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Sales Strategies | From 'Urb to 'Burb Blog

Thursday, July 2, 2020   /   by Vanessa Saunders

Five reasons FHA buyers are having a tough time in today's real estate market.

It's a seller's market today in Hudson Valley real estate. This season, an unexpected crop of buyers are rushing north to find permanent residences, or vacation homes outside New York City. So there are relatively few homes for sale, and droves of buyers getting into bidding wars over properties that until now have lingered for months or years unnoticed on the market. When buyers with FHA loan pre-qualification make an offer, as we say in the UK, "they haven't an earthly" chance.
Why do FHA loans get the bum's rush when going up against bidders bringing their higher and best offers? Below are five circumstances we see every day where sellers would be wise to favor an offer with conventional or cash financing over FHA at a higher price.
A low appraisal
Lender's use independent appraisers to determine the value of every property they finance. If a home appraises for less than the buyer and seller agree upon, and the offer is backed by FHA with a minimum down payment, the buyer is as ...

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  hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, housing sales inventory, making an offer on a house, sales strategies, credit scores, home inspections, the economy

Wednesday, June 17, 2020   /   by Vanessa Saunders

5 surprising real estate trends on the horizon.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Home sellers and buyers should keep an eye on several trends in the real estate market that were recently outlined by presenters at Inman's June Virtual Connect Now conference. The event, held virtually June 2-4, 2020, featured economists and real estate experts, who explained some of the trends that will help you understand what's happening in your market.
1. Getting the most current pricing trends
Supply and demand are always the best predictors of future price directions, but people focus incorrectly on closing data, which relies on selling prices from closings that may be 30 to 90 days old. Instead, sellers and buyers should seek out the number of listings coming on the market (the sell-side), and pending sales (the buy-side). Considering these two metrics offers a much more current snapshot of today's market direction. Buyers and sellers can access this information from their Realtor, who ha ...

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  hudson valley real estate, hudson valley property, home investment, hudson valley home owners, hudson valley home sellers, 'urb to 'burb, selling your home, first time home buyer, sales strategies, pandemic, mortgage, vacation property, upstate ny

Wednesday, June 10, 2020   /   by Vanessa Saunders

List it while it's hot!

by Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If real estate were a Formula One auto race, the starting flag dropped yesterday. That was the day New York's planned Phase Two return to business clicked the "On" switch. The real estate business is back (with certain virus-prevention requirements still in place) and the race is on!
What that means is buyers are out in force, hoping to find a home to buy and get settled into before school (hopefully) starts in fall.
Sellers are likewise dashing to list their homes after waiting for weeks during the prime listing time. But listings take time to organize for both the owner and the Realtor. They must assemble property information, create marketing materials, take photos and file the requisite paperwork.
If you plan on selling in the current market, you don't have a lot of time. What are the main things sellers should do now to get their homes ready to go on the market as soon as possible?
1. First ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, hudson valley home sellers, 'urb to 'burb, selling your home, why work with a realtor, sales strategies, house pricing, the economy

Wednesday, May 6, 2020   /   by Vanessa Saunders

Why didn't your home sell?

If you’ve had your home for sale on the Hudson Valley real estate market recently and it didn’t sell, there must have been a reason. Do you know what it was? Even in these hard times, we are selling homes. In fact, considering the few houses on the market and the many people looking for a home, it’s a great time to list. We can sell your house because we do real estate differently. CONTACT US at Global Property Systems Real Estate to discuss how.

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  hudson valley real estate, hudson valley home sellers, 'urb to 'burb, housing sales, selling your home, sales strategies, pandemic

Thursday, April 30, 2020   /   by Vanessa Saunders

Keep thousands more when you sell your house.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
April 30, 2020
Congratulations! If you are thinking about selling your house this year, you’ll probably get more for it than you paid. It’s going to be another seller's market, with a shortage of homes to buy and lots of buyers competing with each other to win a bidding war. You’re one smart seller.
You may be worried about capital gains taxes. Currently the capital gains tax is 15% of the profit a property owner makes from the sale of their property. For example, if you sold your house for $200,000 more than you paid for it, you’d owe Uncle Sam $30,000 in capital gains. Also, there was an additional tax of 3.8% added in 2013 to help pay for changes in Medicare, so add another $7,600 in investment income tax in this scenario.
Sure takes the shine off that bundle you made from selling at a profit, doesn’t it?
There is one exception which makes a seller exempt from c ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, hudson valley home sellers, housing sales inventory, sales strategies, capital gains taxes, capital gains tax exclusion

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.