Wednesday, March 17, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you watched the Hudson Valley real estate market in 2020, you’ve probably heard of some crazy things happening. Bidding wars, houses sold for all cash, buyers releasing all contingencies and homes going for WAAAY over asking price. Well here’s the latest contender for craziest Hudson Valley real estate deal this year.
An unassuming colonial home (PHOTOS) was reported by the Albany Times Union newspaper to have sold for the highest percentage over asking price ever in Dutchess County. Located in Red Hook, the property has six bedrooms, three full baths and is just over 3,000 square feet. It’s on an eight acre wooded lot and features an outdoor swimming pool and patio.
The sellers used a particularly unorthodox strategy for landing that whopper of an offer on this 1840’s home. According to the Times Union, the seller did not accept any offers on the home for the f ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home sellers, housing sales, selling your home, hudson valley house, first time home buyer, sales strategies, upstate ny, house pricing, bidding war
Friday, January 8, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
For some reason, in 2020 I came across more hoarder houses in the Hudson Valley than I have in my entire 20-year real estate career. Maybe it's due to depression caused by Covid-19 lockdowns, people's lack of social contact or all the uncertainties that we have been through during the last year. Perhaps some people find comfort in having their "stuff" around, even though it creates unpleasant situations (to others) and often dangerous living conditions which can become life-threatening.
I usually run across hoarders because family members need to get the hoarder into a better living arrangement and need to sell the house to finance it. Others have inherited a hoarder house after the relative living in it has passed. Whatever the reason, hoarder houses present an entirely different set of challenges than day-to-day real estate.
Hoarding as a psychological disorder.
According to the US National Libr; ...
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hudson valley real estate, hudson valley property, 'urb to 'burb, home investment, selling your home, sales strategies, hoarder houses
Tuesday, December 8, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The last six months in the Hudson Valley real estate market have admittedly been crazy. With little inventory and a high demand for any kind of Hudson Valley home, buyers have been beating down the doors of the few homes on the market, trying every tactic imaginable to present a winning offer on a house. We’ve written before on tactics for buying a house, but these days, getting an offer accepted is akin to a contact sport among buyers.
One tactic we’re seeing more often here in The Land of Competing Offers, with multiple buyers and all cash deals, is the inclusion of an Escalation Clause. An Escalation Clause in a buyer’s offer says that the potential buyer will raise his offer up to a certain amount over competing buyers. The clause is used to strengthen a buyer's offer by promising the best price.
It sounds like a win-win, no? The buyer wins the bidding war and the seller gets ; ...
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hudson valley property, hudson valley home, buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, housing sales inventory, sales strategies, making an offer on a house, bidding war, ny, negotiating price, escalation clause
Monday, December 7, 2020 / by Vanessa Saunders
Being in real estate, you might say I’m an optimistic person. Even though current world events terrify me, pessimism isn’t something that comes naturally to me. Even my company’s theme song is “Always look on the bright side of life!*” I’m naturally enthusiastic, my clients, fellow Realtors, and even my husband often tell me. However, enthusiasm can so easily morph into optimism, and optimism, especially in the current real estate market, can quickly become downright dishonest.
In real estate, if your client is naive, desperate, or just plain greedy, it’s easy to be tempted into (real estate terminology alert here,) a “puffing*” scenario. This is where the players “elaborate” on the truth. In this case, I’m talking about property value. But, being the consummate professional that you are, and I’m talking to my peers here, YOU really wouldn’t stoop to that level. Would you? No! To do so would not only b. ...
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buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, why work with a realtor, sales strategies, financing, house pricing, new listing, negotiating price
Thursday, December 3, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Ahh, December. The time when no buyer schedules viewings and no seller wants them to. "Take my house off the market 'til after the holidays" has been the prevailing Grinchy attitude for decades among home sellers during the holidays. But it can't be anymore. Things have changed, and the Grinch's way of dealing with the holidays by taking his home off the market no longer works.
Here are seven great reasons not to wait to sell your house this holiday season:
Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.
Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.
You can restrict the showings in your house to days and times that are most convenient for you, or even select virtual options. You’ll remain in contro ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home sellers, housing sales, pandemic, sales strategies
