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Hudson Valley Home | From 'Urb to 'Burb Blog

Thursday, August 6, 2020   /   by Vanessa Saunders

Vacation home sellers: Think outside the zip code.

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

As the summer rush to escape New York City and the Covid pandemic continues to impact the Hudson Valley real estate market, we find more and more people deciding to sell their up-state properties. Buyers are looking everywhere for second homes, some planning to turn vacations into stay-cations. For sellers, the process of selling a vacation home often requires that they and their agents throw traditional tactics out the window.
Second Home Buyers - Not your typical real estate animals.
For one thing, buyers are not limiting themselves to properties in a certain zip code. They may be considering Cold Spring, but may also have an eye on something further up the Catskills. If the agent lists the property on the local MLS, the listing will not be seen by the majority of possible buyers. Thar is one of the reasons Global Property Systems belongs to eight multiple listing services in the Hudson Valle ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, hudson valley house, vacation property, retirement

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

Friday, July 31, 2020   /   by Vanessa Saunders

The "As is" house: How to buy a unicorn.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com
The consequences of having a sellers market during a severe housing shortage has caused some crazy things to happen in the world of real estate. Yesterday, I had a client offer to buy a property "As Is." The buyer did it to strengthen his offer without raising his offer price. I had to explain the ramifications of such a decision.
Buying "As is" means, obviously, that whatever may be wrong with a house, the buyer is willing to accept the house without it being contingent on a good inspection. "As is" homes are increasingly popping up for sale on the market. Often, they are priced lower than other similar properties and as such, are tempting targets for buyers looking for a unicorn - a perfectly good house being sold at a bargain price. Like unicorns, the existence of such homes is mostly fantasy.
When sellers list their homes "As is," there's usually a reason. ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home sellers, selling your home, first time home buyer

Thursday, July 30, 2020   /   by Vanessa Saunders

Renters will be screwed when Pandemic Compensation Program ends.

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


Tomorrow, July 31st, is the deadline for the Federal Pandemic Unemployment Compensation (FPUC) program to end, unless congress decides to do something to extend or re-structure it. If not, upwards of about 30 million unemployed Americans who are receiving benefits will lose $600 per week. What does this mean?


For one, a lot more people renting a place to live will be screwed.


The percentage of renter households facing a severe housing burden will increase from about 3 percent of renter households to 41 percent. (Severely housing burdened means they are paying more than 50 percent of their income toward rent.)


Add to this the fact that the federally mandated evictions moratorium on is also set to expire soon. The combination of these two events bodes ill for millions of Americans who are already under significant stress. Expect a sharp spike in evictions in the next few months ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, buying vs renting, pandemic, health crisis, saving the world, rentals

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 perce ...

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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. ©2020 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.

©2020 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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