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My experience working with Donna Cox was exceptional! This was my first time selling a property and she made the entire process feel seamless and easy. Donna knows the real estate market inside and out and advised me each step of the way - from staging decisions and pricing to offers and contract language. Donna was always friendly and approachable, I felt like I could text her with questions anytime, and I did. And she was also always the consummate professional. Her goal was to get my property sold. It was a pleasure working with Donna. I would recommend her to anyone looking to buy or sell.C.R.-M., Nyack
I can’t imagine working with a better agent - EVER. I know you do what's right for your clients and in these times of craziness it's nice to feel so comfortable working with you. I know you're our agent but we really feel like you looked out for us like a friend. I only hope we're friends after all the dust settles because you're a good person and such people are few and far between. (E. & S. W. - West Nyack)
Donna Cox is truly a professional. She is extremely knowledgeable about Nyack and surrounding areas. Donna Cox was always available to us day or night. She responded quickly to all of our concerns and inquiries. She "held our hands" and reassured us through the most difficult times in both buying and selling our home. Donna was supportive, yet never judgmental or pushy.
We cannot say enough good things about Donna. She truly exceeded our expectations. We felt that we had a constant partner in Donna from beginning to end. She is a gem. K. & K. L. - Nyack
If you are serious about selling your home then Donna Cox is the right real estate agent. As a relocating executive, I needed very quick and predictable results. We were in contract within two weeks in an extremely difficult market for sellers. Donna Cox has a strong marketing background and leverages her core knowledge, skills and current market dynamics when marketing homes to sell. My wife (who was a real estate agent for 15 years and has extremely high standards) and I agree that Donna Cox stands far, far above other agents we interviewed. We would highly recommend her to anyone who is serious about buying or selling a home. R.S. - Stony Point
Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!
Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.
As we can see, the percentage necessary is less now than in those time periods.
The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.
Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.
Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.
According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2016. Back in 1985, when data was first collected on this subject, homeowners stayed in their homes for an average of only 5 years.
There are many reasons why homeowners have decided to stay and not to sell. A recent Wall Street Journal article had this to say,
“Americans aren’t moving in part because inventory levels have fallen near multidecade lows and home prices have risen to records. Many homeowners are choosing to stay and renovate, in turn making it more difficult for renters to enter the market.”
Sam Khater, Deputy Chief Economist for CoreLogic, equated the lack of inventory to “not having enough oil in your car and your gears slowly [coming] to a grind.”
Historically, a normal market (in which prices increase at the rate of inflation) requires a 6-7 month supply of inventory. There hasn’t been that much supply since August of 2012! Over the course of the last 12 months, inventory has hovered between a 3.5 to 4.4-month supply, meaning that prices have increased and buyers are still out in force!
Challenges in the new-home construction market have “helped create a bottleneck in the market in which owners of starter homes aren’t trading up to newly built homes, which tend to be pricier, in turn creating a squeeze for millennial renters looking to get into the market.”
“Economists said baby boomers also aren’t in a hurry to trade in the dream homes they moved into in middle age for condominiums or senior living communities because many are staying healthy longer or want to remain near their children.”
So, what can you do if you feel stuck & want to move on?
Don’t give up! If you are looking to move-up to an existing luxury home, there are deals to be had in the higher-priced markets. Demand is strong in the starter and trade-up home markets which means that your house will sell quickly. Let’s work together to build in contingencies that allow you more time to find your dream home; the right buyer will wait.
Copyright 2017 Hudson Gateway 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 HGMLS. Real estate listings held by brokerage firms other than Better Homes and Gardens Rand Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 2017-11-18