Tuesday, March 10, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
The Coronavirus (COVID-19) has caused massive global uncertainty, including what we call the Corona Crash, (not to be confused with a Cinco de Mayo hangover) the global stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families in the Hudson Valley and around the world.
With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?
The National Association of Realtors (NAR) anticipates:
“At the very least, the coronavirus could cause some people to put home sales on hold.”
While this is an understandable approach, it is important to balance that with how it may end up costing you in the long run. If you’re considering buying or selling a home, it is key to educate yourself so that you c ...
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Tuesday, February 25, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Morgan Housel, a partner at Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal has compiled a list of "100 Little Ideas" that help to explain how the world works; In reading them over, I found a lot of them apply to the upcoming election in general, and tonight's Democratic Party debate in particular. For example, we might experience the candidates practicing Courtesy Bias: "Giving opinions that are likely to offend people the least, rather than what they actually believe."
Another tactic we may see is called Poisoning the Well: Presenting irrelevant adverse information about someone in a way that makes everything else that person says seem untrustworthy. “Before you hear my opponent’s healthcare plan, let me remind you that he got a DUI in college.”
Or how about the unfortunately named Buridan’s Ass: A thirsty donkey is placed exactly midway bet ...
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Tuesday, February 18, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.
As a global real estate marketing brokerage, we here at Global Property Systems keep an eye on international news and world concerns. Because many of our clients are from abroad, their worries are our worries. Few people realize that troubles such as unrest in the Middle East or the spread of the coronavirus in Asia actually have an effect on markets and real estate investments in the United States.
Surprisingly, in the midst of all this seeming chaos and bad news, one sector that improves with bad news is real estate.
Mark Fleming, the chief economist for First American Financial Corporation said in a recent report:
“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense ...
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Wednesday, February 12, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.
The Chinese Coronavirus has been all over the news lately, causing anxiety and worry on both sides of the globe. China used to be a big player in New York real estate investing, but Chinese buyers have all but disappeared. The virus, which has led to over a thousand deaths to date with more reported each day, is just another blow to the market.
A report from Cushman & Wakefield noted the first beginnings of a “frenzy of disposal activity” among Chinese commercial real estate investors in the United States. In 2018, there were 37 property acquisitions by Chinese buyers worth $2.3 billion, but $3.1 billion of commercial real estate was sold off. The report said that the treatment of Chinese conglomerate Healthcare Networks of America and tough trade talk made Chinese investors feel unwelcome.
Chinese investors are also showing less appetite for residential real estate in the United States. ...
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Wednesday, January 29, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Are you thinking about taking out a mortgage to purchase a rental condo in that hot new neighborhood across town? Has a co-worker you know funded their summer vacations with a dedicated AirBnB? Would you like to set up your own, and do you see yourself owning a commercial property? In other words, are you ready to become a landlord?
Before you become personally responsible for decisions that will impact the success of your investment, consider the following questions before you jump into that landlord suit.
1. How much money do you need to get started?
Buying a property directly — land, building and all — either for rental or resale can be an expensive prospect. Plus, many such projects involve some improvement work, renovations and repairs. And don't forget ongoing costs, including property taxes, insurance and mortgage insurance.
2. Should you take on a debt position in your purchase, or d ...
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