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Home Investment | From 'Urb to 'Burb Blog

Monday, January 27, 2020   /   by Vanessa Saunders

A long line of young people are shopping for a house in the Hudson Valley just like yours.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
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If you're a Hudson Valley home owner, you have the opportunity to sell your existing house now and move up into a new one, or downsize into a home that better fits your current and ever-changing needs. There is a significant demand for existing homes right now. The percentage of all buyers who will be first-time buyers looking to purchase a home grew from 58% in the fourth quarter of 2018 to 63% in the fourth quarter of 2019. 

Who is buying.
Millennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time buyers:  88% of Gen Z buyers and 78% of Millennial buyers are reaching out to home ownership for the first time in their lives. 

When are they shopping?
With a high demand from first-time home buyers and a shortage of inventory i ...

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Wednesday, January 22, 2020   /   by Vanessa Saunders

How Low Can It Go? Is now a smart time to re-finance your mortgage?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Interest rates are at a near record low. A lot of home owners, 63% to be accurate, are considering re-financing to lower their rates. Look at the numbers to determine if this a good time for you to do a re-fi.

According to Freddie Mac, the Mortgage Bankers Association has the current average 30 year fixed rate at 3.65%, a full point below January last year. But before you go scampering down to find a friendly lender to fork over some cash, look at the costs you'll be paying and decide if it makes sense.

How much does it cost to re-finance your home loan?
The cost to refinance is between 2-5% of loan amount. That means, if you're currently borrowing $200,000, it will cost $4,000 to $10,000 to get the mortgage refinanced. You should figure out how much the new rate will save you and how long before you've break even with the added cost of the re-fi and decide if it is reasonable to make that change. (There ...

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Monday, January 20, 2020   /   by Vanessa Saunders

Why you can't afford to fall into the rental trap.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of home ownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:






It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!







There is a long-standing rule that a household should not spend more than 28% of its income on housing ...

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Monday, January 6, 2020   /   by Vanessa Saunders

How S.A.L.T. shook up Hudson Valley real estate in 2019.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems,

When the ball at Times Square dropped to announce 2019 last January, people in the real estate community were apprehensive about the upcoming twelve months. There was plenty to be worried about.  There was a serious drought of listing inventory in 2018, and it didn't look as if there was anything on the horizon promising to kick more homes on the market. New York and New Jersey had been battling back from ten years of recession, and mortgage rates had started to rise. Even the weather was against us.

Half-way through the year, the scenery hadn't changed much, but it had brightened slightly. One bit of good news was that interest rates dropped back into the threes. As of June 2019, the benchmark 30-year fixed-rate mortgage fell to 3.99 percent from 4.04 percent, according to Bankrate’s weekly survey of large lenders. The year before, it was 4.70 percent. 

But the 800-pound gorilla in the roo ...

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Tuesday, December 31, 2019   /   by Vanessa Saunders

Sellers take note: Ten features today's home buyers want most.

Kiplinger published some research recently after surveying home buyers and industry leaders about features they most want in a home. This info is of particular interest to home sellers considering whether to "upgrade" features in their home before they put it on the market. While cost to value ratios never increase the selling price enough to pay for the project, focusing on a few of these features where needed can help sell a home faster.







Laundry Room


Percentage of buyers who want this feature: 91%


Cost to install: $1,000 to $5,000 for a small-scale project


More than anything else, homeowners want a room other than the guest bedroom to stack all the clean laundry in until it finally gets put away. A separate laundry room tops the National Association of Home Builders' (NAHB) list of most-wanted home features by buyers.


Green Energy Efficient Appliances and Windows


Percentage of buyers who want this feature: 89%


Cost to install: Varies ...

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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.