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Gerald Lucas

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Is The 'Iceberg House' Trend A Good Idea?, Not The Way To Figure How Much Your Home Is Worth, Number Of Homes For Sale Trend Over Last Year

January 21, 2025 Gerald Lucas

Is The 'Iceberg House' Trend A Good Idea?

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate News:

The number of homes being offered for sale has increased by 17% over the past year with homes priced between $400,000-$599,999 seeing the highest increase.

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Tags Gerald Lucas, real estate tips, real estate strategies, iceberg house
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2025 Housing Forecast, Due Diligence Must For Fix & Flip Investments, Home Sales Climb To Highest Level In How Many Years?

January 14, 2025 Gerald Lucas

2025 Housing Forecast

Real Estate Tip:

Before you make a written offer to buy a property to rehab, make sure you accurately estimate real estate repair cost (for both labor and materials)---be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.

Real Estate News:

Pending home sales in the US grew for the fourth straight month in November to return to the highest level since early 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, housing supply, housing demand, multifamily housing supply, tariffs, immigration, mortgage rate lock, buyer purchasing power, 2025, housing forecast
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3 Real Estate New Year's Resolutions for 2025, How To Maximize Rents As A Landlord, Pending Home Sales Finally Climb

January 7, 2025 Gerald Lucas

3 Real Estate New Year's Resolutions for 2025

Real Estate Tip:

If you own rental property, monitor market rents where your property is located by looking at rental ads online so you can see what your prospective tenants or current tenants are seeing.

Real Estate News:

Pending home sales in the US grew for the fourth straight month in November to return to the highest level since early 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, 2025, real estate resolutions
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