Thursday, March 18, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Yesterday, I posted a BLOG about a six bedroom three bathroom home on eight acres in Red Hook that listed for $489,000 and ended up selling for $700,000. If that impressed you, you'll be excited to learn that today, a STORY on the Associated Press newswire reported a single Chinese bowl that was purchased in a yard sale by an "antiques enthusiast" for $35 sold at auction in Hartford, CT for $722,000! Talk about a great return on investment!
That's a 2,062% profit!
It always surprises me what some people would rather have than money.
If you are interested in selling your house in the Hudson Valley during this extraordinary real estate market (or swap it for a rare Chinese bowl) contact Global Property Systems Real Estate. ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley living, bidding wars
Tuesday, March 9, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As more and more Baby Boomers age, many are turning to assisted living to see them through their "golden years." But the costs of eldercare programs and nursing homes are skyrocketing. In many cases, it may actually be more cost effective for children of elderly parents to buy them a house instead of putting them in a nursing home. Even in conjunction with in-home nursing visits, it can be more affordable (not to mention more comfortable) for them to live in a conventional house than a nursing home. For that reason, some children of elderly parents are considering buying them a house instead.
Until recently, the problem with this solution is that because the children financing the home aren't owner-occupiers, they would need to buy the property as a second home or an investment property in order to secure a mortgage. Inconveniently, to qualify, second homes need to be 50 to 100 miles away from the b; ...
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hudson valley real estate, hudson valley home, 'urb to 'burb, buying a home, home investment, hudson valley home owners, senior citizens
Tuesday, January 26, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Considering the number of people we’ve encountered recently who are speculating on where the real estate market will go in 2021, it probably should be designated an Olympic sport. One thing’s for sure. The financial pressures we are experiencing today are felt by not just homeowners, investors but lenders as well.
The last time this happened was 2007, when the market crashed and many homeowners were “under water” with mortgages carrying negative equities. For those predicting the market these days, now may look like another 2007, but this time, it’s different. Real estate still remains strong. Property values have gone up and seem to keep rising, and there are many fewer properties with negative equity.
Still, many Americans have lost jobs, and subsequently lost their ability to keep current on their debts: consumer debt, car loans, school loans, etc. as well as mortga ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, home investment, hudson valley home owners, the economy, health crisis, forbearance, forclosure
Tuesday, January 12, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you have any plans of selling your house in the upcoming year, there are two very compelling reasons to do it sooner rather than later:
1. Right now, Hudson Valley real estate is in a phenomenally strong seller's market.
2. This thing won’t last forever.
There. That’s your warning.
The reasons this unusual situation exists are many, and we’ve discussed them here many times. If you’re a seller, you don’t need to know the reasons. Just get your house on the market. NOW.
Lawrence Yun, Chief Economist for the National Association of Realtors wrote recently about how quickly homes are selling right now, further confirming the benefits to sellers: Yun says, “The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates.” ...
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hudson valley real estate, hudson valley home, 'urb to 'burb, buying a home, home investment, housing sales inventory, first time home buyer, pandemic, vacation property, forbearance, forclosure, finding forclosurehomes
Friday, January 8, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
For some reason, in 2020 I came across more hoarder houses in the Hudson Valley than I have in my entire 20-year real estate career. Maybe it's due to depression caused by Covid-19 lockdowns, people's lack of social contact or all the uncertainties that we have been through during the last year. Perhaps some people find comfort in having their "stuff" around, even though it creates unpleasant situations (to others) and often dangerous living conditions which can become life-threatening.
I usually run across hoarders because family members need to get the hoarder into a better living arrangement and need to sell the house to finance it. Others have inherited a hoarder house after the relative living in it has passed. Whatever the reason, hoarder houses present an entirely different set of challenges than day-to-day real estate.
Hoarding as a psychological disorder.
According to the US National Libr; ...
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hudson valley real estate, hudson valley property, 'urb to 'burb, home investment, selling your home, sales strategies, hoarder houses
