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From 'Urb to 'Burb Blog

Friday, November 27, 2020   /   by Vanessa Saunders

What are Hudson Valley Realtors thankful for in 2020? A lot!

Thanksgiving day survivors parade.

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

Yesterday, people across America celebrated Thanksgiving 2020 in spite of high unemployment and an economic recession pushed by a global viral pandemic. We have been urged to celebrate holidays this year on a minimal scale, eschewing travel, virtually visiting friends and relatives while staying home. But even with all the negative things happening in the world today, celebrating Thanksgiving made me realize just how much we Realtors should be thankful for. Here are just a few:
Realtors are thankful for a thriving real estate market.
Existing-home sales in October were 27% higher than a year ago, new-home sales were 32% higher, and pending home sales or contract signings in September jumped 20.5% annually.
Realtors are thankful for low interest rates, (if they can get them).
Any added incentive for buyers is a bonus, and having mortgage rates below 3% ...

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  hudson valley real estate, buying a home, 'urb to 'burb, hudson valley home owners, housing sales, mortgage rates, pandemic, the future of real estate, manhattan real estate, ny

Tuesday, November 24, 2020   /   by Vanessa Saunders

When is the best time to sell your house?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I spoke to a Sullivan County homeowner last week. She called me because she’s been thinking about selling her house and had some questions. She said to me, “I keep hearing about all the people in New York City coming up here in droves and buying homes with cash. Is it still happening?”
I told her there was still a lot of activity in the Hudson Valley real estate market and explained how low mortgage interest rates, a low inventory of homes for sale and New Yorker’s demand for homes outside the city has been and continues to be happening.
She asked me, “So is this the best time to sell my house?”
Perhaps there is a lesson in her story. If you've been thinking about selling for a while, now is an excellent time. 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 sel ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home sellers, housing sales, selling your home, housing sales inventory, hudson valley house, upstate ny

Monday, November 23, 2020   /   by Vanessa Saunders

Getting the best offer for your house in today’s hot seller’s market.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Because the Hudson Valley real estate market today sees so much demand and so little inventory, it heavily favors sellers in negotiating a sale. According to a recent report from the National Association of Realtors, the inventory of homes for sale is down 21% from last year, and sellers are receiving an average of three competing offers.
So how does a seller know which offer is “best” (no, it’s not just one with the highest price), and how do sellers set themselves up for success?
Play your cards right first, (and deal yourself a good hand).
High perceived value drives higher priced offers. That’s why it’s important to amplify the “WOW” factor of your house before you even think about listing. Declutter and fix up the cosmetics of your home to make sure it’s light, bright and color-neutral. Better yet, hire a professional to make your home magazine ...

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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, housing sales, selling your home

Friday, November 20, 2020   /   by Vanessa Saunders

Should you make your home “Zillow candy?”

When you see real estate sales figures like the 4.3 increase in existing home sales in October, it’s easy to say, “Hey, let’s just post our house on Zillow, stick a crazy price on it and see what happens!”
There’s no doubt we are in the middle of a housing boom. Homes have become the new offices as an estimated 21% of the U.S. labor force is working from home. The Fed’s record low interest rates have made buying a home cheaper than ever. The average rate on a 30-year fixed-rate mortgage dropped to a record low of 2.72% last week. Inventory is so tight that prices are skyrocketing. The median price of an existing home last month was $313,000, 15% higher than a year ago. According to the New York Times, the urge to buy a house is so strong that "Zillow surfing" (when you fantasize about houses listed on Zillow) has become a popular pandemic pastime,
So why shouldn’t you put your house up as Zillow candy and see if anyone bites? Here’s w ...

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  hudson valley real estate, hudson valley property, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales, selling your home, housing sales inventory, why work with a realtor

Thursday, November 19, 2020   /   by Vanessa Saunders

Hudson Valley Housing Market 2021 - Larry "The Oracle" Speaks

It’s been a rollercoaster of a year for real estate. I don’t need to reiterate the many low-points in the economy that have punctuated 2020 like commas in a Faulkner paragraph. But 2020 has been marked an exceptional year in the housing market. Everyone I know is asking the same question: “What about next year?”
Someone who should know the answer to that question is Larry Yun, chief economist for the National Association of Realtors who we have written about many times in the past. In his annual look at the economy and housing market at NAR’s annual conference, the Realtors Conference and Expo, held last Tuesday, November 17 at the Residential Economic Issues and Trends Forum, he predicted higher home sales, higher home prices, stable mortgage rates and continuing low inventory.
Thank you Santa Yun!
His outlook is blush-worthy for all of 2021, with a few exceptions. He says, “My economic forecast is that in 2020, it is a recession, but in 20 ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home sellers, housing sales, sales strategies, the future of real estate

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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