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Gerald Lucas

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Will Late Rent Payments Hurt Your Credit?, Contractor Strategy You Need Before You Buy A Property That Needs Renovations, Incentive-Based NJ Zoning Reform

March 4, 2025 Gerald Lucas

Will Late Rent Payments Hurt Your Credit?

Real Estate Tip:

Confirm your contractor's availability to work before you commit to buying a property that needs extensive renovations and make sure you have backup contractors that can fill in if things don't work with the contractor(s) you hire.

Real Estate News:

NJ state lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

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Tags Gerald Lucas, real estate tips, real estate strategies, credit report, credit score, rent payments, landlords, credit bureaus
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3 Quick Repairs To Help Sell A Home, Home Insulation Tip, Mortgage Rates Move Finally

February 25, 2025 Gerald Lucas

3 Quick Repairs To Help Sell A Home

Real Estate Tip:

Insulate ductwork that runs under your house or through unheated areas with blanket insulation.

Real Estate News:

Mortgage rates fell slightly last week, continuing a streak of decreases after a recent surge above 7% at the beginning of the year.

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Tags Gerald Lucas, real estate tips, real estate strategies, home repairs, home values
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3 Solutions When A Home Doesn’t Appraise, The Most Important Factor The Determines Profit In A Fix & Flip, NJ Available Home Inventory Moves In Positive Direction

February 18, 2025 Gerald Lucas

3 Solutions When A Home Doesn’t Appraise

Real Estate Tip:

The most important factor in determining the profit you earn when you buy, fix and flip a property is the price you pay to acquire the property.

Real Estate News:

The number of homes being offered for sale in NJ has increased by 12% with months’ supply up to 2.4 months compared to 2.0 months supply a year ago.

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Tags Gerald Lucas, real estate tips, real estate strategies, appraisal, contract, contingencies, earnest money deposit
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