Friday, July 31, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com
The consequences of having a sellers market during a severe housing shortage has caused some crazy things to happen in the world of real estate. Yesterday, I had a client offer to buy a property "As Is." The buyer did it to strengthen his offer without raising his offer price. I had to explain the ramifications of such a decision.
Buying "As is" means, obviously, that whatever may be wrong with a house, the buyer is willing to accept the house without it being contingent on a good inspection. "As is" homes are increasingly popping up for sale on the market. Often, they are priced lower than other similar properties and as such, are tempting targets for buyers looking for a unicorn - a perfectly good house being sold at a bargain price. Like unicorns, the existence of such homes is mostly fantasy.
When sellers list their homes "As is," there's usually a reason. ...
Read More
hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home sellers, selling your home, first time home buyer
Wednesday, July 8, 2020 / by Vanessa Saunders
[caption id="attachment_27569" align="aligncenter" width="960"] What's your post-Covid home like? A solar powered Jetson's home in the clouds with his'n hers Zoom rooms? Tell us!
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
We'd like to know how your housing needs have changed recently and what you plan on doing about it. The lifestyles of many many people have been altered significantly by pandemic rules. The home you own may not be as accommodating as it once was - its size, layout and location may no longer "fit."
Think about how the the Covid-19 pandemic has changed your idea of a functional home. For example, are you struggling with school aged kids and find yourself needing extra room for your suddenly always-at-home family? Are you trying to figure out a place to home-school the kids in your existing home?
Have you discovered that working from home is more productive than you thought? Can a different home setup allow you to somehow keep ...
Read More
hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, 'urb to 'burb, hudson valley living, pandemic, health crisis, saving the world
Tuesday, July 7, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I wrote a blog yesterday about how mortgage loan interest rates set a new all time low record last week. The story we told was about how such attractive financing, paired with the low number of homes for sale in the Hudson Valley and a predicted up-tick in home prices this season should be great news for sellers. We forgot one thing.
Low mortgage rates are also great news for buyers. Even first time buyers. Here's why.
Home prices may be heading for a rise right now, but buyers can offset paying a little extra for a home by the astonishing amount they'll save by financing now.
What many people often forget when they decide to buy is that the price they agree to pay for a house at contract isn't how much they'll actually pay. Leaving aside taxes and other ancillary home ownership expenses, what they actually pay is the amount they'll borrow for the home AND the interest they'll pay on their mortg ...
Read More
hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, mortgage rates, first time home buyer, financing, mortgage
Monday, July 6, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
It's happened again. Mortgage rates have eased down another few points to hit a new all-time low. According to Freddie Mac's latest figures, released July 3, the average rate for a 30 year fixed rate mortgage came in at 3.07%. The previous low (which Thursday's beat) was 3.13%. Last year at this time, the rate was 3.75%.
Sam Khater, Freddie Mac’s chief economist, said in a statement, “Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year.On the economic front, incoming data suggest the rebound in economic activity has paused in the last couple of weeks with modest declines in consumer spending and a pullback in purchase activity.”
Equally unheard-of, Freddie put the 15-year fixed-rate mortgage average at 2.56 percent, down slightly from last week’s 2.59 percent, beat ...
Read More
hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, 'urb to 'burb, housing sales inventory, mortgage rates
Friday, July 3, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Do you fancy investing in a group of vacation villas in Phuket? Or a particular prime piece of residential real estate in London, and have your investment protected by blockchain technology? London Chelsea Limited, a UK investment firm, has partnered with SolidBlock to offer one of the first digital asset funds that invests in real estate, announced Crowdfund Insider on Monday.
London Chelsea advises on the buying and selling of residential investment properties in London and the Home Counties. Its partner, SolidBlock, is a primary issuance platform that intends to facilitate the tokenization of assets which can then be traded on an exchange or alternative trading system (ATS). This is the first digital asset to be offered as a security in the UK facilitated by SolidBlock.
What all of that gives to an investor is the ability to buy into a cross-border residential real-estate investment ...
Read More
hudson valley real estate, hudson valley property, buying a home, home investment, 'urb to 'burb, blockchain, new technology, cryptocurrency, thailand
