVAC system, a saggy roof or a water heater as old as your youngest child, a seller will have to deal with these issues in one of three ways. They will receive no offers, they will receive offers reflective of these items that need to be replaced, or once the home inspection happens, the buyer will want to renegotiate the entire transaction. ...
Tuesday, July 2, 2019 / by Vanessa Saunders
Today's edition of the Journal News, a regional newspaper partnered with USA Today, featured a front page article about reverse mortgages. Using analysis from USA Today, the article shows how several lenders focused their reverse mortgage origination activities on largely black neighborhoods in big cities around the nation. The resulting wave of foreclosures triggered by reverse mortgages has been a crushing blow to the finances of families and relatives of the former-homeowners.
It’s hard to miss former movie stars touting the advantages of taking out a reverse mortgage, and many an elderly senior has been taken in by their seeming trustworthiness and honest demeanor. The appeal of staying put in their own familiar home, vs the upsetting prospect of moving is a large carrot to dangle in front of an insecure senior.
In the past 12 months I have experienced some terrible situations brought about by the reverse mortgage scenario, yet even whe ...