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Gerald Lucas

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When Will Home Sales Finally Increase?, Later Stage Real Estate Negotiation Tactic, Millennials Supplant Older Generations As Biggest US Home Buyer Group

April 23, 2024 Gerald Lucas

When Will Home Sales Finally Increase?

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:

Millennials have become the largest group of home buyers in the US.

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Tags Gerald Lucas, real estate tips, real estate strategies, housing inventory, home sales, mortgage interest rates, home owners, home sale activity, trade up activity, trade down activity
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Best NJ Home Buying Opportunities Now, The Unique Property Trap, The 5 Regional Banks S&P Just Downgraded

April 16, 2024 Gerald Lucas

Best NJ Home Buying Opportunities Now

Real Estate Tip:

Unique properties are often harder to sell because they generate lower demand and appeal to a smaller percentage of potential buyers.

Real Estate News:

S&P Global downgraded five regional banks to a “negative” outlook from “stable” because of their exposure to CRE loans. The banks include First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National Bancorp.

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Tags Gerald Lucas, real estate tips, real estate strategies, NJ shore, housing inventory, pandemic, home buying opportunities
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Realtor Settlement Facts, Myths, Winners & Losers, Tip For Making Smart Home Purchase Offer, How Higher Mortgage Rates Are Affecting Home Sales

April 9, 2024 Gerald Lucas

Realtor Settlement Facts, Myths, Winners & Losers

Real Estate Tip:

Before you make offers to buy property, look at as many similar properties in that area as possible so you’ll have a solid frame of reference to make a reasonable bid.

Real Estate News:

Many homeowners faced with higher mortgage rate, have opted to stay in their current homes rather than selling and taking on a higher monthly payment.

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Tags Gerald Lucas, real estate tips, real estate strategies, realtor settlement, class action lawsuit, MLS, multiple listing service, 1st time home buyers, buyer's agent, buyer's broker, Zillow, Trulia
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