Sunday, February 16, 2020 / by Vanessa Saunders
If you're selling your home on your own (known in real estate as a "For Sale By Owner" or FSBO), you may be targeting your marketing at the wrong people.
Think about it. Planting a home-made sign in your front lawn reaches who? The answer is, anyone happening to drive by. You're playing a numbers game, hoping that one of those drivers is (a) looking for a new house, (b) has the money or credit to buy yours, (c) likes your house from what he can see at thirty miles an hour, and (d) remembers your phone number.
You'd have the same success if you just started butt dialing people.
Recent studies have shown that 95% of buyers search online for a home. Most real estate agents have an Internet strategy to promote the sale of your home. Do you have a marketing plan and are you executing it through a professionally designed web site?
Where did buyers find the home they actually purchased?
50% on the Internet
28% from a Real Estate Agent
7% from a yard sign
1% from n ...
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hudson valley real estate, hudson valley home, hudson valley home sellers, housing sales, sales strategies, for sale by owner
Friday, February 14, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
The success of the Hudson Valley residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market in New York, and together, they show that now is the best time in years to sell your Hudson Valley home:
1. Buyer demand is already extremely strong2. Housing supply is at a historically low level
Demand
ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index revealed how showings have increased in the Hudson Valley for the last five months in a row.
Supply
Move.com also just released info ...
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Thursday, February 13, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Real estate investment can be a lucrative venture, as well as a good way to add diversity to your current portfolio. Getting into the market can be as easy as buying a mutual fund. The best thing is, you don't need to be at the beck and call of tenants who need you to fix overflowing toilets or call in the exterminator.
Some advantages of real estate over other investments include:
Competitive Risk-Adjusted Returns.
High Tangible Asset Value.
Attractive and Stable Income Return.
Portfolio Diversification.
Inflation Hedging.
Real estate as an investment has the additional benefits of its ability to both increase in value as well as produce cash flows from rental income or mortgage interest.
Here are four ways to invest in real estate, ranging from low to high maintenance.
1. Real Estate Investment Trusts (REITs).
Pronounced REETs, these in ...
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hudson valley real estate, buying a home, home investment, 'urb to 'burb, housing sales, making an offer on a house, sales strategies, fabulous renovations
Wednesday, February 12, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.
The Chinese Coronavirus has been all over the news lately, causing anxiety and worry on both sides of the globe. China used to be a big player in New York real estate investing, but Chinese buyers have all but disappeared. The virus, which has led to over a thousand deaths to date with more reported each day, is just another blow to the market.
A report from Cushman & Wakefield noted the first beginnings of a “frenzy of disposal activity” among Chinese commercial real estate investors in the United States. In 2018, there were 37 property acquisitions by Chinese buyers worth $2.3 billion, but $3.1 billion of commercial real estate was sold off. The report said that the treatment of Chinese conglomerate Healthcare Networks of America and tough trade talk made Chinese investors feel unwelcome.
Chinese investors are also showing less appetite for residential real estate in the United States. ...
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hudson valley real estate, home investment, hudson valley home sellers, 'urb to 'burb, housing sales, westchester county, manhattan, executive homes, vacation property, global investment properties, international properties, international real estate
Tuesday, February 4, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
A study published in October of 2019 by the Yale School of Management found that when single women invest in the housing market, they’re generally losing money compared to their single male counterparts. As unbelievable as it may seem, men and women can unknowingly walk away with very different financial outcomes when the deal closes.
According to the report, "Single men earn one percentage point higher un-levered returns per year on housing investment relative to single women…The gender gap grows significantly larger after adjusting for mortgage borrowing: men earn 6 percentage points higher levered returns per year relative to women. Data on repeat sales reveal that women buy the same property for approximately 2% more and sell for 2% less.”
How can this happen, in an age where mortgage lending and real estate regulations should make the process gender-blind? In its summary, the ...
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