Friday, October 16, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
We blogged yesterday how homeowners with equity in their homes (Equity is an appreciation of value caused by either payments on principal or the increased market value of a property) has kept people from selling their home. We pointed out that homeowners who are choosing to sit rather than move are impacting the Hudson Valley real estate market by causing a lack of homes (real estate inventory) for sale. But don’t get us wrong. Equity isn’t always a bad thing.
Turns out it’s great for homeowners.
As average homeownership lengthens and home prices go up, equity, which is a form of forced savings, can be applied toward the purchase of a new home. A recent study by CoreLogic https://www.corelogic.com/insights-download/homeowner-equity-report.aspx
CoreLogic explains:
“Over the past 10 years, the equity position of homeowners has positively changed as a result of more than eigh ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales
Thursday, October 15, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The real estate business is one of the few bright points in our economy during the Covid-19 pandemic. With food services cut to 25% capacity, events and group entertainment shut down to all but ZOOM meetings, and retail activity limited to Amazon Prime, real estate is the one star continuing to shine growth numbers into the economic mix.
According to Mark Fleming, Chief Economist for First American, “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.” Which is why NOW is the time to put your home on the market.
The number of buyers looking for Hudson Valley properties is still strong. Instead of slackening in September and October. ShowingTime, a company we use which tr ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, hudson valley home owners, selling your home, sales strategies, pandemic
Tuesday, October 13, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
People realize it’s a hot real estate market and prices are sky-high at the moment. Some home owners feel they can stick a “For Sale By Owner” sign in the front yard, post a picture and description on Zillow’s listings pages, sit back and let the offers roll in. They’ll say, “We just want to see what we can get.”
What they’ll likely get is screwed.
Ask any agent who’s had a career of shepherding home sales from showing to closing and they’ll tell you of the pitfalls that await the unaware. Just what do sellers risk? Here’s the short list.
Getting the price wrong.
How in the world is a homeowner to know what his house is worth? He knows what he paid for it. He may know what some of his neighbors sold their homes for (“may” because not all his neighbors will admit the real price and costs involved.)
The homeowner lives i ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, for sale by owner
Monday, October 12, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The Covid-19 pandemic and its subsequent shutdown have created a new demographic of Americans: workers near to or turning 65 who are buying their retirement homes before they retire. Every day, 10,000 Americans turn 65. After being forced to work from home, many workers close to retirement age have realized they no longer need to make the commute to work, and can work just as effectively from a home office or spare bedroom.
Lawrence Yun, chief economist for the National Association of Realtors pointed out this trend recently in an interview on CNBC. He said, “The pandemic was unexpected, working from home was unexpected, but nonetheless many companies realized that workers can be just as productive working from home, We may begin to see a boost in people buying retirement homes before their retirement.”
If you’re looking for a retirement home, either now or some time in the near f ...
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hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, selling your home, pandemic, foreign citizenship, foreign residency, golden visas, living abroad
Wednesday, October 7, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Winter is an inevitable part of Hudson Valley living. Some years give us a break and are milder than others. Last season was one such "easy winter." That said, the odds favor a harder winter season this time around, so get ready for the cold and damp now. Here are seven ways you can batten down, cinch up, and insulate your home.
Getting your home comfortable for the winter months is DIY at its finest; from weather stripping your entryways to curing drafty windows, the tips below are need-to-know for homeowners of every skill level. In no particular order:
Maintain your furnace and HVAC system.
This is the annual time to change the filters on your forced-air heating system that you always forget. Filters help air quality, and also make your heating system run more efficiently. Put in new ones, and while you're at it, check around the house and unblock obstructions to vents like tables and furnitu ...
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hudson valley real estate, hudson valley home, home investment, 'urb to 'burb, hudson valley home owners, hudson valley living
