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From 'Urb to 'Burb Blog

Friday, September 18, 2020   /   by Vanessa Saunders

Don't be shocked by your mortgage closing costs!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
According to a recent survey conducted by ClosingCorp, over half of all home buyers are surprised by the closing costs required to obtain their mortgage.
After surveying 1,000 first-time and repeat home buyers, the results revealed that 17% of home buyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected. “Home buyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”
According to Barry Goldenberg, Senior Loan Originator for Luxury Mortgage:
"Closing costs are fees and expenses paid by the buyer to the lender or third-party servicers such as title companies and attorneys who are part of the process of closing on a home. Closing costs can be rolled in with the mortgage loan, or paid up front. These costs can be from 2% to 5% ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, first time home buyer, mortgage process, financing, mortgage, lending

Thursday, September 17, 2020   /   by Vanessa Saunders

Selling a house in a flood-prone zone - What Hudson Valley home sellers need to know.

The remnants of Hurricane Sally will be arriving overnight tonight to the Hudson Valley region. Fortunately for New York home owners, storms like Sally lose most of their punch traveling up the Eastern Seaboard and do little more than dampen the sidewalks. Needless to say, this has been an unusually active year for hurricanes, and for many homeowners, there is a risk they may lose lives, property, infrastructure and coastline sea walls. Strong hurricanes such as Sandy hitting the Hudson Valley, washed away possibly billions of dollars worth of homes, businesses, roads, and seawalls put in place to help protect coastlines.
For sellers whose properties are located in designated flood zones such as along the Hudson River, the risks presented by storms and flooding are a significant problem in selling. Many banks require buyers to purchase comprehensive flood insurance, which is not only a lot more costly, but also harder to find. Subsidies for the National Flood Insurance Program (NFIP) ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, selling your home, hudson valley events, hurricane, flooding

Wednesday, September 16, 2020   /   by Vanessa Saunders

How to get your offer noticed in the Hudson Valley’s seller’s market.

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

If you’re hoping to buy a home in the Hudson Valley these days, you’d better have all your ducks in a row. By that we mean you need to prepare your offer to make it stand out among all the other offers you may be competing with. The Hudson Valley real estate market has two things going on that make it a place where home-owners selling a primo house at a reasonable price can sit back and take their pick from the multiple offers coming in. First, there are relatively few homes for sale so buyers are competing for them. Second, buyers are taking advantage of phenomenally low mortgage interest rates. That combination means the seller is king.
But there are things buyers can do to get a seller to choose their offer over others, and they’re not all about price. Price is not always the most important factor, but do not offer less than listing price. Realize you may need to offer m ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, first time home buyer, making an offer on a house, bidding wars

Tuesday, September 15, 2020   /   by Vanessa Saunders

Existing home or new construction? How 2020 has changed the discussion.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
With so few homes on the market these days, having a new house built seems to be an obvious solution to finding the perfect home if you have the money. While moving into a space where everything is brand spankin’ new and built to your specific needs sounds great, it does have some downsides that didn’t exist before 2020. Here are a few things to consider when weighing both as you make the best decision for your family.
Existing Home:
One of the most compelling reasons to buy an existing home is that it is less expensive than a similar-sized home. Apart from the fact that older homes are typically lower priced, it used to be true that buying from a selling home owner also allows you to negotiate everything from price to possession date. But in today’s buyer’s market, new listings get multiple offers (some over asking price) the day they go on the market. Some home hunters are ...

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  hudson valley real estate, buying a home, 'urb to 'burb, selling your home, first time home buyer, making an offer on a house, pandemic, the future of real estate, older home or new construction

Monday, September 14, 2020   /   by Vanessa Saunders

Fed up? Get a Golden Visa and go!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I recently observed an online discussion string among people so fed up with American politics that they were planning on moving out of the country. Many were British ex-pats making plans to return to Old Blighty (the UK). But some were Born-in-the-USA citizens looking for a place to live with fewer hurricanes and less governmental turbulence.
If you’re an American thinking about permanent residency elsewhere, keep in mind you can’t just go without a visa from your intended new home country granting you permanent residence status and a passport. Getting a visa can be a time-consuming project which may not always turn out as intended. So what’s a soon-to-be expatriate to do?
If you pick the right country, you could just buy one.
Called “immigrant investor programs,” or Golden Visas, these programs are designed to attract foreign capital and business people by providin ...

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  buying a home, home investment, 'urb to 'burb, global investment properties, international properties, we sell italy, golden visas, living abroad, foreign residency, foreign citizenship

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 data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

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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