Wednesday, March 3, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
A study of Americans fleeing the big cities last year found that Philadelphia and Miami were the top two choices of New Yorkers who left the Big Apple. But a surprising player in the relocation rush was Poughkeepsie, which came in third. The survey, by StreetLight Data, a transportation analytics firm, looked at migration out of the country's top ten metro areas and found that Poughkeepsie ranked eighth most popular relocation destination in the nation, up from 17th last year.
Like many Americans who relocated last year, Poughkeepsie's new residents were seeking smaller communities that offered both urban conveniences but with rural/suburban outdoor space. After living in cramped high-rise apartments and quarantined indoors for most of 2020, the thought of having a back yard to relax in or a quiet neighborhood to walk the dog in has made it hard to resist moving to communities in the Hudson Valley.
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Thursday, October 1, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Have you been thinking about selling your house and moving, maybe to somewhere closer to family, or away from the urban and into the suburban? Has the last six months we’ve all spent at home made you aware that you need more space. Or less? Selling your home this fall might be the way to go. Here are a three reasons why.
The market is extremely active.
Buyers are on the move right now. Buyer traffic has gone up by over 60% compared to last year. Homes are in demand right now in the Hudson Valley, and buyers are often competing over who can make the best offer. It’s called a Seller’s Market, and it means home seller have the upper hand.
Not enough homes for buyers.
The reason it’s a seller's market is because there aren’t enough homes to satisfy the number of buyers looking for them. Partly because of the Covid-19 pandemic, many homeowners were reluctant to list their h. ...
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Monday, August 24, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
1. Now is a great time to sell because of pent-up buyer demand and a later-than-usual hot market.
The Hudson Valley real estate season got a late start this year due to Governor Cuomo’s March shutdown and the onset of Covid-19 precautionary measures. But figures show sales are up, and buyer interest is booming, as people searching for homes scramble for the relatively few properties on the market.
2. Now is a great time to sell because low inventory will make some homes more desirable, even if they don’t have all of the latest and greatest upgrades. Buyers don’t have a lot of choices right now, so homes that may not have all the bells and whistles are starting to look pretty good to motivated buyers. We are also seeing more buyers than usual offer to waive inspection contingencies, which means they are willing to accept “as is” condition.
3. Now is a great time to. ...
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Friday, July 17, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you're thinking about selling your home but don't like the idea of having home improvement workers in your house during Covid, you're not alone. But based on the number of closings we've been seeing, Hudson Valley home owners are still putting their homes on the market. Many are wisely taking advantage of the current real estate market - we are in an unprecedented and rare "seller's market," with little competition and buyers snapping up everything in sight.
So what projects can you do yourself to spruce up the homestead before listing it for sale? Here's four to get you started that will add a lot of appeal to your home, and also not break the bank.
1. Do a little gardening.
What's not to like about a little yard work, outdoors in the fresh, clean air? It's an easy and inexpensive way to add curb appeal for that all important first impression. A neat and tidy yard not only has an aesthetic a. ...
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Monday, January 27, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
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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. ...
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