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

Hudson Valley Rent | From 'Urb to 'Burb Blog

Tuesday, June 9, 2020   /   by Vanessa Saunders

Buyers are hot for upstate real estate.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As we reported last month, the race is on as buyers from NYC and other urban centers scramble to spend at least the summer away from Covid-19, preferably near a lake or swimming pool. 
Coincidentally, there is a group of home owners dying to sell them their upstate properties.
Some homeowners have secondary upstate properties they typically rent to summer tourists, either on their own or through companies like Airbnb. But the impact of diminished summer travel due to virus has severely affected their business in this unpresidented time.
A recent report by CNN concluded "Hosts face the possibility of losing thousands of dollars a month in canceled bookings while bills, maintenance costs, and mortgage payments pile up.”
A survey by ValuePenguin agreed:

48% of Americans have already canceled summer travel plans due to the current health crisis.
36% indicated they don’t have vaca ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, buying a home, hudson valley home owners, hudson valley home sellers, 'urb to 'burb, orange county ny, westchester county, rockland county, ulster county, sullivan county, selling your home, dutchess, housing sales inventory, pandemic, vacation property, hudson valley rent

Friday, May 1, 2020   /   by Vanessa Saunders

How far will your stimulus package go?

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Electronic deposits of the stimulus package under the Coronavirus Aid, Relief and Economic Security (CARES) Act are showing up in people’s bank accounts daily. The U.S. government has started paying every tax paying citizen $1,200 as part of their plan to jump-start the American economy. No doubt a lot of people will put this money toward rent or mortgage payments. But how far will $1,200 go?
Surprisingly, pretty far. Over 75 percent of U.S. renters and almost 50 percent of homeowners could pay one month of housing expenses with $1,200. A recent study reported by Inman News selected the 50 largest metropolitan areas in the United States and ranked them by the percentage of homeowners who could pay all or most of their housing one-month mortgage payment plus utility costs with $1,200 or $2,400 (assuming some would be couples). They made rankings for renters in the same 50 cities.
According t ...

Read More


  hudson valley real estate, hudson valley home, hudson valley home owners, 'urb to 'burb, buying vs renting, the economy, hudson valley rent

Monday, January 20, 2020   /   by Vanessa Saunders

Why you can't afford to fall into the rental trap.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of home ownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:






It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!







There is a long-standing rule that a household should not spend more than 28% of its income on housing ...

Read More


  hudson valley real estate, hudson valley home, buying a home, home investment, hudson valley home owners, orange county ny, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, buying vs renting, first time home buyer, down payment, hudson valley rent, rentals

Thursday, September 12, 2019   /   by Vanessa Saunders

The new rental laws from Albany - What tenants and landlords need to know.

The new legislation out of Albany for rent reform mostly impacts what are called market-rate tenants, (renters not protected by current rent controls), and their landlords. Though it isn't the sweeping reform bill many were hoping for, the legislation does contain some interesting new provisions for all tenants, ranging on issues from security deposits to eviction proceedings.

Putting the brakes on shakedowns: security deposits, background and credit report fees, and pet deposits.

Under the newly passed bill, market-rate tenants are required to put down no more than one-month’s rent as security deposit, matching the rule that currently applies to rent-regulated tenants. Landlords are limited to the amount they can charge prospective tenants for credit and background checks, either for the actual cost of the service or $20, whichever is lower.

Pet lovers may like that landlords cannot charge an extra fee for damage done by pets allowed in the apartment. Pets can cause ...

Read More


  hudson valley real estate, hudson valley property, 'urb to 'burb, buying vs renting, hudson valley rent, manhattan real estate, rentals

Friday, September 6, 2019   /   by Vanessa Saunders

Here's a great way to improve your family's net worth.

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.
The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Owning a Hudson Valley home is a great way to build family wealth.
As we’ve said before, simply put, home ownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.
That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Am ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, buying vs renting, hudson valley house, first time home buyer, hudson valley rent

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.