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Gerald Lucas

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The REAL Difference Between Condos And Co-ops, Important Fact You Need To Know About Your Homeowners Insurance, Huge Drop In Investor Purchases Of This Kind Of Property

January 30, 2024 Gerald Lucas

The REAL Difference Between Condos And Co-ops

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 News:

Investor purchases of US single family homes dropped 29% in 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, condos, co-ops, board of directors, condominium associations, fee simple ownership, mortgage financing
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How Insurance Deserts Will Affect Home Prices, Slick Way To Cut Winter Heating Bills, Latest % Office Space Vacancy In Major US Cities

January 23, 2024 Gerald Lucas

How Insurance Deserts Will Affect Home Prices

Real Estate Tip:

In winter or when it's cold outside, reverse your ceiling fans to help circulate warm air that gathers near the ceiling. When the fan blades rotate clockwise, they push the warm air down to “reheat” the lower areas.

Real Estate News:

19.6% of office space in major US cities is not leased as of Q4 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, insurance deserts, home prices, climate change, catastrophic damage, wildfires, natural disasters, Geico, insurance premiums
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What Attorneys Don't Tell You About Bankruptcy, Negotiation Techniques After Real Estate Contract Is Signed, How Higher Income Renters Affect Rental Availability

January 16, 2024 Gerald Lucas

What Attorneys Don't Tell You About Bankruptcy

Real Estate Tip:

Real estate negotiations don't necessarily end when you sign a purchase contract--savvy buyers can use repair items that arise from a home inspection to try to renegotiate.

Real Estate News:

The increase in higher income renters in the US has led to a decline in the number of available lower-priced rental properties.

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Tags Gerald Lucas, real estate tips, real estate strategies, bankruptcy, attorney, motion to avoid the lien, mortgage, deed of trust, promissory note, default
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