If you need assistance, please call 914-290-5258

Hudson Valley Home | From 'Urb to 'Burb Blog

Thursday, July 2, 2020   /   by Vanessa Saunders

Five reasons FHA buyers are having a tough time in today's real estate market.

It's a seller's market today in Hudson Valley real estate. This season, an unexpected crop of buyers are rushing north to find permanent residences, or vacation homes outside New York City. So there are relatively few homes for sale, and droves of buyers getting into bidding wars over properties that until now have lingered for months or years unnoticed on the market. When buyers with FHA loan pre-qualification make an offer, as we say in the UK, "they haven't an earthly" chance.
Why do FHA loans get the bum's rush when going up against bidders bringing their higher and best offers? Below are five circumstances we see every day where sellers would be wise to favor an offer with conventional or cash financing over FHA at a higher price.
A low appraisal
Lender's use independent appraisers to determine the value of every property they finance. If a home appraises for less than the buyer and seller agree upon, and the offer is backed by FHA with a minimum down payment, the buyer is as ...

Read More


  hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, housing sales inventory, making an offer on a house, sales strategies, credit scores, home inspections, the economy

Tuesday, June 30, 2020   /   by Vanessa Saunders

Changes in mortgage lending add to buyers' challenges.

Last year at this time, mortgages in forbearance programs represented 1% of all mortgages. As of May 10, 2020, more than 4 million borrowers were able to declare financial hardship and delay making payments on their loans for up to a year. Things are a-changin' in the mortgage world. The Covid-19 pandemic and economic shutdown have left the mortgage markets bubbling with volatility, and lenders are changing to meet the new normal.
Is it still possible to get a mortgage? The answer is yes, but some of the rules have changed.
Lenders are asking for higher qualification thresholds.
Expect more hoops to jump through, especially on mortgages that are deemed more "risky" than others - jumbo loans, high-balance conforming loans and investment property loans.
(A conforming loan is a mortgage that is equal to or less than the dollar amount established by the limit set by the Federal Housing Finance Agency ( (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae.) Buyers will ...

Read More


  hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, mortgage rates, first time home buyer, mortgage, va loans

Friday, June 26, 2020   /   by Vanessa Saunders

Racism in real estate: When words matter.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Inman News reported that the Houston Association of Realtors MLS has removed the terms “master bedroom” and “master bathroom” from its MLS listing descriptions as part of a renewed national focus on racism and discrimination. First reported by a handful of Texas publications on Tuesday, HAR now uses the terms “primary bedroom” and “primary bathroom,” effective June 15.
We heartily applaud HAR's actions regarding these terms and the implications they bear. We are following HAR's lead, and voluntarily changing all uses of "master" bedrooms and baths in our listing's literature as quickly as possible.
But there are some other common real estate terms I would like to see eliminated from our nomenclature.
Red Lining
I would love to eliminate Red Lining, both the practice and thus the need for the term.
Created in the post-depression 1930s by Federal hou ...

Read More


  hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, hudson valley home sellers, housing sales, selling your home, the future of real estate, fair housing act of 1968, racial discrimination, racial steering, red lining

Wednesday, June 24, 2020   /   by Vanessa Saunders

No Documents No Showing! The forms agents will need to show a house during Phase 3.

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

Even though we are into Phase 3 of re-opening the Mid Hudson Valley region's real estate business, we are nowhere near back to what most of us remember as normal. Property showings in this crazy hot market are still severely restricted, in both documentation and practice. 


Buyers and their agents must realize that Global Property Systems isn’t the only brokerage following the New York and Federal guidelines assiduously. Any agent with buyers asking to see any currently listed properties will need the following documents prior to even asking for an appointment. After all, we are here to protect you, not just open doors.


Lender pre-approval or bank-issued proof of funds.
Because showings are so restricted, listing agents must be sure buyers are financially able to purchase prior to allowing their seller’s property to be viewed. Buyers should be well prepared and have in th ...

Read More


  hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, first time home buyer, showing regulations, face masks, fair housing regulations, lead paint disclosure

Monday, June 22, 2020   /   by Vanessa Saunders

"You are about to enter Phase Three!"

Empty parking lots may be a thing of the past in Phase 3 of the Covid-19 pandemic re-opening.

"You are about to enter Phase Three!"
It sounds like bad medical news but it's not. It's the next step as the seven counties in the Mid-Hudson Valley region comply with the state's re-opening schedule. Phase two, which commenced two weeks ago on June 9 included the re-opening of outdoor dining, professional services (including hair salons & barbershops), retail, administrative support and... (trumpets here) Real Estate/Rental & Leasing.
What's open starting Tuesday, June 23 will include nail salons, tattoo parlors and other personal care businesses, and indoor dining for food service establishments. (Still in place for restaurants are distancing rules requiring a maximum indoor seating of 50 diners, and six feet between tables.) Phase 3 restrictions will hold for as long as Corona virus infection rates in Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester do not ...

Read More


  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, pandemic, vacation property, upstate ny, things to do in upstate new york, hudson valley events, health crisis

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


NY.png

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS 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 the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, 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. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
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.

©2020 One Key, Inc. All rights reserved.

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.