Friday, March 19, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Kind of a downer for a Friday, but the end of Hudson Valley real estate as we know it has a pretty good chance of happening on January 1, 2023. Known as H.R. 824, or the PRO Act when it was passed in the House of Representatives on March 9 of this year, it is an amendment to the 1935 National Labor Relations Act (NLRA). President Biden is urging the Senate to pass it.
What is it? If passed, the PRO Act would classify real estate professionals (and pretty much all other gig workers) as employees rather than independent contractors. In a nutshell, it means that if you’re a real estate agent who works for a broker whose primary business is selling real estate, you must be an employee, subject to all federal employment benefits and expenses. The new law would go into effect on Jan. 1, 2023.
Why would such an innocuous sounding amendment be so dangerous to the real estate profession? Accordin. ...
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Thursday, March 18, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Yesterday, I posted a BLOG about a six bedroom three bathroom home on eight acres in Red Hook that listed for $489,000 and ended up selling for $700,000. If that impressed you, you'll be excited to learn that today, a STORY on the Associated Press newswire reported a single Chinese bowl that was purchased in a yard sale by an "antiques enthusiast" for $35 sold at auction in Hartford, CT for $722,000! Talk about a great return on investment!
That's a 2,062% profit!
It always surprises me what some people would rather have than money.
If you are interested in selling your house in the Hudson Valley during this extraordinary real estate market (or swap it for a rare Chinese bowl) contact Global Property Systems Real Estate. ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley living, bidding wars
Wednesday, March 17, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
If you watched the Hudson Valley real estate market in 2020, you’ve probably heard of some crazy things happening. Bidding wars, houses sold for all cash, buyers releasing all contingencies and homes going for WAAAY over asking price. Well here’s the latest contender for craziest Hudson Valley real estate deal this year.
An unassuming colonial home (PHOTOS) was reported by the Albany Times Union newspaper to have sold for the highest percentage over asking price ever in Dutchess County. Located in Red Hook, the property has six bedrooms, three full baths and is just over 3,000 square feet. It’s on an eight acre wooded lot and features an outdoor swimming pool and patio.
The sellers used a particularly unorthodox strategy for landing that whopper of an offer on this 1840’s home. According to the Times Union, the seller did not accept any offers on the home for the f ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home sellers, housing sales, selling your home, hudson valley house, first time home buyer, sales strategies, upstate ny, house pricing, bidding war
Tuesday, March 16, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
We’ve talked a lot in this blog about the seller’s market currently driving Hudson Valley real estate sales. With so few homes for sale (inventory) and so many buyers competing for them, it takes a well prepared buyer to stand out from the crowd. The following tips will help you make a confident and informed offer, while avoiding some of the most common pitfalls.
Don’t buy based on emotions.
Buying a home is a business deal, not a love affair. Yes, you should “fall in love” with the home you finally select, but don’t ignore red flags that signal trouble ahead. Rely on your Realtor to be the voice of reason. After all, it’s as much their job to tell you what’s wrong with a house as it is to point out what checks all your boxes.
Get a mortgage pre-approval.
Having an agreement with your lender that you are already approved for a mortgage up to a certa. ...
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hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home sellers, housing sales inventory, hudson valley house, first time home buyer, making an offer on a house, bidding wars
Monday, March 15, 2021 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Does life in the United States ever get so (insert your own adjective here - boring, irritating, complicated, expensive, whatever bugs you,) that you think about just cashing it all in and moving to another country? You can, but be prepared for some unexpected costs of living. When you discover that many of the things we take for granted here in the good old U.S. of A are either more expensive, heavily taxed or totally unheard of in the States, you may just decide that the "Ex" in Ex-Pat stands for "Expensive."
Car insurance and healthcare
Compared to many countries, U.S. car insurance is relatively inexpensive. Not so in other parts of the world. But don’t scrimp on coverage. Be sure you have the insurance you need for anything that might happen on the road. And if you plan to avail yourself of your new country’s legendary free health care system, think again. Unless you’re a cit ...
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hudson valley property, 'urb to 'burb, vacation property, retirement, global investment properties, international properties, international real estate, foreign citizenship, foreign residency, golden visas, pet safety
