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Financing | From Urb to Burb and Beyond Blog

Tuesday, January 19, 2021   /   by Vanessa Saunders

Mortgage forbearance payback hell!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com
Over the past few weeks, I have been speaking to many people who are concerned about the end of their post-Covid19 forbearance time. Those struggling to pay their mortgages due to the consequences of Covid19, be they parents who can’t work because they need to be at home with their children homeschooling, or the many whose jobs just fizzled out and don’t appear to be coming back because their employers have shut up shop - unable to pay their own bills. Now tax time is adding to the misery for those who don’t have their taxes prorated into their mortgages. The majority of the people I speak to are seeing their savings dwindle as the pandemic continues. Everyone is concerned that their flow of money has all but dried up, and wonder how long it will take the economy to get back on its feet.
The homeowners I have spoken to were all relieved the lifel. ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, pandemic, financing, mortgage, lending, forbearance, forclosure, covid 19, ppp loans

Monday, December 28, 2020   /   by Vanessa Saunders

When 2020 has left the building, what's next?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As we get ready to shuffle 2020 out the door, about the only thing missing from our New Year’s Eve plans is optimism for the coming new year. It's not surprising a mood of "good riddance" seems to sum up the national attitude about the year 2020. After all, we've faced a global pandemic, social unrest, an economic downturn, a lame-duck president and natural disasters. It even rained on Christmas. The year has driven many homeowners to reconsider their home spaces, where to live and what to live in to cope during 2021.
That said, we do have some things going for us. Here are three things we can be optimistic about.
The U.S. economy is still strong.
Even though independent businesses, especially in the service sector, are struggling, the markets have made impressive gains from last spring. There is nothing fundamentally wrong with the economy. There is no “bubble” driving excessive ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley home sellers, housing sales, housing sales inventory, pandemic, financing, the economy, the future of real estate, health crisis

Monday, December 14, 2020   /   by Vanessa Saunders

How will a Covid-19 vaccine affect the Hudson Valley housing market?

Photo by Brennan Ehrhardt on Unsplash
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
On the day Pfizer’s approved Covid-19 vaccine hits it’s first American arm, it seems like a good idea to consider what this historic moment’s effect on real estate may be. When the virus reached the United States earlier this year, people were worried that it could devastate the country’s real estate market. For a while, as people got used to using PPEs and stayed home to avoid getting sick, things ground to a halt. But a few months later, people were scrambling to buy a home. Buyers flooded the housing market.
Now that the end of the pandemic seems to be in sight, the news has improved the industry's' spirits yet again. While the end of the pandemic won’t instantly generate a glut of homes on the market to relieve the inventory gap, it should have a significant effect on mortgage rates.
Economists agree that forecasting mortgage ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, home investment, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, first time home buyer, mortgage process, pandemic, financing, mortgage, the economy

Monday, December 7, 2020   /   by Vanessa Saunders

False Optimism in Real Estate

Being in real estate, you might say I’m an optimistic person. Even though current world events terrify me, pessimism isn’t something that comes naturally to me. Even my company’s theme song is “Always look on the bright side of life!*” I’m naturally enthusiastic, my clients, fellow Realtors, and even my husband often tell me. However, enthusiasm can so easily morph into optimism, and optimism, especially in the current real estate market, can quickly become downright dishonest.
In real estate, if your client is naive, desperate, or just plain greedy, it’s easy to be tempted into (real estate terminology alert here,) a “puffing*” scenario. This is where the players “elaborate” on the truth. In this case, I’m talking about property value. But, being the consummate professional that you are, and I’m talking to my peers here, YOU really wouldn’t stoop to that level. Would you? No! To do so would not only b. ...

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  buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, why work with a realtor, sales strategies, financing, house pricing, new listing, negotiating price

Friday, September 18, 2020   /   by Vanessa Saunders

Don't be shocked by your mortgage closing costs!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

According to a recent survey conducted by ClosingCorp, over half of all home buyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat home buyers, the results revealed that 17% of home buyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected. “Home buyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”

According to Barry Goldenberg, Senior Loan Originator for Luxury Mortgage:

"Closing costs are fees and expenses paid by the buyer to the lender or third-party servicers such as title companies and attorneys who are part of the process of closing on a home. Closing costs can be rolled in with the mortgage loan, or paid up front. These costs can be from. ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, first time home buyer, mortgage process, financing, mortgage, lending

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 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.

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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.
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