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Executive Homes | From 'Urb to 'Burb Blog

Tuesday, January 14, 2020   /   by Vanessa Saunders

There's a surprise inside half the condos in those skinny luxury Manhattan towers.

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


You know all those ultra-slender, ultra-fancy tower condominiums that have been popping up out of the Manhattan concrete since 2015? Next time you look at one, bear in mind that half the condos in them are empty. Surprise! No buyers, according to Nancy Packes Data Services. The other half are probably Starbucks that have gone vertical. 

The reason for all the empty rooms over Manhattan: a combination of overly aggressive pricing and a growing public disdain for the skyline-disrupting mansions in the clouds. But really, it's all about pricing.

Comparing the prices of new development units to resale units over the last decade tells the story. In 2012, new units sold for a 22% higher prices than resale units. At the end of last year, the premium was 118%. 

Nancy Packes lists three reasons for the “extraordinary oddity of the current cycle. ”  

According to Packes, buil ...

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  westchester county, manhattan, executive homes, house pricing, manhattan real estate, westchester home for sale, manhattan coop, central park west, condos, westchester condo, coops, manhattan skyline

Monday, January 6, 2020   /   by Vanessa Saunders

How S.A.L.T. shook up Hudson Valley real estate in 2019.

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

When the ball at Times Square dropped to announce 2019 last January, people in the real estate community were apprehensive about the upcoming twelve months. There was plenty to be worried about.  There was a serious drought of listing inventory in 2018, and it didn't look as if there was anything on the horizon promising to kick more homes on the market. New York and New Jersey had been battling back from ten years of recession, and mortgage rates had started to rise. Even the weather was against us.

Half-way through the year, the scenery hadn't changed much, but it had brightened slightly. One bit of good news was that interest rates dropped back into the threes. As of June 2019, the benchmark 30-year fixed-rate mortgage fell to 3.99 percent from 4.04 percent, according to Bankrate’s weekly survey of large lenders. The year before, it was 4.70 percent. 

But the 800-pound gorilla in the roo ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, hudson valley home owners, hudson valley home sellers, housing sales, orange county ny, 'urb to 'burb, rockland county, westchester county, ulster county, sullivan county, housing sales inventory, hudson valley house, manhattan, mortgage rates, dutchess, first time home buyer, executive homes, manhattan real estate

Tuesday, December 10, 2019   /   by Vanessa Saunders

Five things to consider before buying property abroad.

Do you have dreams of moving abroad? Maybe you plan to retire somewhere tropical where island breezes and warm sand are a part of every day living? Or perhaps finding a little bit of paradise overlooking Tuscan vineyards or Spanish olive groves for you to visit a few months out of the year? If you've ever thought of buying a little place of your own in another country, first you need to do some homework. Below are five things to consider when you plan your great escape.

1. How's the economy?
Moving overseas can be a good idea in an area with a low cost of living. But first, you should look into what it costs to live in paradise. Analysis by experts is available from the World Population Review's website . Plan ahead and budget accordingly.

2. Foreign Property Ownership Laws
Not every country allows just anybody to own real property like the United States. According to financial consulting firm SmartAsset, "Even if the country you’re interested in allows foreigners ...

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  home investment, buying a home, 'urb to 'burb, selling your home, executive homes, vacation property, retirement, global investment properties, international properties, international real estate, we sell italy, italy, new global property system local area specialists

Tuesday, December 3, 2019   /   by Vanessa Saunders

Nine Bahamian islands to drool over on a snowy day.

There are six inches of freshly fallen snow on the walk to my front door. What better reason to write about the nine Bahamian islands recently listed for sale and prime candidates for winter dreaming!

Located 70 miles off the coast of Florida, the set of nine islands was last owned by the late billionaire coal entrepreneur Chris Cline. Cline died in a plane accident during a flight back from the islands in July.

Cline’s estate is now selling off the island estate, which is comprised of 277 acres as part of the larger Bahamian Abaco Islands. Prior to Cline, the island paradise was owned by Robert H. Abplanalp, a close associate of President Richard Nixon.

The property has a mid-century modern style main building with 4 bedrooms and 5 bathrooms, a salt-water swimming pool, deep-water dock, caretakers’ quarters and a  seaplane ramp. Other amenities include a gym, tennis courts, basketball court, professional kitchen all powered by it's own electrical generator ...

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  buying a home, 'urb to 'burb, executive homes, vacation property, global investment properties, international properties

Monday, November 18, 2019   /   by Vanessa Saunders

JUST SOLD! The largest sale ever closed in Ulster County!

250-WHITE-DUCK-JUST-SOLD-canva.png
Global Property Systems helped our International Buyers find this gorgeous 240 acre property with Farm House along the Wallkill River with views of the Shawangunk Ridge- Mohonk Mountain Preserve.

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, hudson valley home sellers, ulster county, hudson valley house, hudson valley living, executive homes, just sold, international real estate

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

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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.