If you need assistance, please call 914-290-5258

Hudson Valley Home | From 'Urb to 'Burb Blog

Friday, October 16, 2020   /   by Vanessa Saunders

How to sell your house and put your home equity to work for you!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
We blogged yesterday how homeowners with equity in their homes (Equity is an appreciation of value caused by either payments on principal or the increased market value of a property) has kept people from selling their home. We pointed out that homeowners who are choosing to sit rather than move are impacting the Hudson Valley real estate market by causing a lack of homes (real estate inventory) for sale. But don’t get us wrong. Equity isn’t always a bad thing.
Turns out it’s great for homeowners.
As average homeownership lengthens and home prices go up, equity, which is a form of forced savings, can be applied toward the purchase of a new home. A recent study by CoreLogic https://www.corelogic.com/insights-download/homeowner-equity-report.aspx
CoreLogic explains:
“Over the past 10 years, the equity position of homeowners has positively changed as a result of more than eigh ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales

Thursday, October 15, 2020   /   by Vanessa Saunders

Sellers: Buyers want your home NOW!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The real estate business is one of the few bright points in our economy during the Covid-19 pandemic. With food services cut to 25% capacity, events and group entertainment shut down to all but ZOOM meetings, and retail activity limited to Amazon Prime, real estate is the one star continuing to shine growth numbers into the economic mix.
According to Mark Fleming, Chief Economist for First American, “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.” Which is why NOW is the time to put your home on the market.
The number of buyers looking for Hudson Valley properties is still strong. Instead of slackening in September and October. ShowingTime, a company we use which tr ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, hudson valley home owners, selling your home, sales strategies, pandemic

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 ...

Read More


  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

Tuesday, October 13, 2020   /   by Vanessa Saunders

What "For Sale By Owners" risk by selling it themselves.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
People realize it’s a hot real estate market and prices are sky-high at the moment. Some home owners feel they can stick a “For Sale By Owner” sign in the front yard, post a picture and description on Zillow’s listings pages, sit back and let the offers roll in. They’ll say, “We just want to see what we can get.”
What they’ll likely get is screwed.
Ask any agent who’s had a career of shepherding home sales from showing to closing and they’ll tell you of the pitfalls that await the unaware. Just what do sellers risk? Here’s the short list.
Getting the price wrong.
How in the world is a homeowner to know what his house is worth? He knows what he paid for it. He may know what some of his neighbors sold their homes for (“may” because not all his neighbors will admit the real price and costs involved.)
The homeowner lives i ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, for sale by owner

Monday, October 12, 2020   /   by Vanessa Saunders

Five tips on how to relocate ahead of your retirement

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The Covid-19 pandemic and its subsequent shutdown have created a new demographic of Americans: workers near to or turning 65 who are buying their retirement homes before they retire. Every day, 10,000 Americans turn 65. After being forced to work from home, many workers close to retirement age have realized they no longer need to make the commute to work, and can work just as effectively from a home office or spare bedroom.
Lawrence Yun, chief economist for the National Association of Realtors pointed out this trend recently in an interview on CNBC. He said, “The pandemic was unexpected, working from home was unexpected, but nonetheless many companies realized that workers can be just as productive working from home, We may begin to see a boost in people buying retirement homes before their retirement.”
If you’re looking for a retirement home, either now or some time in the near f ...

Read More


  hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, selling your home, pandemic, foreign citizenship, foreign residency, golden visas, living abroad

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


NY.png

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.
This site powered by CINC: www.cincpro.com