Thursday, October 29, 2020 / by Vanessa Saunders
[caption id="attachment_28399" align="alignright" width="768"]
This ancient home boiler is enough to scare off the bravest buyer.
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
[caption id="attachment_28399" align="alignright" width="768"] This ancient home boiler is enough to scare off the heartiest buyer.[/caption]
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
A home inspection is one of the last hurdles that buyers and sellers have to get through before a property in New York goes to contract. It’s also one of the most important. The inspection is a buyer’s final chance to identify any problems with the home that they’re investing in, including areas that are in need of repair.
Under New York state law, a seller is obligated to pay for certain repairs after a home inspection. Even if the property was listed “As IS” Sellers are required to fix such things as mold. ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, sales strategies, making an offer on a house, home inspections, ny, negotiating price
Tuesday, September 22, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Underground heating oil tanks can be a major issue for home buyers. Tanks that are no longer in use can be ticking time bombs for home owners. If you should ever decide to sell your home, a bank or the buyer will likely ask for an environmental assessment or the removal of an underground oil tank. Home buyers are now routinely being advised by their lawyers and home-inspectors to exercise caution when buying a house with an underground storage tank (UST) and perhaps even insisting that the tank be removed or abandoned before sale.
The reason? It’s better to be safe than sorry.
If you plan to sell your home in the future, underground oil tanks are arguably #1 on the list of “Biggest Potential Buyer Turn-offs” because whoever buys the home takes on liability for the tank and any damages it may have caused over the years. New York requires all USTs be emptied, cleaned, and rid of all ...
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hudson valley real estate, hudson valley property, hudson valley home owners, selling your home, home inspections, buried oil tanks
Thursday, July 23, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The Hudson Valley real estate market has changed dramatically in the last four months. The effect of the coronavirus pandemic has put much of the business of buying and selling homes on hold. For buyers, it has tightened the mortgage market, restricted the inventory, and made traditional means of transactions meaningless. Right now, the competition for homes is hot in the Hudson Valley, and buyers need to prepare themselves.
Here are 6 ways home buyers can give themselves a competitive advantage in getting a house.
1. Select a good mortgage lender.
(Due to the Coronavirus outbreak, obtaining a mortgage may be a bit of a challenge. Lenders are dealing with demand and staffing issues.) Finding a mortgage lender involves more than just getting a good interest rate; you want to work with the best mortgage companies, staffed by professionals who will guide you through the process. Barry Goldenberg of L. ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, housing sales, housing sales inventory, hudson valley house, pandemic, bidding war, home inspections, the future of real estate, condos, new global property system local area specialists, coops
Monday, July 13, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As people anticipate an economic recovery this summer, more home buyers are actively entering the Hudson Valley housing market. What some buyers will be surprised to discover in this seller's market is that unlike the last recession, prices are rising, not falling. The difference this time is the severe shortage of homes for sale. Buyers should expect and be prepared for getting into bidding wars when they make an offer on a property. As bidding wars go, there are going to be more losers than winners. As a buyer, you should be prepared for the battle. Here are some ways to get an edge over other buyers that do not involve upping your price.
Be ready with your pre-approval paperwork.
Sellers want strong offers from strong buyers, buyers who are prepared to see a contract through to closing. Show you are serious by having a pre-approval letter from your lender. (Not just "pre-qualified." There is a h. ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, why work with a realtor, first time home buyer, financing, home inspections, bidding war
Thursday, July 2, 2020 / by Vanessa Saunders
It's a seller's market today in Hudson Valley real estate. This season, an unexpected crop of buyers are rushing north to find permanent residences, or vacation homes outside New York City. So there are relatively few homes for sale, and droves of buyers getting into bidding wars over properties that until now have lingered for months or years unnoticed on the market. When buyers with FHA loan pre-qualification make an offer, as we say in the UK, "they haven't an earthly" chance.
Why do FHA loans get the bum's rush when going up against bidders bringing their higher and best offers? Below are five circumstances we see every day where sellers would be wise to favor an offer with conventional or cash financing over FHA at a higher price.
A low appraisal
Lender's use independent appraisers to determine the value of every property they finance. If a home appraises for less than the buyer and seller agree upon, and the offer is backed by FHA with a minimum down payment, the buyer is as. ...
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hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, housing sales inventory, making an offer on a house, sales strategies, credit scores, home inspections, the economy
