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Selling Your Home | From Urb to Burb and Beyond Blog

Tuesday, January 19, 2021   /   by Vanessa Saunders

Mortgage forbearance payback hell!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com

Over the past few weeks, I have been speaking to many people who are concerned about the end of their post-Covid19 forbearance time. Those struggling to pay their mortgages due to the consequences of Covid19, be they parents who can’t work because they need to be at home with their children homeschooling, or the many whose jobs just fizzled out and don’t appear to be coming back because their employers have shut up shop - unable to pay their own bills. Now tax time is adding to the misery for those who don’t have their taxes prorated into their mortgages. The majority of the people I speak to are seeing their savings dwindle as the pandemic continues. Everyone is concerned that their flow of money has all but dried up, and wonder how long it will take the economy to get back on its feet.
The homeowners I have spoken to were all relieved the lif ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, pandemic, financing, mortgage, lending, forbearance, forclosure, covid 19, ppp loans

Friday, January 8, 2021   /   by Vanessa Saunders

Hoarder House Hell

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

Monday, December 14, 2020   /   by Vanessa Saunders

How will a Covid-19 vaccine affect the Hudson Valley housing market?

Photo by Brennan Ehrhardt on Unsplash
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
On the day Pfizer’s approved Covid-19 vaccine hits it’s first American arm, it seems like a good idea to consider what this historic moment’s effect on real estate may be. When the virus reached the United States earlier this year, people were worried that it could devastate the country’s real estate market. For a while, as people got used to using PPEs and stayed home to avoid getting sick, things ground to a halt. But a few months later, people were scrambling to buy a home. Buyers flooded the housing market.
Now that the end of the pandemic seems to be in sight, the news has improved the industry's' spirits yet again. While the end of the pandemic won’t instantly generate a glut of homes on the market to relieve the inventory gap, it should have a significant effect on mortgage rates.
Economists agree that forecasting mortgage ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, home investment, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, first time home buyer, mortgage process, pandemic, financing, mortgage, the economy

Thursday, December 10, 2020   /   by Vanessa Saunders

Uncle Sam wants your profits!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
In this seller’s market, we’ve seen a lot of happy people sitting at the real estate closing table admiring the profit they’ve made selling their Hudson Valley home. For some, it’s a windfall of unexpected proportions. For others...ehhh, not so much. This is because some home sellers will have to share part of their profit with Uncle Sam. It’s called Capital Gains Taxes.
The IRS and many states including New York assess capital gains taxes on the difference between what you paid for an asset — in tax terminology your “basis” — and what you sell it for. Capital gains taxes can apply to investments such as stocks or bonds, and tangible assets like cars, boats as well as real estate.
For example, if you bought a home say, 5 years ago for $200,000 and sold it today for $800,000, you’d make $600,000. If you’re married and filing jointly ...

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  hudson valley real estate, 'urb to 'burb, home investment, hudson valley home sellers, selling your home, capital gains taxes, capital gains tax exclusion

Tuesday, December 8, 2020   /   by Vanessa Saunders

Can I win the deal with an escalation clause?

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

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 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.

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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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