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House Pricing | From Urb to Burb and Beyond Blog

Wednesday, March 17, 2021   /   by Vanessa Saunders

They paid HOW MUCH for that?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you watched the Hudson Valley real estate market in 2020, you’ve probably heard of some crazy things happening. Bidding wars, houses sold for all cash, buyers releasing all contingencies and homes going for WAAAY over asking price. Well here’s the latest contender for craziest Hudson Valley real estate deal this year.
An unassuming colonial home (PHOTOS) was reported by the Albany Times Union newspaper to have sold for the highest percentage over asking price ever in Dutchess County. Located in Red Hook, the property has six bedrooms, three full baths and is just over 3,000 square feet. It’s on an eight acre wooded lot and features an outdoor swimming pool and patio.
The sellers used a particularly unorthodox strategy for landing that whopper of an offer on this 1840’s home. According to the Times Union, the seller did not accept any offers on the home for the f ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home sellers, housing sales, selling your home, hudson valley house, first time home buyer, sales strategies, upstate ny, house pricing, bidding war

Monday, December 7, 2020   /   by Vanessa Saunders

False Optimism in Real Estate

Being in real estate, you might say I’m an optimistic person. Even though current world events terrify me, pessimism isn’t something that comes naturally to me. Even my company’s theme song is “Always look on the bright side of life!*” I’m naturally enthusiastic, my clients, fellow Realtors, and even my husband often tell me. However, enthusiasm can so easily morph into optimism, and optimism, especially in the current real estate market, can quickly become downright dishonest.
In real estate, if your client is naive, desperate, or just plain greedy, it’s easy to be tempted into (real estate terminology alert here,) a “puffing*” scenario. This is where the players “elaborate” on the truth. In this case, I’m talking about property value. But, being the consummate professional that you are, and I’m talking to my peers here, YOU really wouldn’t stoop to that level. Would you? No! To do so would not only b. ...

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  buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, why work with a realtor, sales strategies, financing, house pricing, new listing, negotiating price

Wednesday, October 14, 2020   /   by Vanessa Saunders

Inventory? Shminventory! Where have all the homes for sale gone?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
There are those of us here at Global Property Systems who watch Hudson Valley real estate trends and track local housing market movements (because what we really need is a hobby!) We have been blogging on for months now about the climbing home prices and vanishing residential inventory in the Hudson Valley, known to normal people as "Homes For Sale." We typically attribute the lack of homes on the market to several causes:

Owners are waiting for their home's value to stop rising and top out.
Everyone is waiting for the Covid-19 pandemic to go away.
Sellers are waiting for the economy to get back into growth mode.

Whatever the reason, homeowners just aren’t choosing to move right now.
To make matters worse, there’s another reason to add to our bullet-point list to explain why homeowners are staying put:

Low interest rates.

How do historically low mortgage rates slow sales in. ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales inventory, house pricing

Wednesday, August 5, 2020   /   by Vanessa Saunders

Six reasons your house isn't selling in the Hudson Valley's hot sellers market.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you’ve listed your home to sell, and it’s had showings after showings with no offers, there must be a reason. In the current Hudson Valley’s hot seller’s market, even white elephants - homes that have been listed for months (even years!) are being snapped up by eager buyers. Some buyers are making ridiculous offers over listing price just to get their foot in the door.
The fact is, a home that isn't selling is actually costing the owner money. Statistically, a home that sells in the first 30 days on the market sells for the most amount of money. The longer a listing sits, the less it sells for. If a home has spent too many days on the market, this “stale” listing is often interpreted to be damaged goods, as buyers speculate that there is something wrong which made the property hard to sell to previous buyers.
So, you have a problem. Here are six of the most co" ...

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  hudson valley real estate, hudson valley home, hudson valley home owners, 'urb to 'burb, sales strategies, pandemic, house pricing, bidding war

Wednesday, July 29, 2020   /   by Vanessa Saunders

The "A" in Zillow stands for "Accuracy."

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

If you're using Zillow to find out what your house is worth, you won't get a very accurate price. After all the years Zillow has been "Zestimating" home values, it still hasn't got it right. Who should know this better than Realtors, who value homes every day? A new survey from real estate software firm W+R Studios indicates that very few Realtors use Zillow's "Zestimates" in preparing a Comparative Market Analysis for home pricing.

W+R Studios sent the survey to its 298,520 Cloud CMA agent and broker subscribers, of which 3,325 completed the survey. Survey respondents were from 46 states nationwide. The survey, which has a margin of error plus or minus 2 percent found that nearly two-thirds (62.4 percent) of survey respondents said they “seldom” or “never” include Zestimates in their CMA reports.

An even higher share of respondents, 67.8 percent, said. ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley home sellers, selling your home, hudson valley house, sales strategies, house pricing, zillow

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 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. ©2021 Mid-Hudson 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 One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc 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 One Key, 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.

©2021 One Key, 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.
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