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Hudson Valley House | 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, 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

Thursday, July 23, 2020   /   by Vanessa Saunders

6 ways home buyers can give themselves a competitive advantage in getting a house.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The Hudson Valley real estate market has changed dramatically in the last four months. The effect of the coronavirus pandemic has put much of the business of buying and selling homes on hold. For buyers, it has tightened the mortgage market, restricted the inventory, and made traditional means of transactions meaningless. Right now, the competition for homes is hot in the Hudson Valley, and buyers need to prepare themselves.
Here are 6 ways home buyers can give themselves a competitive advantage in getting a house.
1. Select a good mortgage lender.
(Due to the Coronavirus outbreak, obtaining a mortgage may be a bit of a challenge. Lenders are dealing with demand and staffing issues.) Finding a mortgage lender involves more than just getting a good interest rate; you want to work with the best mortgage companies, staffed by professionals who will guide you through the process. Barry Goldenberg of L ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, housing sales, housing sales inventory, hudson valley house, pandemic, bidding war, home inspections, the future of real estate, condos, new global property system local area specialists, coops

Monday, July 20, 2020   /   by Vanessa Saunders

You may as well be home shopping on Mars

  

Photo credit: Mohammed bin Rashid Space Center
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Why are there so few houses to buy in the Hudson Valley real estate market?
If you've searched for a house to buy in the Hudson Valley real estate market, you may as well be shopping for houses on Mars. In October last year, the nation had a 3.9-month supply of existing homes for resale. That means, at the pace of sales then, it would have taken 3.9 months to sell all the homes on the market. A supply under six months puts home buyers at a disadvantage.
“Overall buyer demand will remain very robust, particularly at the entry-level, in 2020,” Realtor.com senior economist George Ratiu wrote in a forecast. He was putting it mildly.
Who is responsible for the shortage of homes for sale and why? Here are six very good suspects.
Baby Boomers aren't moving out.
There just aren't many good reasons for boomers to sell. Coupled with ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, hudson valley home sellers, hudson valley house, housing sales inventory, bidding war, the economy

Thursday, July 16, 2020   /   by Vanessa Saunders

Who's been sleeping in MY bed?

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

As a real estate brokerage, we usually blog about some aspect of home ownership. Today's blog topic was suggested by a news item today that caught our eye: there has been a recent spike in the rate of Black bears breaking into Hudson Valley homes.
There has been an overall increase in bear sightings in general and bear break-ins in particular, causing officials in the Hudson Valley to issue warnings to residents. The Hudson Valley Post reported on a number of bear sightings in the Mid-Hudson region and across the state. The Connecticut Department of Energy and Environmental Protection (DEEP) announced last Tuesday that it has received more reports of bears entering homes this year than in any previous year. Through July 8, DEEP has received 25 reports of bears entering homes putting Connecticut on track to triple the average number of home entries from the last two years.
Bears are not an uncommo ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, hudson valley house

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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