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Selling Your Home | From 'Urb to 'Burb Blog

Friday, January 17, 2020   /   by Vanessa Saunders

Who stole all the homes for sale in the Hudson Valley market? Pirates?

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


It wasn't pirates, but it might as well have been. The market is currently at the lowest it's been since 2017 for homes available for sale, and it doesn't look like 2020 will be much better. 



One good thing is that mortgage rates remain at historic lows also. But the big challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report which stated:


“Last month saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018.”
The report also revealed that the decline in inventory stretches across all price points, as shown in the following graph:George Ratiu, Senior Economist at realtor.com, explains how this drop in available homes for sale comes at a time when more buyers are expected to enter ...

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Wednesday, January 15, 2020   /   by Vanessa Saunders

Five critical disadvantages most people face in selling a home themselves.

Five critical disadvantages most people face in selling a home themselves.


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

Rising home prices coupled with the current inventory in today’s market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers. 

Here are the top 5 disadvantages owner face when selling their home on their own:


1. Online Strategy for Prospective Purchasers

Studies have shown that 93% of buyers search online for a home. That’s a pretty staggering number! Most real estate agents have an Internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

According to NAR, here’s where buyers looked for  the homes they actually purchased:

55% on the Internet
28% from a Real Estate Agent
10% Other
6% from a Yar ...

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Thursday, January 09, 2020   /   by Vanessa Saunders

The two reasons McMansions aren't selling in the Hudson Valley real estate market.

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

Large luxury homes which used to be the sought after symbol of success have started to slip out of favor in recent years. Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. Yahoo says, “We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends. 

On the demographic side, Yahoo reports that "Young working people, especially millennial home buyers, have expressed a preference for denser, more urban homes that are more walkable to shared amenities.” Today’s older homeowners want smaller, less maintenance-heavy and more accessible (read: less stairs) homes as they age and move into newer homes. With these two demographic groups surging through the market, the demand for this type of home is rising." If you&rsqu ...

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Friday, January 03, 2020   /   by Vanessa Saunders

Five factors that determine how fast you sell your Hudson Valley home.

When home owners put a house on the market, they never know how long it will take to sell. Not all homes are created equal, and it's often hard to say whether one will be snapped up, or languish on the market. That said, the following are five factors that can seriously influence whether a house will sell quickly.

1. Asking Price
Finding the right price is partly based on research, and partly based on the experience of your REALTOR®. Appraisers can prepare comparative market analyses all they want, but there's nothing like having a REALTOR® with serious "boots on the ground" experience to fine-tune a price that will excite other REALTORS® and get buyers through the door. That's what gets homes sold quickly. 

2. Location, Location, Location
We've all heard that one before, but what a neighborhood is like - posh or plain - and what amenities are near by will always be a factor that you can't control. 

3. What's the Competition?
When you put your home o ...

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Thursday, January 02, 2020   /   by Vanessa Saunders

Why you really don't want an open house

Open house events are a time-honored, traditional way REALTORS® have marketed homes for sale. The problem with them is that the Internet has made open houses obsolete as a tool to finding interested, qualified buyers. Still, some agents persist. We discourage them for three very good reasons:

Open houses put the seller's house at risk.
The seller's agent typically sits by the front door to greet attendees. Visitors are encouraged to explore the house on their own, as the agent waits for the next viewers. This leaves the seller's house at risk of petty theft, a subsequent burglary, and even computer fraud if the owner happens to leave passwords or security information taped to their monitor or in a notebook somewhere. Open houses are also risky for the sellers agent. We regularly see situations where agents are assaulted or threatened by strangers while they sit in an otherwise empty house.

Most open house attendees aren't ready to buy.
Serious buyers have gone to a lender ...

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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

image001.png The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than are marked with the HGMLS 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 Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, 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 Hudson Gateway 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 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 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.