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Gerald Lucas

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Should You Buy A New Home Before Selling Your Old One?, This Should Be Your First Step When You Buy A Real Estate, Sales Of New Single Family Homes Rise

November 28, 2023 Gerald Lucas

Should You Buy A New Home Before Selling Your Old One?

Real Estate Tip:

Get a thorough home inspection before you buy real estate and get one before you pay for an appraisal just in case the inspection reveals something so major you decide against buying the property.

Real Estate News:

Sales of new single family homes in the US were way up in September.

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Tags Gerald Lucas, real estate tips, real estate strategies, financial decision, peace of mind, mortgage payment, flexibility, risk, sold, buy
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3 Things To Be Grateful For Thanksgiving 2023, Tool To Measure The Strength Of Your Local Real Estate Market

November 21, 2023 Gerald Lucas

3 Things To Be Grateful For Thanksgiving 2023

HAPPY THANKSGIVING

Real Estate Tip:

The average number of days on market required to sell a home gives you a good indication of the strength of that local real estate market--a higher average number of days on market usually suggests a weaker market, a lower average number of days on market implies a stronger local real estate market.

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Tags Gerald Lucas, real estate tips, real estate strategies, Biden Administration, the Fed, interest rates, commercial buildings, housing costs, housing shortage
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Can U Keep A Home Buyers Deposit Money If They Back Out?, Which Data To Verify In A Real Estate Transaction, Adjustable-Rate Mortgages Soar

November 14, 2023 Gerald Lucas

Can U Keep A Home Buyers Deposit Money If They Back Out?

Real Estate Tip:

In a real estate transaction, don’t accept any piece of important data that is provided to you until you’ve gotten third party confirmation of it (i.e. lease-verified rental income numbers).

Real Estate News:

Adjustable-Rate mortgage demand hit it's highest level in a year as interest rates continue to climb.

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Tags Gerald Lucas, real estate tips, real estate strategies, contingency clauses, mortgage contingency, inspection contingency, purchase contract, home buyer deposit
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