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Gerald Lucas

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3 Little-Known Ways You Can Lose An Inherited Property, Check This Contract Item Whenever You Buy Property, Office Loan Trouble On The Horizon

May 2, 2023 Gerald Lucas

3 Little-Known Ways You Can Lose An Inherited Property

Real Estate Tip:

When you buy a property, make sure that ALL current property owners sign the purchase contract.

Real Estate Insight:

More banks executives are signaling upcoming trouble for office loans.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, property taxes, municipal liens, water lien, sewer lien, foreclosure
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Can A Widowed Spouse Lose Their Home?, Exactly Why You Need To Know What Kind Of Homeowner's Insurance You Have, Mortgage Rates Move Down...Again

April 25, 2023 Gerald Lucas

Can A Widowed Spouse Lose Their Home?

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate Insight:

Mortgage rates dropped to the lowest level in two months, prompting buyers to return to the housing market.

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Tags Gerald Lucas, real estate tips, real estate strategies, widowed spouse, probate, executor, administrator, beneficiary, estate, mortgage
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How To Profit From Prehabbing, Real Estate Commandment #9, Home Price Gains Weaken

April 18, 2023 Gerald Lucas

How To Profit From Prehabbing

Real Estate Tip:

Never let a real estate attorney make a business decision for you. Attorneys exist to review and advise not to make business decisions. Tell your attorney to stay in his lane and focus on the law.

Real Estate Insight:

Home price gains have been weakening every month since last summer, with the average home price nationwide now down six percent from its June peak as sales have dropped.

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Tags Gerald Lucas, real estate tips, real estate strategies, leveraged appreciation, gut renovation, prehabbing, fix and flips
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