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From 'Urb to 'Burb Blog

Wednesday, August 5, 2020   /   by Vanessa Saunders

Six reasons your house isn't selling in the Hudson Valley's hot sellers market.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you’ve listed your home to sell, and it’s had showings after showings with no offers, there must be a reason. In the current Hudson Valley’s hot seller’s market, even white elephants - homes that have been listed for months (even years!) are being snapped up by eager buyers. Some buyers are making ridiculous offers over listing price just to get their foot in the door.
The fact is, a home that isn't selling is actually costing the owner money. Statistically, a home that sells in the first 30 days on the market sells for the most amount of money. The longer a listing sits, the less it sells for. If a home has spent too many days on the market, this “stale” listing is often interpreted to be damaged goods, as buyers speculate that there is something wrong which made the property hard to sell to previous buyers.
So, you have a problem. Here are six of the most co ...

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  hudson valley real estate, hudson valley home, hudson valley home owners, 'urb to 'burb, sales strategies, pandemic, house pricing, bidding war

Tuesday, August 4, 2020   /   by Vanessa Saunders

Turn around and don't drown!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Seeing the storm warnings on the news brings back memories of losing our home to Hurricane Sandy's coastal flooding. The hurricane caused enormous damage, but at least in our area, no deaths. Nationwide, flooding causes more deaths annually than do hurricanes, tornadoes and lightning. Flash floods are very dangerous and can strike with little to no warning.
Here are things to do and not to do as Tropical Storm Isaias approaches.
TO DO.
Make a plan.
Make an emergency plan before it hits, especially if you are located in a coastal area or flood plain. Plans should include an escape route via roads on high ground, and pack essential items like batteries, cell phones (fully charged and with extra batteries), and food.
Know when to go.
Evacuation is not always a good idea. Sometimes it's more dangerous to go through flooded areas than it is to stay where you are. Instead, find a safe, high point, an ...

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  hudson valley real estate, 'urb to 'burb, pandemic, health crisis, hurricane, flooding

Monday, August 3, 2020   /   by Vanessa Saunders

Good thing you didn't sell your home last year.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I ran into an old friend I haven't seen in years at the Piermont NY farmer's market Sunday. Our conversation eventually rolled around to real estate (funny that!) and she mentioned she'd sold her Piermont home last year.

She lamented selling it when she did, because if she'd waited until this year, she would have made much more on it.
Perhaps there is a lesson in her story. If you've been thinking about selling for a while, now is an excellent time. You DIDN'T sell last year, did you? Nothing guarantees that you will be selling at the peak of the market. But you'll at least be selling at a point well above last year!
Conditions for sellers have rarely been better. Buyers are falling over themselves to find and buy properties. Aided by historically low interest rates, buyers are very actively shopping for homes. Rates are forecast to remain low, creating a great opportunity for home buyers.
Beca ...

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Friday, July 31, 2020   /   by Vanessa Saunders

The "As is" house: How to buy a unicorn.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com
The consequences of having a sellers market during a severe housing shortage has caused some crazy things to happen in the world of real estate. Yesterday, I had a client offer to buy a property "As Is." The buyer did it to strengthen his offer without raising his offer price. I had to explain the ramifications of such a decision.
Buying "As is" means, obviously, that whatever may be wrong with a house, the buyer is willing to accept the house without it being contingent on a good inspection. "As is" homes are increasingly popping up for sale on the market. Often, they are priced lower than other similar properties and as such, are tempting targets for buyers looking for a unicorn - a perfectly good house being sold at a bargain price. Like unicorns, the existence of such homes is mostly fantasy.
When sellers list their homes "As is," there's usually a reason. ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home sellers, selling your home, first time home buyer

Thursday, July 30, 2020   /   by Vanessa Saunders

Renters will be screwed when Pandemic Compensation Program ends.

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


Tomorrow, July 31st, is the deadline for the Federal Pandemic Unemployment Compensation (FPUC) program to end, unless congress decides to do something to extend or re-structure it. If not, upwards of about 30 million unemployed Americans who are receiving benefits will lose $600 per week. What does this mean?


For one, a lot more people renting a place to live will be screwed.


The percentage of renter households facing a severe housing burden will increase from about 3 percent of renter households to 41 percent. (Severely housing burdened means they are paying more than 50 percent of their income toward rent.)


Add to this the fact that the federally mandated evictions moratorium on is also set to expire soon. The combination of these two events bodes ill for millions of Americans who are already under significant stress. Expect a sharp spike in evictions in the next few months ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, buying vs renting, pandemic, health crisis, saving the world, rentals

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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