Thursday, August 6, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As the summer rush to escape New York City and the Covid pandemic continues to impact the Hudson Valley real estate market, we find more and more people deciding to sell their up-state properties. Buyers are looking everywhere for second homes, some planning to turn vacations into stay-cations. For sellers, the process of selling a vacation home often requires that they and their agents throw traditional tactics out the window.
Second Home Buyers - Not your typical real estate animals.
For one thing, buyers are not limiting themselves to properties in a certain zip code. They may be considering Cold Spring, but may also have an eye on something further up the Catskills. If the agent lists the property on the local MLS, the listing will not be seen by the majority of possible buyers. Thar is one of the reasons Global Property Systems belongs to eight multiple listing services in the Hudson Valle ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, hudson valley house, vacation property, retirement
Wednesday, August 5, 2020 / by Vanessa Saunders
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
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
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
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
