Monday, October 26, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I hear a lot of odd reasons why people won’t use a Realtor to sell their home. I’ve never heard this one before. I was following up on a For Sale By Owner property recently, to see if they’d sold their house since I contacted them six months ago. The owner indignantly cited a “fact” he heard from his neighbor.
“I understand New York state has now started charging sellers 4% of their price to sell their home. And it goes straight to Cuomo,” he said. “I am not paying you 6% and Cuomo 4%. That’s ten percent of the value of my house!”
This is how urban myths start, how false rumors and misunderstood facts grow into Elvis sightings and conspiracy theories. Let me presume to explain.
First of all, no state taxes, fees or tolls go straight to Governor Cuomo. True, there are lots of taxes, fees and tolls that DO go to the state. As a matter of fa ...
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Friday, October 23, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
When Lawrence (Larry) Yun, the National Association of Realtors chief economist releases a statement to the press, you know you're going to be in for a rollicking good time. This time, Larry made merry by interpreting a new set of statistics detailing the national housing market’s inventory of homes for sale, or rather, the lack of them. When I heard that, it brought to mind the line by “Flounder” in Animal House as he watched his fraternity destroy a homecoming parade in one grand final act of defiance: “This is gonna be GREAT!”
Larry’s report delivered expected news. Existing-home sales are still “growing crazy” in September, eclipsing a seasonally adjusted annual rate of 6.5 million, up 9.4 percent from August and nearly 21 percent over last year at this time. Larry puts it this way, in his inimitable style:
“Home sales traditionally taper of ...
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hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, housing sales inventory, first time home buyer
Thursday, October 22, 2020 / by Vanessa Saunders
Global Property Systems went into the pandemic during a strong economy, and a thriving real estate market due to historically low-interest rates. Right now, as we continue to deal with the fallout of Covid-19 here in the Hudson Valley of New York, we are continuing to experience a HOT Seller’s Market. But how long will it continue? Likely a good few more months and probably well into 2021 until we have a vaccine, and when life becomes more normal. That’s when the market will begin to stabilize again.
The surge in sales we predicted for July and August broke records. The trend continues in what traditionally at this time of year is a much slower market. Even with massive job losses, buyers who haven’t lost their employment are moving. Normally once schools are back at the start of the scholastic year, many families stay put until Spring. That’s not happening this year. We are seeing many families moving out to the suburbs and others who now work from home, pla ...
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Wednesday, October 21, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Are you spending too much time and money making the wrong renovations to your home? If you are like most homeowners, it can be hard to know which projects ultimately add the most value. We’ve found a very informative page from Remodeling.com offers regionally adjusted estimates on projects you may be considering to do before you put your house on the market. You can use to see how much the average project costs in the Mid-Hudson Valley, and how close it comes to paying for itself. Although only one will make you a profit over the cost , having these projects done will speed up selling time, and perhaps even inspire a bidding war. Before you start tearing down walls and ripping up floors, take a look at this year’s top 5 renovations that will likely boost your home’s salability this fall! To see Remodeling.com's entire list of the home improvement projects you may be considering, CLI ...
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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
Tuesday, October 20, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
"What can I do to help? "
We’ve heard that phrase a lot lately. It seems to come naturally from people as we are bombarded with news about the devastating effects of the Coronavirus that is ravaging every nation in the world. But along with observing social distancing rules and pandemic-safe practices, is there actually anything you can do?
Actually, there is.
The daily Morning Brew newsletter I subscribe to recently listed a wide variety of places you can donate your time, support and/or money to during the pandemic.
The options in the article vary widely. Some are massive projects like the CDC’s Covid-19 Solidarity Response Fund which has already raised $236 million in donations from 633,000 donors, companies and philanthropic groups, or the Gates Foundation which targets the development of therapeutics to defend against the virus. Numerous major charities are mentioned, the R ...
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